5 Simple Do It Yourself Debt Reduction Strategies

So, you've got some debt and don't know how to get out? That's OK, you're certainly not alone, but you want to know how to pay off debt fast. There are so many options out there that you don't know who to believe. Just watch TV at night for a few hours. It's downright confusing trying to figure out which type of program is right for you! Fortunately, getting out of debt does not have to be that complicated. Not that it's easy to pay off bills that have grown and grown - especially those that...

How Do Balance Transfers Work

The thing that you see in your mailbox this morning that states “0% interest, credit card offer” may actually be a lot more troublesome than you think. If you’re a long time credit card holder, you might as well be more familiar with the term “balance transfer”. But if you’re just a beginner in the field, don’t be surprised if the first thing you see, when you wake up in the morning, is a messed up credit card bill on your mailbox. If you are not sure what to do, you might panic. How can y...

Beginners Guide to Bankruptcy Law

Gone are the days when people will go for bankruptcy once they see themselves facing an escalating amount of debt. There is now the new bankruptcy law, which changes the conventional meaning of the word “bankruptcy”. It was April 20, 2005 when George Bush signed the law about “Bankruptcy Abuse and Consumer Protection Act”. Some people would say that this new law is nothing but unfair rule given by the government again, so lets dig further to the real details about comparing the present a...

5 Ways to Leave University Debt Free

In order to survive university with all your finances in tact, you need to take control (and more importantly stay in control) of your money. Far too many students are completely unaware of their financial situation at any given time, in fact according to recent figures 1 in 3 students don’t know how much money they have at any given time. To the frugal among us, this begs the question - how on earth do they know how much they are able to spend? The simple answer is they don’t and here in lies t...

Credit or Debit? Which Card Makes More Financial Sense?

We’ve reached a stage where our lives are dominated by pieces of plastic – credit cards are a regular feature of every transaction and purchase. Some people swear by it, but others are wary as it ends up putting them in a deep hole of debt. The latter prefer debit cards which work a little differently but which are able to keep you out of debt because you need to have money in the bank to use them. Credit or debit, both cards have their pros and cons, and how you choose to use either depends on ...

Staying Financially Afloat – Bankruptcy Alternatives

Financially hard times call for financial assistance from institutions that are willing to lend a helping hand. Assistance in the form of financing instruments, however, do not come free. They often come with interest rates that may put even more stress on you already tight financial situation. When times get harder, you might not have much recourse but to take the legal option to clear your debt by filing for bankruptcy. There are times, however, when bankruptcy alternatives may still be av...

Ways To Consolidate Your Debt

Almost every individual in this world has one or anther form of debt on his/her name. While some are successful in paying off this debt, others find it really hard either due to their circumstances or by following improper finance management strategies. As a result, they finally end up as bankrupt. One way of avoiding the problem of debts is to opt for an appropriate debt consolidation loan. (more…)

Successfully Managing Your Credit

The easiest way to fall into the bottomless pit that is debt is by not knowing how to manage your credit successfully. Credit cards are not given to only those with financial savvy and they don’t come with an instruction manual on how to use them. The average American has anywhere from five to eight credit cards and can carry a debt of more than $20,000, and for some the number is even higher. Learning the ins and outs of credit management may save you from a bleak financial future and thrust...