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This blog is for people out there who cannot pay their credit card bills. If you have lost your job or possibly have suffered from an illness, whatever the reason and you cannot pay your credit card bills…well this hub is for you.
I’m sure you have already had many a sleepless night wondering what you [...]
Archive for the ‘Debt Management’ Category
Advice for those who Can’t Pay their Credit Card Bills
Posted by admin2 on September 2nd, 2010
Posted in Credit Cards, Debt Management 
Tags: Credit Card Debt, Debt Collectors, Debt Management 
No Comments »Interview with Nassim Nicholas Taleb author of The Black Swan
Posted by admin2 on July 5th, 2010
Posted in Debt Management, Video Tags: Black Swan, Debt Management, Nassim Nicholas Taleb, Video No Comments »Vulgar voicemails force debt collector to pay $1.5 million
Posted by admin2 on May 30th, 2010
The harassing and threatening voicemail messages left on Allen Jones’ mobile phone are nothing short of vulgar.
“This shouldn’t be tolerated,” he said. “Nobody should have to experience what I had to experience.”
Debt collectors from Advanced Call Center Technologies, LLC left eight messages for Jones in August 2007 trying to collect what [...]
Posted in Debt Management, News Tags: Debt Collectors, Debt Management, Harassment, VoiceMail No Comments »Get Out of Debt with the Debt Snowball Plan
Posted by admin2 on May 5th, 2010
Myth: I should pay off the debt with the highest interest rate first to get out of debt quickly.
Truth: You should pay off the smallest debt first to create the greatest momentum in your debt snowball.
The math seems to lean more toward paying the highest interest debts first, but what I have learned is that [...]
Consumer debt is not your friend
Posted by admin2 on May 5th, 2010
Here’s a simple MBA lesson: borrow money to buy things that go up in value. Borrow money if it improves your productivity and makes you more money. Leverage multiplies the power of your business because with leverage, every dollar you make in profit is multiplied.
That’s very different from the consumer version of this lesson: borrow [...]
Posted in Credit Cards, Debt Management, Personal Finance Tags: Consumer debt, Debt Management No Comments »Interest Rates Have Nowhere to Go but Up
Posted by admin2 on April 12th, 2010
Even as prospects for the American economy brighten, consumers are about to face a new financial burden: a sustained period of rising interest rates.
That, economists say, is the inevitable outcome of the nation’s ballooning debt and the renewed prospect of inflation as the economy recovers from the depths of the recent recession.
The shift is sure [...]
42% of parents have paid a child’s debt
Posted by lorenzo on December 12th, 2009
Before bailing out offspring, ask yourself whether you’re really helping.
A new poll by CreditCards.com found that 42% of people with adult children have paid a debt for their children at some point. But should they?
The debts most commonly paid off were auto loans (40%) and medical debt (37%). But the survey also found that parents [...]
Posted in Debt Management Tags: Bailout, Cash Flows, Credit Card Debt, Debt Management No Comments »7 Lame Reasons People Spend More Than They Make
Posted by Staff Writer on July 18th, 2009
Personal finance isn’t exactly rocket science. We all pretty much understand the basic concepts of living below our means, budgeting, tracking expenses, etc. But, even as straightforward as these concepts are, there are still plenty of people out there in debt and spending more then they make. So, here are seven lame excuses we hear, [...]
Nationwide offers 125% mortgage
Posted by Staff Writer on July 10th, 2009
The Nationwide Building Society has introduced a mortgage allowing borrowers to take loans worth 125% of the value of the home they are buying.
It will only be available to existing customers in negative equity who want to move house.
Negative equity means that the value of someone’s home is less than the amount they owe on [...]
US loan defaults hit record level
Posted by Staff Writer on July 8th, 2009
The level of people falling behind with consumer loans in the US hit a new high in the first three months of 2009, the American Bankers Association said.
Rising unemployment was behind the missed payments, it suggested.
Delinquencies – payments that were more than 30 days overdue – rose to 3.23% from 3.22%, the highest level since [...]
