6 ways to consolidate your debt...

Jan 6, 2015 by

6 ways to consolidate your debt

Most consumers have good reasons for accumulating debt. Sometimes these good intentions can spiral out of control into a high debt load spread out all over the place. How great it would be if all those debts could be lumped into one easy payment each month? Well there are typically many options for any consumer to consolidate debt into a single loan and provide clarity and peace back in to your finances. Here are few that may be available to you. Remember to consider them carefully to ensure that these options actually make financial sense: Credit Card Consolidation – If you can read this sentence then you probably qualify for 0% interest on a balance transfer with some credit institution for a year or more. This is a great option for the disciplined consumer...

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Are You Living Beyond Your Means...

Jun 24, 2014 by

Are You Living Beyond Your Means

You’ve worked hard all day and come home at night, only to discover that you can’t get comfortable in your own bed. You toss and you turn for well over three hours. As 3a.m. approaches, you finally go to sleep but the alarm sounds all too quickly at 6 a.m. It’s time for you to go to work. Day two comes and you’re off again to the usual rat race. You repeat the same pattern once you get home. Later that night you lay in bed, thinking how you’re going to pay all of these bills. Despite your best efforts on the job, including overtime, it doesn’t seem to be enough. What can you do? Who can you to turn to? Does this sound like you? Are you having sleepless nights because of your...

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A Look at Personal Bankruptcy & What to Expect...

Jun 24, 2014 by

A Look at Personal Bankruptcy & What to Expect

One of the most difficult decisions that you can face is whether or not to file for bankruptcy. For individuals, there are basically two types of personal bankruptcy, which includes Chapter 7 and Chapter 13. Designed to give the filer a fresh start in life by wiping out certain debts, a Chapter 7 bankruptcy will rid the filer of credit card and other unsecured debt. A chapter 13 bankruptcy, on the other hand, is a court-approved payment plan in which the filer is required to repay a predetermined percentage of their debt. The determination of which chapter to file will be based on the filer’s disposable income, if any, after paying their necessary monthly bills. When many people file for bankruptcy, their first thoughts are of their assets and whether or not they may...

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7 Indicators That You May Be Carrying Too Much Debt...

Jun 24, 2014 by

7 Indicators That You May Be Carrying Too Much Debt

Debt has practically become a national pastime. The United States and its citizens largely run on credit. While credit can be a great convenience, it can also create major financial challenges. Carrying too much debt creates a lot of additional costs and stress that are unnecessary. Anyone who’s had a sleepless night because of debt knows how much it can negatively influence your life. Most of us are used to having a significant amount of debt. But, how much is too much? Look for these signs that you’re carrying too much debt: You’re carrying a credit card balance. If you’re carrying a credit card balance each month, it’s critical to your financial health to pay this debt down. If you’re unable to pay it off, that’s a sign that you have too much debt....

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