A few years ago, when I had over $15,000 of credit card debt, I was often negotiating with credit card companies to get better interest rates. I took a very active approach toward minimizing my interest expense on my debt and learning to negotiate with credit card companies was a key component…
You open that credit card statement and sigh. “It’s going to take forever to get this thing paid off.” When you add your student loan debt and your car debt, that sigh turns to a moan. You ask yourself, “How can I ever stay on task long enough to do this? Is there a way to stay motivated?”
Getting out of debt can be tough, but these principles can help you get through it much easier.
When my husband started getting membership applications from AARP around his 49th birthday, he was the laughing stock of the family. “Ha, ha, dad,” the kids would jeer. “You’re officially old.” Not wanting to admit his advancing years, he threw the offers in the trash . . . .
Earlier this year I listened to Andy Stanley’s ‘Balanced’ 6-part financial series for the second time. And I thought to myself, “I have got to find a way to share this with the readers.”
If your credit score has fallen recently, due to a missed payment or two, or perhaps you have too much credit outstanding, there are some simple ways you can improve on your credit score that will get it back on the right track. Doing a combination of several of these could see your credit score rise significantly in just the next few months – and that goes for your credit score at each credit repository.
This past year our family experienced more medical expenses than planned. Nevertheless, we made it through the year just fine. I was thankful we didn’t end up accumulating any credit card debt. I know that can’t be the case for everyone . . . so should you use your emergency fund to pay off debt?
Given the state of the economy over the past few years, many people have debts they can no longer pay. One of the ways those debts are settled is through negotiations that end with the debtor satisfying the debt by paying less than the full amount owed. We are required by our faith to pay our obligations, and settling a debt for less than the amount owed can seem un-Christ-like. What should you do in such situations?
When I was going through the process of getting a student loan for my first year at college – I thought little of the fact that my dad stepped in to cosign my student loan. I now have a greater understanding of the risk he was taking by cosigning. If I failed to come through on my repayment of that loan, he could have been saddled with the debt. How do you remove someone as a cosigner? Here are the answers.
Time to get out of debt. Time to not only make a budget, but time to sell something! What should you sell? Here are 20 ideas of things you can sell or downgrade in order to get your debt payment going.
This article focuses on the sacrifices that need to be made in order to get out of debt. The most important thing to remember about these sacrifices is that they are ONLY TEMPORARY!
If you have ever been on the receiving end of menacing phone calls from a bill collector, the title of this article probably spiked your blood pressure. Yes, this is a stressful experience, but it doesn’t have to be a nightmare. These tips will help.
In 2005 I began tithing regularly. I got introduced to the concept that all things belong to God and I am merely a steward. At the time I had been renting an apartment for two years and finally I decided to get a place to my own. I turned 30 that year and somehow my life’s priorities were changing both in the material and spiritual sense…
“Help!” you are crying. “My debt load is weighting me down so much that I am considering selling my house to get rid of it. Should I?” Although I appreciate your willingness to sacrifice in order to dump debt, selling your house may not be the best way. Ask yourself the following question: Why am I in debt?
With many people still struggling to find work, bankruptcy filings continue to grow. More than 500,000 people have filed so far this year, according to the National Bankruptcy Research Center. That’s up 17 percent from last year at this time. While bankruptcy’s stigma has weakened in recent years, it is still an especially troubling topic […]
I keep checking my mailbox to get an invitation to speak at a school graduation, but alas, the invitation never came. Therefore, I’m going to share 10 tips I wish I had when I graduated (high school and college). 1. When given the choice to learn from your own mistakes or the mistakes of others . . .
The series/eBook basically takes you through all the things that my wife (Linda) and I have done to pay down our debts. When we got married we had about $40,000 of debt. Even though that was a sizeable amount of debt, we had a very strong desire to get rid of it. This intense desire drove us to make sacrifices that seemed pretty uncommon when we looked at those around us. But, as Dave Ramsey often says, “You have to live like no one else (now), so that you can live like no one else (in the future)”…
I did some researching to find out the 10 most common new year resolutions – these are them! I am not much of a supporter of new year resolutions, I don’t like waiting around for a specific date to make positive life changes. That said, I guess some people don’t really think about making positive life changes until the new year rolls around…
Doesn’t it seem like even a check-up and a physical will have your wallet screaming for mercy these days? It doesn’t require major surgery and scans to rack up a pile of medical debt in this day and age. At some point or another many of us might even deal with a major health issue that requires exams, scans, check-ups and quite possibly surgery.Hopefully your health insurance provider will pick up the majority of the costs, but what do you do about the remaining amount that you owe? Or worse – what if you don’t have insurance?
As some of you all know my car had to be put to sleep a few months ago. I am not really sure why I am just writing about it now – maybe because the grieving period lasted this long? 😉 But anyway, it’s passing marked a significant point in my financial life: It was […]