Showing posts with label Debt. Show all posts
Showing posts with label Debt. Show all posts

Stop Credit Card Payments - What happens after that?

Ever tempted to just stop paying your credit card bills? I mean, what's the worst that could really happen? Here is an infographic to explain how your creditors might retaliate if you stop sending them money each month. (Hint: the pipes get rustier and the rats get uglier the further down you go.) Don't let this happen to you!
SpendOnLife.com has designed a wonderful graphic poster titled "Don't

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Three Quick Steps To Get Out of Debt

Aug 02, 2011: At present we are debt free. It's a great feeling to have no financial debts. In fact it's said that the first step to save is to get rid of our debts. We agree.

Our lifestyle can siphon off our cash faster than the rate at which we earn it. More so if we lead a fast life where we are conscious of status symbols, our images and can spare no time to manage our finances. Such a life

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Risks Of Cash Advances And Payday Loans

Jul 26, 2011: Pay day loans are various kinds of small cash advances taken for a very short duration. They are very expensive and typically must be repaid in full by the next pay day of the borrower. These are also known as cash advance loans, check advance loans, or deferred deposit check loans.

These loans offer cash advances when money is tight, but they do not adequately inform the borrower

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Four Quick Ways to Build A Strong Credit Rating

Feb 23, 2011: A lot has been written about credit rating and how we can go about improving it. There are companies offering professional services to help us earn better credit scores. But with a little contemplation we'll see that we don't need to spend our hard earned dollars on professional help for building a strong credit rating. It's simple, DIY (Do It Yourself) and boils down to the

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Personal Loans - How to Borrow Money Responsibly?

Nowadays it is normal for the average person to have some sort of debt, whether it be school loans, a mortgage, or credit cards. After all, this is the day in age in which people are living beyond their means (according to financial experts). But is all debt bad? How much is too much? And how do you know if you are borrowing responsibly?

All these questions can be overwhelming and finding

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Need Money for College - Borrow Smartly

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]
Jul 07, 2010: With each passing day the cost of college education is rising. It is becoming increasingly difficult for middle class families to put their children through college without borrowing.

One of the golden rules for breezing through college funding is to start saving early. But now a days even

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9 Debt Hacks

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]
Jun 16, 2010: At present, debt is one of the greatest financial problems plaguing our country. Most Americans are struggling with debt and high interest rates charged by creditors. In fact, the first rule towards building a saving is to pay off debts. The second is to avoid debts forever. If we pay off our

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New Money Rules for Financial Security - #4. Handling Debt

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]The past decade saw the boom of the "power of leveraging" - a fancy name for debt. Until recently, most Americans put their purchases on their credit cards and personal savings fell to nearly zero. Credit was easy, and people used it to build wealth. Can building wealth with debt be a money rule?Rule #4:

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Knock Out Your Financial Problems Like Rocky

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]We were deeply pondering over a poignant question raised by Grace (of Graceful Retirement) when we read her article last Sunday.Two recent news items have left me both depressed and thoughtful about the loss of financial security and the subsequent impact on one's mental health. The first was the death of 53

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