When your finances seem to be taking over your life and you can't make your payments each month, you should try to work out debt settlements with each of your creditors before you file for bankruptcy. A debt settlement is when a creditor agrees...
One of the most common New Year's resolutions is to get out of debt. Most people forget or give up on their plan to get out of debt before the first month is over, just like they do with most New Year's resolutions. Here are some ways to help you...
People usually get crushed by the weight of their debts in two main ways. Some people feel like debt hit them like a tonne of bricks when they lost their job or got sick and couldn't work or had to spend a lot of money on medical bills. Other...
Savings accounts are run by a commercial bank or a mutual savings bank. The FDIC backs savings accounts up to the limits shown. The money you put in a savings account earns interest over time, which helps you get richer. How much interest you get...
Several states let people freeze their credit report, which makes it impossible to get credit in their name. Some states, like Texas, Illinois, Washington, and Vermont, only let people freeze their credit if they have already been a victim of...
"Don't put all your eggs in one basket!" is probably what everyone will tell you about investments. This old saying just means that you shouldn't put all of your money into one company or industry when you're investing. Diversification is the...
Every year, more than 1 million people in the U.S. file for personal bankruptcy. Most American homes have ten credit cards. People are spending more than they can afford. Americans have so much debt that they are drowning, and the problem is...
There are a lot of good ideas out there about what to do if you have bad credit or a lot of debt. But have you ever stopped for a moment and asked yourself, "How did my credit get so bad?"
Bad credit doesn't happen because you thought...
The three major credit bureaus, Equifax, Experian, and TransUnion, came up with the Vantage credit scoring system. Everyone knows about it now. On a scale from A to F, the system gives people grades. Even though I've done a lot of research, I...
The consistency with which you save money is more important than how much money you save. Those who are wealthy and can save a lot of money will earn more interest, but for the rest of us, even saving a few dollars every week will add up over...