Master Your Personal Finances. Build True Wealth. Live A Better Life.

5 Steps To Pay Off Your Student Loans Faster

Student Loan Debt

Paying the minimum balance on your student loans means years, if not decades of being in debt. It also means years of mounting interest. Taking action now will save time and money in the long run. These tips are designed to help you on your journey to pay off your student loans fast!

Share

Some Quick Halloween Treats For Your Credit Score

Halloween Treats For Your Credit Score

Well its Halloween so I came up with some easy little candy like quicktips that can help you out with your credit score. I was talking to a friend the other day who works for one of the Big 3 Credit Reporting Agencies and I asked him for a couple little nuggets of information on […]

Share

Life After Bankruptcy: How To Build Your Credit

Life After Bankruptcy

While bankruptcy takes an emotional and financial toll on anyone who files, many people recover quite well by following a few simple strategies for avoiding future debt problems. Even though your credit report will show a bankruptcy for up to 10 years on your credit report, that does not mean that your credit score will […]

Share

Bank Overdraft VS Credit Cards VS Payday Loans

Payday Loans VS Bank Overdraft VS Credit Cards

This infographic was sent over to me by my friends at FastPayDayLoansReview.com and while its tailored to the British  economy the reality is the same anywhere you look at it.

Share

How can you protect yourself from credit card fraud?

Don't Be A Victim Of Credit Card Fraud

Are you shocked to find your credit card statement way above your expectation this month? Wait before you sign up with a debt settlement company! You might probably just be another victim of credit card fraud. Credit card fraud happens when someone steals your credit card or any information related to it. The person then […]

Share

Can Drowning in Debt Make You Fat?

Can Debt Make You Fat

I came across a recent study conducted in Germany by the University of Mainz showing that “over-indebtedness” has a direct link to obesity.  To clarify over-indebtedness is defined as a scenario where a person’s debt becomes overwhelming and unmanageable. At first when I saw this report I was a bit skeptical and a bit in shock […]

Share

Avoid Debt While Paying Off Your Loans

Avoid More Debt While Paying Off Your Bills

Somewhere along the way, you’ve probably heard the following definition: “Insanity is doing the same thing over and over, and expecting different results.” Makes sense, doesn’t it?  So, how does the quote relate to you? Well, let’s say, somehow or other, you’ve gotten yourself over your head in debt. It really doesn’t matter how it […]

Share

How Do Credit Card Companies Calculate My Minimum Payment?

related posts

I was asked this question the other day and the answer is a complex and convoluted 3 step process.  I will do my best to break it down and give you the most relevant information. The standard method for determining a credit card payment is the Average Daily Balance Interest Calculation 1. Calculate your average […]

Share

The Best Ways To Get Out Of Debt For Your Personality

Personality Based Debt Management

When I was deep in debt, it was very overwhelming and very difficult to create a debt elimination plan.  I didn’t know if I should pay the highest interest rate first, the lowest balance first, or use David Bach’s DOLP payment method (dead on last payment).  It’s quite confusing when you have all of these […]

Share

Don’t Be A Doormat, Know Your Rights When It Comes To Bill Collectors

Drowning In Debt

Are you are in debt?  Are you past due on your bills?  Can you not even afford the minimum payments?  This is a stressful situation that can really bring you down and affect every aspect of your life.  The last thing you want are these ruthless creditors harassing you at home in front of your […]

Share

Steps To Get Out Of Debt

Steps For Getting Out Of Debt

1. Reality Check The first step to solving a problem is admitting that you even have one. Are you struggling just to make the minimum payments? How high is your debt to income ratio? All important questions in determining your financial position. I know in my darkest days of debt I lived in denial, refused […]

Share

SavvyMoney Review

SavvyMoney Review

SavvyMoney is a great online tool that helps you create personalized custom plans for getting out of debt. What Is SavvyMoney All in one location you will have access to overseeing all your debt, create payment goals, set up a plan, follow the plan and track your progress to debt freedom. What I like most […]

Share

Handling Defaulted Student Loan Debt

debt relief

Have you failed to pay back your private student loan in time? Well, you should immediately contact your lender or he might transfer your defaulted account to a collection agency. Although the federal government has a good number of debt recovery alternatives, it prefers to contact the collection agencies to collect all outstanding education loans. […]

Share

Don’t Let The Credit Nazi Take You Down!

Fight Back Against the Credit Card Companies

Do you own a credit card?  And who doesn’t, really? Then you need to read this if you want to save yourself a huge headache and severe financial trouble. Roger, who is part of the Personal Finance Mastery community, shared with me a financial dilemma that he just recently faced when dealing with a certain […]

Share

8 Million People Abandon Credit Cards

Abandon Credit Cards

According to a recent report by TransUnion – one of the Big 3 credit reporting agencies – credit card use is on track for record breaking declines.  In 2010 over 8 million less people are using their credit cards. The report highlights that US credit card debt fell by more than 11% this year bringing […]

Share

How to Survive Your Debt Crisis

Bills, bills, bills

Do you feel yourself drowning in debt? Are you struggling to make your monthly payments? It’s important to know that you are not alone; I’ve been down that path and I know the feeling of dread, that sickness in the pit of your stomach when you see another bill in the mail.

Share