Man lives in the sunlit world of what he believes to be reality. But… there is, unseen by most, an underworld, a phenomenon that is just as real, but not as brightly lit…Tales from the Darkside? Nope! Tales from the Debtside.

  • Debt is the toxin that feeds fear and fear is the toxin that feeds debt.

  • If you buy more than you need, you gain more debt than you want.

  • The person who thinks debt-free life is possible is the one who is going to get rid of debt in life. Make real effort to do so.

  • We can easily forgive a child who is afraid of the dark; the real tragedy of life is when men are afraid of the light - Plato

  • Any credit repair company that promises to remove legitimate bad debts from your credit history is lying.

  • Under the Consumer Credit Protection Act, such information remains on your credit report for about seven years.

  • The disappearance of bad credits, if any, is only temporary.

  • For help, check out the National Foundation For Credit Counseling.

Craving for Credit is the real problem!

We live in such a consumer driven society - credit cards just help us get what we want when we can't afford it. In our society we overeat, overspend, over consume. In general - donuts and credit cards are not the problem, our constant craving for food and credit is the real problem!

The Credit Card Song by Old Man Pie

Ahead of its time this is a cartoon animation that's been up on the web since 2006 and is all about the credit crunch crisis.

Credit card spending and loans from banks are in their trillions of dollars and something has to give. We no longer spend what we have earned, we spend what we haven't earned on the back of house price rises and yet more loans.

The banks are prospering and fat cats are awarding themselves massive bonuses, but it cannot continue.

Beware the debt time bomb may bring the walls of the western world clattering to the ground.


Debt Menu

 

 

 

 

 

Tips To Avoid Stinking Debt To Be Debt Free

Tuesday, November 8, 2011, 3:00 AM | Leave Comment

There are certain things in America that to want them is to get into debt, by default. For example, you get a job, make good money, you meet someone, you get married. Both of you are gainfully employed and together make good money, enough that you start thinking about buying a house or maybe a […]



Tips How To Get Rid Of Debt

Tuesday, October 25, 2011, 3:00 AM | 1 Comment

Many more financial advisers would suggest different ways of beating the debt beast. I say there is nothing to beat. You can beat upon it as much as you want, but in the U.S., it’s hard to have some kind of control over it. As long as Mr. & Mrs. Jones are alive and living […]



Debt Moderation Is Key To Successful Money Management

Friday, September 23, 2011, 2:00 AM | Leave Comment

As I mentioned in one of my previous posts, To Get Out Of Debt, You Must First Understand It, debt is not always bad. There are different kinds of debt and good debt is one of them. Let’s examine some of the things that many of us have gone through one way or another to […]



To Get Out Of Debt, You Must First Understand It

Thursday, July 7, 2011, 2:00 AM | Leave Comment

Are you in debt? Are you heavily in debt? If you are, find a good credit counselor. This short post is for people who, in future, want to get a loan and by default will be potentially in debt, now that the credit crunch of yesterday is waning. Beware and be warned If you borrow […]



9 Tips How To Handle Debt Collectors

Monday, June 20, 2011, 2:00 AM | 1 Comment

What do you do when the collection agency, frequently termed as debt collector, contacts you? Mind you, the contact is definitely not of a social nature. You borrowed, more appropriately rented, money. You did not pay it back and now you are hounded by the collector. To tell you the truth I don’t blame the […]



How To Prepare For Borrowing Money

Friday, May 20, 2011, 2:00 AM | Leave Comment

In today’s environment, millions have declared bankruptcies because they borrowed heavily for mortgage, auto loan, and college loan without really raising questions in their minds how they will ever pay back the loan. Borrowing for these legitimate needs is one thing but many borrowed for extravagant vacations, and for their never-ending shopping sprees using their […]



How Long Will an IVA Last?

Wednesday, May 18, 2011, 2:00 AM | Leave Comment

Most IVAs last five years – this is the standard time period that lenders expect them to last. However, in some cases it may be possible to arrange a longer or shorter IVA, while in other cases an IVA may last less time than expected. Background to IVAs A typical IVA involves making monthly payments […]



How To Control And Reduce Your Debt Load

Friday, May 13, 2011, 2:00 AM | Leave Comment

We all know Western economy especially that of the United States runs on credit. Credit if not repaid immediately accumulates interest and thus turns into debt. Millions of folks would stop living financially if the credit industry stopped giving out money. That’s exactly what many folks thought that credit companies were giving out money and […]



Be Very Wary Of Debt Settlers

Tuesday, May 10, 2011, 2:00 AM | 3 Comments

Millions of folks are struggling with debt. As the number of debt holders have increased so have companies that offer you the world and claim to make your life free of debt almost overnight. If you have not received mail in your mailbox yet, pretty soon you might get an offer like that. These offers […]



Control And Minimize Debt With Planning

Friday, May 6, 2011, 2:00 AM | Leave Comment

If you are heavily in debt like many folks are, you need to try seriously your best to control, manage and continually keep minimizing your debt. The best thing is to stop borrowing outright NOW. Otherwise, you would keep getting into debt deeper and deeper and a time would come that you would feel hopeless, […]