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






Common Sense Got Millions On Brink Of Bankruptcy

Thursday, May 5, 2011, 2:00 AM | Leave Comment

Common sense has been defined by dictionaries and many experts as “Good sense and sound judgment in practical matters.” Some say sound judgment is not based on specialized knowledge. Time and again, the last few years, millions of folks who borrowed ruthlessly so to speak have proven it to be wrong. They used common sense […]

Be Sensible About Interest Rate When Borrowing

Monday, May 2, 2011, 2:00 AM | Leave Comment

A day doesn’t pass when we don’t see advertisements for interest rate. It has become a way of life for many folks to know how much interest rate has changed on a daily basis in case they need to borrow money. Much of the press coverage concerns the Federal Reserve (Fed) and its chairman, Ben […]

Recognize Your Needs For Managing Your Debt

Sunday, April 24, 2011, 2:00 AM | Leave Comment

You need to recognize your basic needs in your financial life to manage your debt and eventually live free of debt. Setting and meeting goals play a key role in motivation and fulfilling your needs. In your quest for getting rid of debt and having some financial success, you must overcome your fears and your […]

Use Debt As Asset For Your Financial Livelihood

Friday, April 22, 2011, 2:00 AM | 1 Comment

Debt is not always bad if you are careful and are always in control of your debt. As long as you use debt for your financial livelihood and eventually return it to its original owner, then you would lead a successful financial life. Whether it’s credit card debt, your mortgage or student loan, be always […]

Debt Consolidation Is Primarily Debt Management

Tuesday, April 19, 2011, 2:00 AM | 24 Comments

Whether you are carrying a swollen belly from debt or not, your mailbox is frequently filled with offers for credit cards, mortgage refinancing, and home equity loans. Many of these offers try to convince you of the benefits of moving existing balances to the new lenders. While that may be tempting and sound appealing, especially […]

Debt Consolidation Will Fail With Old Mindset

Friday, April 15, 2011, 2:00 AM | 3 Comments

Recently, the advertisements about debt consolidation has been on an upward spiral. All media carry them. Even some companies are advertising on billboards along the highways of this great nation of ours. Debt consolidation will fail if you don’t change your mindset. It has seldom worked if you don’t change your financial lifestyle. Nobody can […]

Big Tip To Get Out Of Debt – Change Your Mindset

Thursday, April 14, 2011, 2:00 AM | 3 Comments

Updated from 2 years ago. In order to get out of debt, you have to change your mindset. Spend less than you make. It has become some people’s second nature that they always look for bargains. They cut coupons from magazines, papers, search them on the Internet. They do that so they can save a […]

Getting Into Debt Repeatedly May Be Sign Of OCD

Tuesday, April 12, 2011, 2:00 AM | 1 Comment

Wikipedia defines Obsessive Compulsive Disorder (OCD) as an anxiety disorder characterized by intrusive thoughts that produce uneasiness, apprehension, fear, or worry, by repetitive behaviors. Believe it or not, the repetitive behavior of anxiety is aimed at reducing some anxiety in life. I think it creates a catch-22 kind of scenario. For example, repetitive hand-washing due […]

Tips How To Handle Bankruptcy As A Last Resort

Monday, April 11, 2011, 2:00 AM | 2 Comments

I am strictly against declaring bankruptcy. But a time comes in consumers’ lives that they have no choice but to go bankrupt. If you are one of them and are reaching the end of your rope, don’t try to hold on. Save what you can. A bankruptcy is always done in a courthouse in front […]

7 Tips To Help You Put On Debt Diet

Friday, April 1, 2011, 2:00 AM | 1 Comment

Before the credit crunch started, many people had large sums of debt on their credit cards to the tune of $10,000 and up. Some still do. Some credit gurus will tell you that it was OK to have carried that kind of debt before the market meltdown, but I don’t think it ever was okay. […]