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.
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.
First off, stretch your legs according to the length of your sheet, otherwise you would get cold feet. That means “live within your means.” Many consumers need to rethink their spending habits and return to the basics of building a strong foundation in their personal finances. Here are some steps you should take to gain […]
These days a number of individuals and especially families are facing to pay debt that they have accrued over the years. Even tough the unemployment is easing up on many families, it is still hard to pay off debt and thereby to put food on the table. Debt is a toxin the effect of which […]
As I have said many times, there are good debts and bad debts. When you borrow capital to buy a home for your family, traditionally that’s considered good debt. The real estate market in many neighborhoods is still down. This might be a good time to invest in real estate if you can afford it. […]
What do you do if you cannot afford to pay your debts? If you live in the USA you might start a debt management program. If your debt problems are really serious, you might even think about bankruptcy. In reality, how useful and user-friendly are these debt solutions? You will not be surprised to learn […]
For decades, Americans have been borrowing and spending more than they could afford. That has always been the American way on a par with apple pie, Chevrolet, ballpark and hot dogs. Folks had included “spending more than they made” in their minds for quite sometimes. When you borrow or rent money, you must have figured […]
If you own or manage a small or medium-sized business, chances are you have felt your fair share of cash crunch situations. It can be a tough place to be in. When you have a cash crunch, you might have to make some hard decisions you would rather not have to make. Funding Your Operations […]
Follow perfection and simplicity in your personal finances. Antoine de Saint-Exupery, the French writer and aviator once said: “A designer knows he has achieved perfection not when there is nothing left to add, but when there is nothing left to take away.” You can similarly strive for perfection in spending less and saving more. Don’t […]
Most people will find themselves in a tight financial situation at some point. When this happens to you, you may find yourself with minimal available cash to use for important needs. However, you may have equity available in your property that you can tap into. Essentially, you have assets available, but they are not liquid. […]
If you are like most people, it can be a long stretch from payday to payday. If you get paid bi-weekly, the last few days of waiting for your paycheck can feel like an eternity. That is without any surprise added expenses popping up. When something unexpected happens, that adds even more stress to an […]
Can I afford a house with a water view or with a park view? How much money do I have to put down? What is amortization? What’s a good interest rate? What forms do I need? What do FHA and LTT stand for? Getting a mortgage for the first time always leads to confusion. Most […]
