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






How to Not Let Debt Ghost Haunt You Forever

Wednesday, July 18, 2012, 2:00 AM | 1 Comment

When debt gets to be too old, it becomes a ghost. Don’t let it haunt you for the rest of your life. Depending on what state you live in, the statute of limitations (SOL) is between 3 to 10 years except Kentucky where it’s 15 years. When SOL expires on your debt, don’t let the […]

When There Is Credit, There Is Debt

Friday, July 13, 2012, 2:00 AM | 1 Comment

The statement – when there is credit, there is debt – cannot be 100% correct. There are folks – very few I might add – who get credit but still they don’t carry debt. And the reason is they pay their debt on time before the due date, excluding mortgage monthly payment. That I believe […]

America Has Gone Crazy Over Student Loans

Monday, July 9, 2012, 2:00 AM | 5 Comments

A story in the New York Times dot Com begins as: “Kelsey Griffith graduates on Sunday from Ohio Northern University. To start paying off her $120,000 in student debt, she is already working two restaurant jobs and will soon give up her apartment here to live with her parents.” Her mother, who co-signed on the […]

3 Tips How To Reduce Rising Fees On Your Bank Account

Saturday, December 17, 2011, 2:00 AM | 2 Comments

Banks received big cash when the bailout money worth billions were distributed among financial institutions. Still, the banking industry’s hunger for more money has not diminished. This time, they want your money – directly out of your pocket. Here are 3 tips how to reduce banks rising fees on your account: Eliminate ATM fees The […]

Deeply In Debt Leads To Deeply In Worry

Friday, May 27, 2011, 2:00 AM | 1 Comment

I was looking for news about personal finances when I came across a story in the New York Times. The link to the original story is given at the end of the post. Before you read the story, I want you to imagine this scenario. It is purely hypothetical. It is only textbook talk. It […]

Find Your Purpose In Life And Be Debt Free

Friday, April 8, 2011, 2:00 AM | 1 Comment

Find your purpose in life, follow it and be debt free for the rest of your natural life. If you are in debt and some are up to their neck, more like drowning in debt, you probably have given advice to others how to get out of debt. You believe others can get out of […]

I’m Finally Out Of Debt – Now What?

Sunday, April 3, 2011, 2:00 AM | Leave Comment

Congratulations on becoming debt free! You let out a big sigh of relief as you make your final and last payment to the creditor. You never thought you would make it this far and you now wake up every morning without thinking of which bills to pay. It’s certainly a great feeling to finally become […]

Understand American Debt Nightmare

Monday, March 7, 2011, 3:00 PM | Leave Comment

Doing research for my blog, I came across an article on MSNBC dot Com that was updated 10/14/2008. It’s more than two years old but in some respect it holds true even today. The title is “American debt nightmare ends easy credit era.” Experts say crisis could spark shift away from maxing out credit cards. […]

Debt Management Plan Helps You Lead A Stress Free Life

Thursday, October 21, 2010, 3:16 AM | 1 Comment

If you have multiple unsecured debts like credit card debts, personal loans, store cards, etc, and you are having problems in managing all of these, you can take help of a Debt Management Plan (DMP). Debt management plan helps you in paying off your debts and reestablish good credit. What is DMP? A debt management […]

Tips When To File For Bankruptcy

Friday, October 1, 2010, 10:40 AM | 4 Comments

It used to be a big shame to file for bankruptcy. You couldn’t even get out of the house for days lest your neighbors would point a finger at you. You would keep your head lower if you were brave enough to get out and walk in the neighborhood. These days it is still a […]