There are three heavily advertised ways to find help to dig out of debt: credit counseling, debt settlement and bankruptcy. Which is best? Let's find out, starting with a closer lo
by: Stacy Johnson | channel: Budgeting, Consumer Affairs, Credit Cards, Debt Management
People who have a natural aversion to debt often wonder how some people get themselves into such terrible problems with debt. Don't they know how much it costs? Don't they understa
by: Philip Brewer | channel: Personal Finance, Debt Management
This post was prompted by a reader question, but it's an issue that many people face—we see versions of it all the time in the forums.
Before we can tackle our debt problems, we need to know from where we are starting.
by: Adam Baker | channel: Debt Management
We're a nation of borrowers. This reality is quite well illustrated by the personal stories and profiles covered by various media publications on the subject of consumer debt. Rec
by: Silicon Valley Blogger | channel: Credit Cards, Debt Management
Society has been organized to make the wage slave/debt slave trap the default path for almost everyone.
by: Philip Brewer | channel: Personal Finance, Career and Income, Debt Management
If you've got a lot of loans under your belt, you'll want to make sure that you're able to manage them well, or risk wrecking your credit by making a late payment somewhere. Deali
The most simple-minded measure of your standard of living is how much money you spend: spending more equals living better. Reality is more complex. There are a lot of ways to li
by: Philip Brewer | channel: Debt Management, Lifestyle
Everyone loves talking about getting out of debt. It's easy to imagine the benefits. The trick is realizing that this lifestyle is actually attainable. It's a very real choice.
The most credit savvy among us have been able to use credit cards to their benefit in order to wisely and optimally save money even while charging on their cards. If you are carefu
Debt limits freedom. It's as simple as that. The process of getting out of debt first starts with acknowledging that it really is a problem. This simple act will radically impro
by: Adam Baker | channel: Personal Finance, Debt Management
This article has its roots in an article I wrote some time ago that used the terms wage slave and debt peonage—terms that some people objected to. Those making free choices aren't
by: Philip Brewer | channel: Personal Finance, Frugal Living, Debt Management
One of the most common questions over on the Wise Bread forum is some variation on, "I have $X in savings but $Y in credit card debt. Should I use the savings to pay down the debt?
I try hard not to carry a credit card balance, but I know a few people who ignore the fact that their balance is building up to unmanageable levels. I personally feel that it's har
Preventing a collapse of the financial system is part of preventing a depression. However, the shorthand term for this--getting the banks able and willing to lend--is misleading.
by: Philip Brewer | channel: Personal Finance, Frugal Living, Debt Management, Financial News
Starting a business can easily become a money pit. So for those of you thinking about launching a new venture, what financing options do you have? Well, there's the possibility
by: Silicon Valley Blogger | channel: Debt Management, Entrepreneurship
Credit cards are fun for the whole family, until the bills start rolling in and you are expected to hand over your hard-earned money for the stuff you bought on plastic. In this we
by: Andrea Karim | channel: Personal Finance, Debt Management
We're subjected to constant barrage of unhelpful advice to the effect that what the economy needs is more spending. (The stimulus program is one piece of this.) It's kind of unde
by: Philip Brewer | channel: Frugal Living, Consumer Affairs, Debt Management
The economic stimulus bill has been hotly debated, not just in Congress but also on Main Street. Now that we know what will be getting funding from this package, many are wondering
by: Silicon Valley Blogger | channel: Personal Finance, Debt Management
On Friday both the House and the Senate passed a new $789 billion stimulus package as a continuation of the efforts by the United States Government to jumpstart the economy. A sig
by: Xin Lu | channel: Personal Finance, Consumer Affairs, Credit Cards, Debt Management, Taxes
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