Get Out of Debt

As your favorite get out of debt squirrel I’m torn sometimes between helping people to find good sources of cash for debt consolidation loans and just giving sensible advice. I’m always concerned that people will do incredibly stupid things, like get a debt consolidation loan and then jump right back in to building up debt again since with the debt consolidation loan they will have lowered their monthly payments and reduced the stress they are feeling now.

The advice I’m giving you here makes … Continue Reading

I chuckle when I hear people talking about how much their bank or credit card cares about them. They might care but they certainly don’t want you to do something stupid like get out of debt.

There is no profit your bank can make off of you when you are not in debt. And the system is designed to not benefit people that live debt free lives. Think about these points:

Credit Report and Credit Score - Your credit report is less attractive when you don’t have debt. Unless there is current information being reported about how well you handle using credit, … Continue Reading