Like nails on a blackboard, the mere mention of this notion that there is good debt and bad debt, irritates me. Debt is debt. So I was reading this article on a law enforcement site about debt faced by police officers and it was trying to rationalize the old good debt versus bad debt argument. … Read more
It never surprises me anymore to hear the silly things that people do to get out of debt. It easily ranges from outright theft, embezzlement, credit fraud, identity theft, etc. But it does always surprises me to hear people say they are so paranoid about identity theft that they refuse to use a credit card … Read more
She and her husband are working diligently to get out of debt . They want to direct as much money as possible to digging out of their hole, but at this point they are also trying to keep their heads above water. I am not an authority [. …
The real world can never understand how much pressure a credit counselor, debt counselor or housing counselor deals with on a daily basis. Allowing your work to invade your walls is easy to do. Those of us who care can find ourselves worrying about the people that turn to us for help and not letting … Read more
Foreclosures are increasing nationwide, and so are scams that promise to “rescue” homeowners from foreclosure. What these scams do is take your money, ruin your credit record, and wipe out any equity you have in your home. Foreclosure con artists take advantage of people who have fallen behind on their mortgages and face foreclosure. Con … Read more
According to the Federal Reserve, con-artists have unleashed a new scam aimed at consumers in financial trouble or desperate for a loan. The Federal Reserve Board on Tuesday alerted the public to instances of questionable solicitations directed at consumers. These solicitations promise consumers access to personal loans through a nonexistent Federal Reserve lending program. Under … Read more
I don’t know what you’ll think of these videos but I thought they were very funny to watch. Or maybe some of this might hit too close to home for you. If it does, I’m here to help. Let me know what you think. The debt video of the year award should go to the … Read more
I came across this article below, purely by accident, but then again maybe it was more of a divine on purpose? Who knows. Talking to your kids about debt when you are living though problems has always been something I feel is very important. from wikiHow – The How to Manual That You Can Edit … Read more
Another bleak sign that consumers are slipping. I hope people are not going to face as bad of a 2009 as it is looking but the reality is, they might. I’ve been talking about credit card companies closing down credit limits, consumers using their credit cards more to pay for routine expenses and holiday shopping … Read more
Sears, Home Depot May Lose 8% of Holiday Sales on Credit Limits Bloomberg – 5 minutes ago Outstanding credit-card debt has risen 75 percent since 1999, while real wages have grown 4 percent in the same period, according to a report last month by …
Last week I wrote an article Banks Agree to Wipe Out Up to 40 Percent of Credit Card Debt But Watch Out but more information has come to light since then. While consumer advocates are happy about the possibility of getting banks to write off as much as 40% of the debt in order to … Read more
Yesterday I wrote about a little old hardware store that had noticed an increase in card purchases over cash. That’s not a good sign if people are using plastic more for routine things and especially in this environment of credit card issuers reducing credit limits, raising interest rates and closing cards. You see, the credit … Read more
It is still a bit of a buzz but it is worth mentioning. Apparently Kazkommertsbank in Kazakhstan is getting ready to roll out a MasterCard with a diamond embedded in it with gold trim on the card. Last November I wrote a story about the manufacturer of the card if you want to know more … Read more
Next big worry: Credit cards The News Journal, DE – 1 hour ago In past years, consumers looking to get out from under credit card debt tapped into home equity, refinancing mortgages to get their hands on cash to pay off …
Here's some financial advice you can really use: keep spending Ottawa Citizen, Canada – 22 minutes ago Don't pile up credit card debt , they say. Live within your means. Take any job to bring in some money, even if it means bagging groceries. …