As anyone who has ever watched their bank account balance decline after paying bills knows, owing money is no fun. But debt often serves an important function in people’s lives, putting things that can cost tens of thousands of dollars or more—a college degree, a starter home—within reach. Such cases aren’t quite the same as …
Question: Dear Steve, I had great credit until I had a baby, then I was in a financial bind and became in bad debt with my credit cards (all 8) became maxed out and no way to pay it all back with out accumulating more and more interest. I was pretty much cornered into doing …
I didn’t tell Gerri Detweiler that I was going to purchase her book and secretly read it. I knew she would have sent me a free copy if I had asked but I didn’t want our friendship to cloud my review of her new book “Stop Debt Collectors: How to Protect Your Rights and Resolve …
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. …
Credit cards face bad debt SunJournal.com, ME – 1 hour ago Asked in a recent TV interview if credit card debt would be "the next shoe to drop" for the banking industry, Lewis replied: "It, in some ways, already is," …
“Dear Steve, I am self employed and have lost an important account. I now cannot pay the minimum on my American Express card, which is $2,000.00. If I pay them I can’t pay my other expenses. Have you any ideas ?” Dear ML, Ouch! I know how much it hurts to lose a major account …