Category: Debt

Debt Got You Down?

Jamie
Debt can be a huge drain on your ability to gain any ground in life. There are many different reasons that people go into debt. Maybe the financial climate has hit you hard or maybe you are simply trying to pay back student loans. No matter the cause, if you are in debt your number one goal should be to eliminate it. However, you might want to tackle your debt differently depending on the type of debt and the circumstances of your unique situation. So where are you in your financial game? Are you coming along well but you feel...

Debt Relief Options: The Series

Jamie
Misery Loves Company  If you are finding it difficult to pay your bills these day, know that you are not alone. If you are worried about your home being foreclosed or your automobile being repossessed, millions of your fellow Americans are in the same boat. Most people face financial troubles at some point in their lives. The reason can range from losing your job, a serious illness in the family or simply reckless spending. Although owing a lot of money can seem overwhelming, there are steps you can take for debt relief. If you take proper action right now, your financial picture...

Tips to Deal With Creditor Phone Harassment

Jamie
If your creditor has sold your debt to a 3rd party debt collector, you are undoubtedly going to be contacted by phone. Debt collectors can be ruthless in their efforts to secure the money owed to them, continuously calling and using various threats to do so. Some debtors opt to ignore these harassing phone calls, but that is almost never the best course of action to take, even if the calls are aggressive and uncomfortable. What is the best way to deal with phone harassment about my debts? Determine if the Debt is Yours The first thing you have to...

Bill Harassment, What are your rights?

Jamie
I thought I would write a little bit about getting behind on credit card payments or other bills that you owe. There will probably be a mini series on dealing with creditors and what you should do if they come knocking.  There is no promotional material within these posts, it is just something that many of us deal with on a daily basis and can cause undue stress on relationships.  Thankfully my wife and I have not had to endure any of these tactics by creditors, but others are not so lucky. If you get too far behind on some...

How to recognize the tell-tale signs of debt, and how to get out of it

Jamie
With so many different ways to borrow money, from credit cards to loans, it is very easy to land yourself in debt without even realising it. Reckless spending, living beyond your means or failing to read the small print isn’t wise, so it’s essential to avoid debt that will be difficult to clear. If you have credit cards, loans or any other form of borrowing, you should be keeping a close eye on your finances. If you’re in debt, you need to know that you’re in debt and by how much. So many people with debt problems run away from...

Personal finance rules – Don’t let money control you

Jamie
Are you someone who is not being able to keep your debts under control due to the lack of funds at your disposal? With the sluggish job market growth and the lack of money in the hands of the consumers, an increasingly large number of people are not being able to control their funds as they’re spiraling out of control. Managing your personal finances is certainly an intimidating task but when you have too many debt obligations to handle, personal finance management becomes a necessity. There are personal finance tips that you need to follow and if you’re not aware...

The UK Embraces Credit Cards

Jamie
The amount we Brits spend on our credit cards is increasing. That’s according to new statistics released by the British Banking Association, who have revealed that £7.1 billion was spent on our cards during the month of October in this country – that’s an increase of over 5 per cent compared to the same month in the previous year. Better At Handling Our Credit Cards? The good news is that we’re getting much better at handling our plastic than ever before too – to go with increased use by British people, the amount of debt has gone down. Even though...

Poor Background Students: Are They Benefitting From Increased UK Tuition Fees?

Jamie
The majority of undergraduate students in the UK have recently been hit by massive rise in UK tuition fees, but aside from cash-strapped universities receiving more income, it seems that there are other beneficiaries from the government’s controversial move. Poorer Pay Less in UK Tuition Fees According To Study According to a study by the Institute for Fiscal Studies (IFS), since tuition fees were first raised back in 2006, the gap between richer and poorer students attending university has narrowed significantly. This suggests that more working-class youngsters are taking the risk of studying for a degree, but why? Since the...

Debt Consolidation – Is it right for you?

Jamie
There are many different ways to approach dealing with debt problems. For each person, it will be down to their individual circumstances and the amount they owe which path they choose when working to clear their debts. One option that you hear a lot about is debt consolidation. This is where a number of unsecured debts can be paid off at a stroke by taking out a new, larger loan that will cover all the smaller debts. This is a debt consolidation loan and is one way to manage debt. Benefits of Debt Consolidation Debt consolidation can add clarity to...

Manage Debt Before It Manages You

Jamie
The old saying goes that debt has its way of creeping up on us without us really even knowing it and this post will be about how to manage debt.  Now a days we are so quick to pull out our credit card or debit card to make a purchase.  To manage debt we need to really look close at what we are spending our money on and really track it. It is important to keep debt at reasonable and manageable levels or we could end up incurring high interest rate charges. Even worse having barely enough money to pay...