Is Debt Just A Fact Of Life For The Current Generation?
June 25, 2008
I was reading an interesting story from the Metro Active website called Generation Debt and it really struck a chord.
Rance Robo, the person profiled in the article, got his first credit card in University and proceeded to ring up thousands of dollars in debt, which he’s still fighting to pay off at 30 years old.
Even Celebrities Get In Over Their Heads
June 24, 2008
You think your credit card debt is bad?
Try juggling $750,000 in credit card balances, which is what Ed McMahon (of The Tonight Show fame) is reported to be dealing with.
It’s easy to think it’s all relative - he’s got lots more money, so it’s natural he’s dealing with more debt. The percentages all wash out in the end.
How Procrastination Costs You Money
June 17, 2008
How many times have you put something off until the last minute, and then had to spend more money as a result?
Maybe you waited until it was really close to your travel date to book your airline ticket.
Or maybe you waited until the summer had arrived to buy new lawn furniture.
Or perhaps you waited until the last minute to do your Christmas shopping.
There are all kinds of ways that people procrastinate when it comes to purchases, and in many cases you’re going to wind up spending more money closer to the “due date”.
How To Make An Extra $50 Payment On Your Credit Card This Month
June 16, 2008
Did you know that if you only make the minimum payments on your credit card bill each month, it can take you over 10 years to get your card paid off?
And you’ll wind up paying 3 or 4 times the price for everything you bought on that card by the time you add up all the interest?
Making the minimum payments is financial suicide.
Whatever it takes, you should always pay as much more than the minimum payment as you can.
What if I told you that you could make an extra $50 payment at the end of this month, on whichever credit card you want?
Here’s the secret:
Credit Card Warnings: Two Cycle Billing
June 13, 2008
One of the ways that some credit card companies squeeze every possible cent of interest out of you is two-cycle billing.
The way this works is the interest is calculated based on two billing cycles instead of the more common single cycle.
If you don’t pay off your balance in full by the due date, the interest on those purchases gets back-dated to the original purchase date.
Thinking About Debt Consolidation To Pay Off Your Credit Cards?
June 12, 2008
I just finished putting together a special report about debt consolidation.
If you’re thinking about debt consolidation as a way of getting your debt paid off faster, there are some things you should know first - consolidation isn’t always the best option.
You can get more information about my Debt Consolidation Tactics report here:
Life Without Credit Cards
June 10, 2008
Does the thought of life without credit cards make you cringe? If the credit card companies suddenly ceased to exist, how would it affect your life?
Would you be able to go about your days with few or no hassles, or would your life as you know it fall apart?
Credit cards have their uses, and in today’s age of ordering things online and over the phone, they’re practically a necessity.
How To Stop Impulse Buying
June 9, 2008
The No Credit Needed blog has a great post about how to stop yourself from impulse buying:
The $100-A-Day-Rule Prevents Impulse Buying
If you struggle with buying things on credit when you really can’t afford them, it can lead to serious debt problems down the road (believe me, I speak from experience!)
How Unsecured Loans Help With Credit Repair
June 6, 2008
Need that extra cash? But you’re having doubts concerning your bad credit ratings? You can be relieved of such a predicament with latest developments in the loan markets. Having a poor credit rating is no more considered as the end of the world. You can now get unsecured loans, specially tailored to suit people with bad credit ratings.
These unsecure loans are designated for people with bad credit who do not have any collateral or other means of security. There are many new, flexibly designed loans for people who lack property or valuable assets to hold up in order to secure a loan, as normal loans require.
