Personal debt continues to be a major issue in the lives of millions of Americans today. Here are the top 8 warning signs that you or someone you know might be carrying too much personal debt.Danger signal 1Your credit card expenses increase while your income is the same or decreasing. When this happens stop using your cards and manage on whatever cash you have available. Stop when the cash is finished unless there is a great emergency - do not...more
Debt is something that so many of us have to be concerned about daily and it is time that people start taking full responsibility for their own actions and learn more about how your debt is going to affect your future. Debt can totally destroy your financial security now and later on in life, so why are you still not doing anything to try and improve your current detrimental situation? Find out some different things that you can do by reading...more
Get Rid of Bad Debt With less than a month to go before the New Year we continue last week's theme – how do we get in good financial shape for 2011 and what tips should we follow to help us get there? A week ago we talked about the importance of budgeting. This week we ask what is more important – to save or to clear debts?As with most things in life it is best to start with a full and realistic audit of your financial position. Most of us find that our debt position is uncomfortable but, absent an honest appraisal, we are reluctant to admit it. We have good jobs, good tax free salaries here and Dubai is well into a turn around from the low point of last year. Everything is rosy, debt provides a short cut to things we need and there will be no problem in supporting it.But unless debt is contained we can find it spiralling out of control and unless debt is contained we can't even begin to think of saving and saving is ultimately what we must all do to provide for our future.So what level of debt can we handle and what is good and bad debt? As a very coarse rule of thumb no more than a third of our monthly income should go to supporting debt repayments (both capital and...more
Debts piling up? Afraid you may have to declare bankruptcy to get away from the burden? Fortunately, there are healthier alternatives to your sanity and your credit rating. An Individual Voluntary Arrangement, or IVA, has many advantages that can help you get out of debt while also maintaining your reputation and your credibility as a business...more
Understanding the Psychological Effects of Debts Stress is a common term that all people are familiar with. According to psychological researches, one of the biggest causes of stress is financial worry. This is not surprising, considering the waning value of the dollar plus the emergency financial situations. Almost all Americans own a...more
Common Drawbacks in Eliminating Debt At a certain point in everybody's life, borrowing money seems to be the easiest way out of an emergency financial crisis. Loans can be a great help in sustaining major financial concerns like education, vehicle, or home purchases. Applying for a loan is easier when one has work and paydays to look forward to. However, when payday loans get unchecked or unmonitored, you might get trapped in debt for the rest of your life. All cash advance payday loans have due dates set before the contract is signed by both parties. Failure to pay on or before the due date does not only lead you to a longer timeline of payment, but to an increasing amount of debt as well. Late payments of your cash advance loans lead to incurring penalties and interests that add up to your loan amount. The borrower's awareness to the interest rates of the incurred cash advance loans is vital. Interest rates vary according depending on the lender and the amount of money borrowed. When paying loans, it is more sensible to prioritize loans with higher interest rates. Allocate more money to pay for these loans until it gets down and then start with the next on the list...more
Eliminate Unsecured Debts - Ways to Get Out Of Debt Easily and Quickly When consumers are no longer capable of buying the government must be alarmed. Government spending, investments and other factors in a national economy will grind to a halt...more
For most people, it happens quickly: One day, they're efficiently managing their finances, and seemingly the next, they're drowning in debt that they simply cannot afford to repay. Does this sound familiar to you?For people who find themselves with...more
After leaving my office on a Friday night, I went down to an eating place in order to meet with two or three friends. During that meeting, a couple of my friends made comment on how I had been starting to show my age. Even though they were like...more
Shopping addict is someone who is suffering from shopping addiction. Such people love to go for shopping, and they spend a lot on the shopping. It is important to adopt the habits of saving, and spending habits should be within limits, just as,...more
This article explains how to make amazing online purchase. It covers the following information: choosing an object, learning how to find an appropriate store, and choosing the right item.The information in this article is written for either the...more
Debt Solution - Financially Attractive Debt Solutions Offered by President Obama According to a 2009 report, around 78% American families possessed at least one credit card by the fall of 2008. The report stated that the total credit card debt...more