Many people now use credit cards to make a large percentage of their purchases. A lot of credit cardholders are not able to pay off their balances every month and as a result there is a large outstanding balance on the credit card. Credit cards can have very high interest rates that add substantial … [Read more...]
The Worst Credit Cards Available
May 27, 2011 By Leave a Comment
If you're trying to get out of debt you may not be interested in credit cards-- but according to CardHub if you've got one of these babies in your wallet getting out of debt may be an even more difficult uphill battle. That's because they charge the highest interest rates, the biggest fees and have the … [Read more...]
Debt Consolidation – Pointers Before Signing Up
October 13, 2010 By Leave a Comment
One of the best methods of solving debt problems is debt consolidation. There are many advantages for a debtor if he undergoes the process. However, it could end up in an even worse situation for the debtor if the process is not managed properly. There are certain pointers to take note when undergoing … [Read more...]
Banks Considering Offering Payday Loans
July 23, 2010 By Leave a Comment
In a somewhat surprising move, banks are considering expanding their loan offerings to include payday loans. It is surprising because companies offering this type of loan have been under scrutiny and a lot of criticism for charging exorbitant interest rates for payday and Refund Anticipation Loans (RALs). … [Read more...]
Predatory Lending Leads to Foreclosures
March 10, 2010 By Leave a Comment
As more and more consumers face foreclosure there are disturbing stories coming to light. It seems that some people are losing their homes after agreeing to a series of refinancing arrangements that were almost sure to lead to eventual eviction. … [Read more...]
Be Wary of Debt Consolidation
January 17, 2010 By 1 Comment
“Debt consolidation” almost seem like magical words because they imply rolling debt into one manageable total with an affordable payment. But is that always true? The answer is: maybe. … [Read more...]
Credit Card Debt Becoming Big Problem
November 4, 2009 By 2 Comments
Most people know that credit card debt can seriously hurt a consumer’s financial situation and credit rating, but now, it seems that even the credit card companies themselves are suffering from the staggering amount of money that is owed to them in the form of consumer debt. … [Read more...]
Don’t Delay Your Savings
April 16, 2009 By Leave a Comment
Handling your financial matters involves a lot of personal responsibility. Even if you make enough to cover your bills, you should aim to optimize your expenses so that you play less towards the things that matter on a daily basis. Less expense means more money, and that's something that should go towards … [Read more...]