A Personal finance blog to get rich
Where do you go to get a loan? Before you even start planning for what you’ll do with such a loan, you need to answer that question. Can you trust online lenders? Do you even stand a chance at the local bank?
You can trust some online lenders, as small businesses and individuals use them all of the time. And your bank might be more willing to work with you than you think. Still, the key differences between online and in-house might make your decision for you.
If you have debt, you’re not alone. Americans are spending more money than they make and piling on debt…mortgages, loans, and credit card debt. The Census Bureau shows the median household income at just under $60,000 a year, while the Federal Reserve says the average household has over $137,000 in debt.
Enjoy this guest post from Alan Akina!
The dream of every student who is haunted by a student loan is to pay it off as fast as possible. How exactly can you achieve that? How to Pay off a Student Loan as Fast as Possible?
What do 25-, 35-, and 45-year-olds have in common? They all are still paying off their student loans. Apparently, you can never be too old to be in debt to your alma mater in terms of your precious knowledge and financial pit.
Credit card debt is the worst type of debt. People fail to pay off credit card debt. Most of the time the debt relates to retail purchases that do not retain resale value, which is why the debt is so hard to shift, and why it builds up so fast. Credit cards usually have higher rates of interest than almost any other kind of money lend – this is another reason the amount you owe seems to rise almost faster than you can pay it back.
Today on my way back from work, on NPR radio I heard about declining credit card delinquency rate in the US, in fact, delinquency is at 7 years low right now. That was very good news for us. and a sign of recovering the economy but if you see deeper, the problem is still intact. Problem with paying only paying the minimum due amount every month.
As a parent, it is your dream and hopes that you will be able to give your children everything they need in life. It involves great sacrifice on your part and in most cases, never works out the way you plan it. Have you started saving for your child’s college education?
As things stand, almost 50% of American parents say they intend to start saving for their child’s higher education, but do not know how to go about it. Most households get torn between saving for retirement and saving for college.
There’s been a lot in the media lately about debt addiction. It’s a problem not only in America but in other parts of the world, too. Despite knowing the dangers of overspending, sometimes people can’t seem to stop creating new debt.
It’s not hard to see that many of us have too much debt – and we know it. In the wake of the Great Recession, many of us have taken steps to curb our spending and reduce our debt. But those steps are harder to take for some people. Despite knowing the dangers of overspending, they just can’t seem to stop creating new debt.
It seems as if there is a dizzying array of offers popping up all over the Internet promoting various debt consolidation companies. How do you choose the right one? You want to get out from under your mountain of debt and start spending money on the things you want instead of throwing it away on interest payments, but finding the right company seems overwhelming.
Here are 10 tips to help you pick the perfect debt consolidation company for your needs. But, first, refer to our Do it Yourself Debt Consolidation Guide. Only if you are not able to do it yourself, go for picking up the right company.
Do you feel the ground slipping from under your feet because of the huge responsibility of repaying multiple debts every month? Chronic stress and frugal fatigue became your most powerful enemies and you cannot seem to win the fight? Do you live mediocre due to the high number of debts? If you don’t feel in control of your finances and have a sense that money is running away from you then it can, as the NHS recognizes, have a big impact on your self-esteem and mental health.
If you’re struggling to clear your debts, you don’t need to suffer in silence. There are things you can do to get back control and start to tackle your money worries. Well, it seems like you have a single solution that could help you eliminate these troubles from your life.
Most people know that it’s always better to rely on their own finance but today it’s quite hard to avoid using different loan services. There are different kinds of loans and consumers use them for different purposes. For example, getting a fast loan is a way to deal with a financial emergency.
Not so many people can afford to buy a house with cash, so they get mortgages. Personal loans help dealing with both expected and unexpected expenses. Today’s lending market offers numerous opportunities for borrowing money, so let’s check the most popular lending options and figure out when it’s better to use them.
Everyone has debt. Whether you owe money for medical bills, student loans, or credit cards, debt it is normal. What isn’t normal, however, is debt collector harassment. While their calls sometimes are a minor annoyance (because no one likes getting them), other times you may fear for your safety.
In this case, these calls can be considered debt collection harassment. According to the Fair Debt Collection Practices Act, debt collectors may not do the following:
