Ever since my daughter was able to make decisions, I’ve been consciously grooming her for a full life. A life of success, happiness and wealth. I’m a strong believer that, it’s the choices we make every day that will determine our outcomes in life, and setting her up for making great choices is extremely important.…
You carry a balance, and make just minimum payments every month Carrying a credit card balance, and just making a minimum payment is expensive. You often pay 5 times more than the cost of the purchase. So if you thought it was a good idea to but that new big screen TV on your credit…
To get debt free, think differently! Debt is just a math problem, if you change the equation, you can change the result. To change the equation, you need to modify how you think about money. Take a look at these common beliefs that keep some people in debt. 1. Debt is normal. everyone has it!…
Paying off your credit card debt could take months, years, or even never. It really depends on how much you are paying against the credit card each month, and what the interest rate is. One factor that determines your interest is whether or not you made purchases on your credit card, or if you used…
Equifax, Trans Union, and Experian credit bureaus will tell you, anything in or above the 700 range is considered a good credit score. As your credit score gets higher, it generally means the more credit worthy you are, and the higher pre-authorized credit limits you will receive. Also, depending on how much credit you are…
It’s an interesting question because I came across an article the other day, and someone was asking how they were ever going to meet someone, or even get up enough courage to look for someone, when they have $100,000.00 in debt. It could potentially take years for them to reach the income level in order to…
The simple answer is yes you can, but there are so many reasons you should never pay of a credit card with another credit card. I have a friend, who I consider my best friend, and he is in his 70’s. In the past, we have had many conversations around debt, and specifically credit card…
Canceling a credit card is a simple process. You need to call the credit card company, and advise them that you would like to cancel your card. The credit card company will ask all sorts of questions, as to why you want to do this, and they’ll probably try to convince you to keep using…
Collection agencies can be used in many ways by creditors in an attempt to collect debt on their behalf. One way is called is called 1st party collections. This is where a collection agency will be asked to collect money on behalf of a creditor, but you would never know this, as they will be…
This is an interesting question as the word debtor rarely ever comes up in any conversation. You will hear this term more often than not, in collection agencies, when you are speaking to bill collectors. This is one way they can belittle you and make you feel like bad about your money situation, and basically not…
