Man lives in the sunlit world of what he believes to be reality. But… there is, unseen by most, an underworld, a phenomenon that is just as real, but not as brightly lit…Tales from the Darkside? Nope! Tales from the Debtside.
Debt is the toxin that feeds fear and fear is the toxin that feeds debt.
Millions of folks overspend seemingly with no reason at all. However, psychiatrists and other social scientists tell us that there are always some reasons behind overspending, overeating and over everything else. Especially those who cannot even afford will go out on a spending spree. In that case, it’s just pathetic that we spend more than … Continue Reading »
Many folks gets multiple credit cards and start purchasing things whether they need them or not. Quite a few consumers, some surveys suggest more than 10% of all consumers – buy things they don’t need. Some of them spend even if they can’t afford but because their friends spend. The problem of credit cards debt … Continue Reading »
Federal Trade Commission finally realized that the process for debt collection is wrong, immoral and highly unethical. [The three words are mine and not those of FTC.] On its July 12, 2010 blog post, FTC has used the words “some concerns with debt collection litigation and arbitration.” It also said it needs more data [and … Continue Reading »
When I make $2 and spend $3, then I force myself with my spending habits to borrow the $1 that I need to make up for my financial deficiency. So I am $1 in debt for every $3 that I spend with my $2 income that stays the same for a long time. Before I … Continue Reading »
Benjamin Franklin once said “Make no expense but to do good to others or yourself; i.e., waste nothing.” He also said that – and has been quoted differently in his words – “Death, taxes and childbirth! There’s never any convenient time for any of them.” In computer and Internet jargon, death comes when you are … Continue Reading »
In these bad times, if you are like millions of folks and are living with seemingly permanent debt that without some external force, either on your own or an outside helping hand, will remain with you for the rest of your life and beyond. After you are “deleted” from the surface of the earth one … Continue Reading »
For some folks [read millions] who are carrying huge debts under their belt, extreme measures may be necessary in their financial life to start the long journey of getting out of debt. Blogs after blogs about debt have been published, books have been in the store collecting dust [and debt in the form of inventory … Continue Reading »
The biggest unsecured debt that Americans carry under their belt comes from credit card. And the reason is that most folks make only the minimum payment or just over it. Over a few years, that kind of debt balloons to mostly unregulated stratosphere. Instead you must act like FTC, SEC, and other government agencies to … Continue Reading »
When you need a large sum of cash quickly, then don’t pull out your high interest-rate credit card as your first option. There are other ways to get cash and a lot less expensive. There are some finance experts who would argue against and others would be in favor. Do your Math yourself which method … Continue Reading »
Experian, the credit rating agency, on May 13 2010, released a list of 20 cities where their residents carry the most personal debt as of March 2010. To come up with its list of 20 cities, the agency took a statistical sampling of customers from its credit rating database in each metropolitan area. Researchers then … Continue Reading »
