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.
Many more folks have problem of how to get out of debt while they still have a chance and while they are still living. Everyone might have a different approach how to go about it. Each individual’s credit and debt circumstances are different. However, there are some “generic” ways to solve the debt problem. The … Continue Reading »
That’s like the age old question – the chicken or the egg? A lot has been said and commented on this subject. Who is at fault for the credit card debt? Is it the greed on the part of companies that issue the cards or the greed of freely spending consumers – otherwise known as … Continue Reading »
A new group of the Poor, the Orphans, the Destitute (POD) have been created during the last couple of years. They are the good, decent folks who have lost jobs, foreclosed on their homes, declared bankruptcy and have lost their entire livelihood. A new landscape of websites have been created to list foreclosure properties. The … Continue Reading »
If you think nothing, you are right. Who knows where our federal tax dollars go? The federal government collects taxes in order to finance various public services. “I don’t see no money being spent in my neighborhood.” Well, you might not see it, but it is being spent on something. That may be apparent to … Continue Reading »
The federal budget has three characteristics attached to it: deficit (or surplus though rarely), debt, and interest. Come to think of it, that’s exactly how family finances behave as well. There will always be debt and interest. Budget of any government in the world has these two characteristics attached to it. You can say that … Continue Reading »
Fareed Zakaria writes for Newsweek and is a commentator on CNN and has his own show on Sunday, again on CNN. He has written an article published in Newsweek on Feb 26, 2010 and has titled it “Defusing the Debt Bomb. It can be done. Here’s how.” I found it very interesting to read and … Continue Reading »
I gotta give it to you, Sue baby. More and more folks – except the bonus babies – have gone to great lengths to be debt free. Once you get in heavy debt like some folks, it would take you almost a lifetime to get out of debt. In the last two years, you paid … Continue Reading »
Because of the bad economy [what? bad economy? never heard of it], an increasing number of people, almost on a daily basis, are getting deeper and deeper in debt. Some debt is directly due to the lousy economy, mostly because of job loss and mortgage foreclosure. That debt, on the most part, is not of … Continue Reading »
It has been a year that Mr. Barack Obama took over the presidency. Now is a good time as any to do something about the debt in our personal financial lives. We, the American people, voted President Barack Obama in office, as we had done his predecessors, to do what he has to do on … Continue Reading »
If you have completed your graduation, you’ve possibly got a lot of offers for consolidating your student loans. Debt consolidation can be a useful technique to eliminate your student loan burden. It’s always important that you get a trustworthy student consolidation lender when there are so many for profit and non profit debt consolidation companies. … Continue Reading »
A new study has shed some light on the credit-card debt that many folks might carry in their jeans. Oops! I mean genes. The news relates that it’s a groundbreaking finding: that whether you carry a specific gene variant that can predict your “appetite” to rack up credit-card debt. [Some folks do have appetite for … Continue Reading »
The Federal National Mortgage Association, commonly known as Fannie Mae, has asked the U.S. Treasury for help and want $15 billion more money. I can just imagine what they would say to each other. [The minutes of their meeting have not been revealed to the public - yet.] Fannie Mae: Hey buddy, long time no … Continue Reading »
