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.
Better Business Bureau Warns Against Online Payday Lenders
Thu Mar 4, 2010 | | Posted in Debt
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 »
Tips to tame the debt beast in our personal lives
Fri Jan 22, 2010 | | Posted in Debt
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 »
Student loans and non profit debt consolidation companies
Mon Jan 18, 2010 | | Posted in Debt
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 »
Your credit-card debt may partially be in your genes
Fri Nov 13, 2009 | | Posted in Debt
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 »
Hey buddy! Can you spare $15 billion? I mean $15B more
Tue Nov 10, 2009 | | Posted in Debt
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 »
Debt consolidation will fail if you don’t change your mindset
Mon Oct 5, 2009 | | Posted in Debt
Recently, the advertisements about debt consolidation has been on an upward spiral. All media carry them. Even some companies are advertising on billboards along the highways of this great nation of ours. Debt consolidation will fail if you don’t change your mindset; if you don’t change your financial lifestyle. Nobody can help you except you. … Continue Reading »
5 Steps to deal with debt by Mitchell Allen
Sat Aug 29, 2009 | | Posted in Debt
Debt is humongous problems for many folks. Sometimes they just can’t afford to pay more than the minimum. So the debt keeps piling up month after month. Personal debt can become a nightmare. There is huge cost to it not only financial but emotional as well. But the sooner you face the problem, the sooner … Continue Reading »
Consumer debt is consistent with bankruptcy filings
Mon Aug 10, 2009 | | Posted in Debt
Research by the Federal Reserve indicates that household debt is at a record high relative to disposable income. Some analysts are concerned that this unprecedented level of debt might pose a risk to the financial health of American households. A high level of indebtedness among households could lead to increased household delinquencies and bankruptcies, which … Continue Reading »
Money may be right under your nose if you want to borrow
Wed Aug 5, 2009 | | Posted in Debt
Banks have tightened their grip on borrowing money for mortgages, small businesses, canceling home equity loans and cutting borrowing limits on credit cards. Traditionally, folks also borrowed from family and friends even though at a smaller rate. Time may be just right to take a different direction. Borrowing from relatives is as old as the … Continue Reading »
When there is credit, there is debt
Thu Jul 30, 2009 | | Posted in Debt
That statement cannot be 100% correct. There are folks – very few I might add – who get credit but still they are not in debt. And the reason is they pay their debt on time before the due date, excluding mortgage monthly payment because that I believe is, conceptually, good debt. That directly affects … Continue Reading »
