If you’re swamped in debt and don’t know where to start, check out these first 10 steps. No matter how much debt you have, these will help you get on the path to being debt free:
Make a Budget
Without assessing your current level of debt and bills, you won’t have a clear picture of where you [...]
If you have a credit card, you have almost suredly received some balance transfer or “convenience” checks from your credit card company. These checks are often marketed with credit limit increases to get the borrower to put more debt on their card.
You have to be careful with these offers as there are usually strings attached. [...]
There are three credit reporting agencies: Equifax, TransUnion and Experian. When you borrow money, your lenders report to one or more of these agencies and those reports help determine your FICO Score.
Your FICO score is a representation of your credit based on past debt. Lenders use your FICO score to help them determine whether to [...]
I work about 7 miles from my home, so going home for lunch is not really an option. I used to use that as an excuse to eat out every day. When we started working on a budget, I had to seriously think about how much money I was spending eating out every day (or [...]
I’m getting out of debt! No, I don’t have bill collectors hounding me. We haven’t had a car repossessed. We can afford our monthly payments and then some.
So why, you ask, am I hell bent on getting out of debt? Think about it for a minute. We have a mortgage at a great interest rate [...]