FP | August 25, 2010
I often find my clients paying the minimum on their credit card balances. Some of these people are in a situation where they can not afford to pay more, but some would be able to pay the full balance, but they choose not to because they don’t really understand how accumulated debt works. Why is [...]
Category: Financial Knowledge, Money Management |
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Tags: Credit Cards, Debt Elimination, Manage Debt, Personal Finance
FP | December 9, 2009
The holiday shopping season has been in full swing for several weeks, and everywhere, consumers are struggling with how to avoid impulse buys and avoid adding to their debt load. Every year you hear over and over again the how to: stay on a budget, keep a list, check the list again, and sleep on [...]
Category: Debt Elimination, Financial Budget, Financial Plan, How to get out of debt, Money Management, Money Mistakes, Spending Plan |
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Tags: Christmas Season, Credit Cards, Debt Elimination, Emotional Spending, Financial Budget, Financial Plan, Holiday Season, Holiday Spending, Personal Finance
FP | March 16, 2009
Before I go into more details about what’s the difference between debt consolidation and debt elimination I would like to get to the core of the problem. Some facts about debt: The debt-to-income ratio in the second quarter of 2008 continued to climb, reaching 130.9%. Now this is dumb! But what does this mean? For [...]
Category: Debt Elimination, Debt consolidation |
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Tags: Credit Cards, Debt, Debt consolidation, Debt Elimination, How to get out of debt, Strategy to eliminate credit card debt
FP | March 14, 2009
Debt Consolidation:multiple debt or credit lines and consolidating them into one new payoff plan. Frequently, this is a consolidation loan, provided to consolidate debts into one loan with one payment, typically shifting credit card debts to secured debt by refinancing a mortgage. It could also refer to a credit counseling or debt settlement program. Debt [...]
Category: Debt Elimination, Debt consolidation, Financial Plan, How to get out of debt |
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Tags: Add new tag, Credit Cards, Debt consolidation, Financial Plan