The world revolves around credit. More and more individuals are dependent on these plastic cards for their daily survival. The problem with this is that you lose financial accountability and sound judgment over a period of time. Without credit cards in the picture, your expenditures will always be limited to one thing – how much...
Tag: debt
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The Documents You’ll Need for a Debt Settlement Arrangement
Debt Settlement Arrangements are one of three new forms of “personal insolvency” introduced in Ireland in 2013. While take-up so far has been limited, it seems likely that as the system becomes more established increasing numbers of debtors will turn to such debt deals for financial relief. They provide an opportunity to resolve serious debt...
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How Consumer Debt In The U.S. Has Affected The Recession
Among all the news about the falling stock market, corporate bailout, and lavish CEO bonuses, there’s a macroeconomic trend that’s not being discussed: consumer debt. In macroeconomic terms, consumer debt is debt that comes from the purchase of goods that are consumable and do not appreciate. A lot of economists view consumer debt as a...
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Here is what should be Your Financial Resolutions for 2014
New Year always brings lots of optimism and opportunities and there are a large number of people who consider this time of the year to be the ideal one to make resolutions about their personal life. And when it comes to your personal life you just simply can’t but think about your personal finance since...
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5 Things To Do Today If You’re Drowning In Debt
It wasn’t so long ago that I was living paycheck to paycheck. In fact, worse, with my income I was struggling to just keep up with my minimum debt repayments each month. The slightest issue could (and sometimes did) derail the whole carefully managed situation. Now, though, things are much different. I’m virtually debt-free and...
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The Truth about Counterfeiting
When most people think about the economy and commerce, whether on a local or international scale, the main issues that come to mind are things like the personal and national debt, healthcare, employment, and social security; but one huge growing issue other than those common ones that the International Chamber of Commerce faces every single...
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25 Wonderful Ways to Stay Frugal and Beat Debt
Being frugal is always a challenge. However, the positive outcomes help you lead a better life. Therefore, we should all the time maintain frugality in our life whether it is our day-to-day essentials or entertainment activities. Given below are 25 wonderful techniques to remain frugal and overcome the curse of being indebted: 1) Use coupons...
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How to Fix Your Life When You’ve Spent Wayyyyy Too Much.
Did you spend too much money this year? You can turn to debt consolidation solutions to manage your credit card bills. However, this becomes a thorny issue if you have a bad credit rating due to late or non-payment of debts. If you find yourself in just such a predicament, you should let out a...
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Avoid Bankruptcy with these Helpful Tips
The decision to file for bankruptcy should never be taken lightly and should only ever be considered as a last resort. Dealing with unmanageable debt, before it’s too late, is the key to avoiding bankruptcy. For some great tips on how to regain control of your finances, follow our guide for avoiding bankruptcy below. Devise...
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Passively Earn Money by Helping Consumers in Need
Debt can be profitable even for us, the consumers. Banks make billions of dollars by loaning money and charging interest payments to borrowers. Granted, you may not become a billionaire, here’s how you can create a nice stream of income by funding consumer loans. Let’s say you have $5,000 you could loan out. You can’t...