It’s no secret that we as consumers have a bit of a debt problem. Not only did widespread over-leveraging help intensify the Great Recession, but we also racked up roughly $82.5 billion in new credit card debt during 2011 and 2012 and are on pace to add another $41.2 billion to our tab this year,…
Each time another stimulus, or quantitative easing, has been proposed, there are quite a few people that say that instead of tax rebates, or other incentives, the money should go toward wiping out student loan debt. In fact, since 2008 there has been an estimated $2.5 trillion pumped into the economy through the various stimulus…
Getting any sort of loan will always include some risk. To help understand the risk of short-term loans, we are joined by Elaine McPartland from ConsolidatedCredit.org who shed some light on the subject. Short-term loans can sound like a great idea when you’re short on cash. You have an emergency, you need cash and there’s…
A debt validation request is a secret weapon that enables you to verify any debt you owe. This simple tool can help you clarify any outstanding debt, stall the collections process and provide you with all the information you need to determine what debt is actually your responsibility and what is not. Debt collection agencies…
If you’re in debt then somehow, the idea of packaging that debt up neatly into one little box is always an appealing thought. So when you read about debt consolidation, it often seems like a great idea. But is it really such a good idea? What is Debt Consolidation? To consolidate your debts simply means…
Tracie shares her money saving tips and ideas daily atPenny Pinchin’ Mom. She is featured regularly on her local CBS Affiliate – KCTV5 – helping local families learn how to make the most of their own budget. When not busy saving money and helping others, she is a mom to 3 kids, ages 4 –…
In today’s competitive job market, it is almost a necessity to have a college education. However, that education can be quite expensive. Unless you had parents that were fairly well-to-do and they were able to save money for your education, or if you worked very hard during your summer breaks, you most likely needed to…