Archive for Debt
The Truth About Home Equity Loan Refinancing
Many folks are now considering Home Equity Loan refinancing as a way to help their financial stress caused by steep mortgage payments and high interest rates. Perhaps they want to use the proceeds for debt consolidation, vacations, purchasing a new car, home improvement and more.
What is your home equity? It’s simply the difference between [...]
Unsecured Debt Consolidation Loans when You Have Bad Credit
It’s not easy to get unsecured debt consolidation loans when you have bad credit. Lenders may try to inform you that you can’t get this type of loan because they think you’re too high a repayment risk. Bad credit is the problem. Lenders see your credit history and decide you’re a high risk. Since you [...]
Carnival of Debt Reduction #64
Welcome to the Carnival of Debt Reduction for December 4, 2006. Thanks for stopping by. I’m very pleased to be hosting the Carnival for the first time here at Necessary Virtues Personal Finance.
In reading this week’s submissions I found many to like, and two that really stood out. They are hereby awarded the Necessary Virtues [...]
Top 7 Reasons You Need a Budget
1. A budget is a roadmap. It is a useful tool and guide. It tells you whether you are headed in the direction you want to be headed in financially. It helps you to move from spending on a whim to saving and financial planning. If you don’t have a roadmap for reaching your goals [...]
Payday Loans - Avoid Them!
Payday loans, also called “cash advance loans,” are small, short-term loans that carry very high interest rate. Some companies have even begun to advertise them as loans to help you repair your credit, but this is very misleading. They suggest that these loans can help you pay off your bills and so establish good credit, [...]
Privacy Matters
Many of our readers will be interested in the services offered at Privacy Matters. Their full package gives you everything you need to protect yourself from Identity Theft, including automatic fraud alerts and identity theft insurance.
They also include unlimited free access to your credit score and credit reports, just as an extra bonus. Their trial [...]
Evaluating Credit Card Offers
Essential Terms You Must Understand
By Steve Diamond
Credit card offers, they’re everywhere! They appear in your mailbox. They pop up while you’re surfing the Internet. They’re in slick brochures next to the cash register or gas pump. They’re in full-page ads in the Sunday papers.
If you need a new credit card, how do you choose? You [...]
Four Damaging Myths About Your Credit Score
By Steve Diamond
Banish these myths from the way you handle your credit! Your score will be as good as it can be when you know the truth about how these actions affect your credit score.
Damaging Myth Number One: Closing inactive accounts will raise your score.
This is a widely held belief, but it’s false. Closing accounts, [...]
What’s Your Credit Card Debt Solution?
Your credit card debt solution is different than anyone else’s. For those that know that their credit card debt is a problem, it is important to really look and determine how this happened and then to determine which method to paying off this debt will work for you. Here are some questions to ask yourself [...]
Credit Card Debt Elimination - Make It Your Goal
When you have a goal of credit card debt elimination, you can look forward to the day when you don’t have to worry about the bills that are coming in the mail. And, when you do get them paid off, you’ll find it is easier to make your payments and even have more than what [...]