Dealing with Holiday Debt

Many people get caught up in the fun of going on holiday and find themselves spending more than they expected.  Unfortunately, long after the holiday sun-tan has faded or the egg-nog has been drunk, the debt remains.  Because this type of debt can be unexpected and unplanned, many consumers struggle to pay it off in a timely fashion […]

Continue Reading...

7 Debt Warning Signs You Should Know

Debt is insidious by nature as it seems to creep up on people. One day you are scraping along, then suddenly you debt has reached unsustainable levels and you are in serious financial trouble. This article will take a look at seven early warning signs that you may have a growing debt problem. By catching […]

Continue Reading...

Quick Ways for Couples to Get Out of Debt

When you marry someone, it is a serious decision which you are making because you are not just declaring your love for this person, but accepting all of the baggage that comes with them. That baggage can arrive in the form of secret debt, or hidden spending habits that might affect your finances in the […]

Continue Reading...

Graduates Using Volunteer Work For Student Debt Relief

Student loans are increasingly large and often a recent graduate feels a lot of pressure because of the mountain of debt they must deal with. With the job market still recovering from the global financial crisis many graduates have had problems securing employment or have been unable to secure employment in their chosen field so […]

Continue Reading...

United States Household Debt Changes Composition

Morgan Stanley recently released some new data about household debt in the United States and there are some interesting changes. Prior to the global financial crisis, households in the United States continued to take on a lot of debt and mortgage debt was the major contributor. As soon as the global financial crisis hit and […]

Continue Reading...

A Credit Card That Helps Manage Debt?

The idea sounds a bit silly at first – a credit card that helps people manage their debts and pay them off without defaulting. Because credit card companies tend to encourage people to spend. Quite simply the more people spend they more credit card companies will profit. However one new non-profit company has created a […]

Continue Reading...

Small Stuff Matters – Debt Repayment Tips

Sometimes dealing with a large debt burden feels like a mammoth task, something so daunting that it’s hard to know how to approach. That feeling of hopelessness and confusion is one of the worst parts about being in debt. Luckily with a few simple concepts, you can begin to attack your debt burden and really […]

Continue Reading...

Dealing with Cancelled Debt

One often complex financial matter is dealing with cancelled debt and taxation. Usually when a debt is cancelled by a lender you must include that amount in your taxable income. You must include the debt total as income because you owed this money to the lender then it was waived, so the tax department sees […]

Continue Reading...

Five Strategies for Medium Level Debt

Many people have debt levels that are medium level – that is, not just a few small credit card debts and not a massive debt burden, but some where in between. At about the $30’000-$50’000 mark the debt is transitioning from a small problem into a huge one. Action needs to be taken before the […]

Continue Reading...

Paying off Debt or Saving for Retirement?

One of the most common challenges for people who are in debt is deciding how much money they should be using to pay down the debt and how much should be allocated for long term financial objectives like saving for retirement. Saving for a retirement is something that must be done for many decades to […]

Continue Reading...