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If you’ve got some heavy credit card debts, your key priority has to be to pay down some of your debt so that you can start getting financially on top of things again, and you can start planning for the future. A recent article at About.com had some great suggestions for ways you can find some money to start reducing your credit card bills: (more…)

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Parenting is never easy, and in a time of growing economic crisis, teaching your child financial responsibility is even harder. So hard, in fact, that your adult child may someday come to you, asking for help out of a sticky financial situation. If that day comes, MSNBC has a few tips on how (and if) to help an adult child with debt: (more…)

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Many people believe that credit card companies have been irresponsible in their dealings with customers, and that fewer people would have large credit card debts if the companies acted somewhat more responsibly. Of course, they are only making business decisions, but the Federal Reserve has started talking about new regulations that would help credit card customers avoid overwhelming debts. Some of these regulations include: (more…)

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If you’re swimming in a sea of debt and you can’t see the shore, now is the time to look for help. In fact, the answer is always “now,” because the sooner you take control of debt, the faster you will take control of it. (more…)

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If you’re one of the many people living from pay check to pay check without having much hope of breaking the cycle of debt and repayment, you’ll be pleased to read a few tips from the experts at CNN Money. Rather than going through the obvious money saving strategies, they talk about a few ways that could net you a little extra cash and start to dig you out of the cycle. (more…)

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It’s a pretty ironic outcome of a Bankrate survey that people with debts make the best savers. The results showed that 84% of Americans who had debts like car loans, credit cards or student loans (the survey excluded mortgages) are regularly saving a proportion of their income. The people who didn’t have a non-mortgage debt had a regular savings rate of only 63%.

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Everybody has a credit card, and everybody knows the basics of how it works. But there are a few lesser known facts that could cause you problems. They’re not secrets, as such – they’re public knowledge, often found in the small print of your credit card contract – but they’re facts that you should be aware of to avoid getting into trouble with your credit card.

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credit: SqueakyMarmotIf you’re heavily in debt and looking for a way out, it’s quite appealing to hear someone saying they can help you get your debt reduced or canceled. Unfortunately, there are a number of illegal debt reduction and cancellation scams being operated these days, and you can end up owing more money and having a worse credit rating.

Basically, the rule of thumb is that if it is too good to be true, then it just can’t be true. Debt scammers generally use a few particular tricks, including: (more…)

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It’s a bit scary, sometimes: you’re just cruising through life, perhaps spending more than you’re earning, or at least now and again getting a car loan or putting some emergency costs on your credit card, and suddenly - you’re in debt.

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