December 23, 2012 - Over the past few years, interest rates on loans have really come down. Of course, some people will use this as an excuse to get further into debt but this will surely backfire on them if they do not take care. In general terms, easing payments on several high interest loans by rolling them all into one that has a lower interest rate is the best way to use this phenomenon to its full advantage. This then should be used to ease the debt burden and not to add more fuel to the fire, so to speak.

November 22, 2012 - Though several news reports suggest that the United States will be able to pick itself up, some will not just take them at face value. They’d rather be prepared for another recession than to rely their hopes on the news. These include the people of Florida. Based on a study conducted by a nonprofit debt management organization called Credit Karma, the Floridians have been paying their credit card debt and mortgage.

June 8, 2011 - The term “debt relief” materializes several different ways but has one specific meaning--relieving debt as the partial or total forgiveness of debt. This can be done through re-organizing and re-prioritizing finances or by working with a debt relief company to reconcile the balance to a manageable amount. Debt relief is needed in order to rebuild credit, maintain or increase personal or commercial savings and to reduce the stress and burden placed upon individuals who carry unresolved debt.

June 1, 2011 - Although bankruptcy will make the calls stop, it will leave deep scars on your credit report. According to financial guru, Dave Ramsey, bankruptcy is never the answer. He writes about bankruptcy on his website and says, “Bankruptcy is not something I recommend any more than I would recommend divorce.” Ramsey continues by saying that bankruptcy is listed as one of the top five life-altering negative events in person’s life, along with divorce, severe illness, disability and the loss of a loved one.