Term: managing debt
13 found

Help! I Just Got My Holiday Credit Card Bills

By Steven Shaw on 1/21/2016

happy_Millennial

Right about now our dreaded holiday credit card bills are arriving in the mail. As we open each bill, we may be asking “Why did I spend so much?” While the answer may be somewhere between guilt, obligation and lack of planning, the most important thing to remember is not to panic.

Debt
managing debt

Millions With Credit Problems Can Now Get Free Credit Scores

By Steven Shaw on 4/23/2015

Millions of People With Credit Problems Will Now Have Access to Free Credit Scores

Millions of Americans working with nonprofit credit counselors will have free access to their FICO credit scores as part of a new agreement between FICO and the three major credit reporting agencies, Equifax, Experian and TransUnion. The Consumer Financial Protection Bureau announced the agreement in an April 21 blog post, saying that this change will allow counselors and their clients have more informative, productive conversations about how to improve clients’ credit standings.

credit reports
credit score
credit scores
FICO credit score
FICO Score
free credit score
managing debt

Help! I Never Got a Bill & Now My Credit Is Damaged

By Steven Shaw on 2/16/2015

Help! I Never Got a BillWhen it comes to getting a bill, no news isn’t always good news. While most of us would prefer to get fewer bills, not getting one for something you do indeed owe can be costly.

It can also be very damaging to your credit. One woman, for example, sent a heartfelt plea to her credit card company after she overlooked a $17 bill after the birth of her second child. She said the resulting late payments listed on her credit reports cost her thousands of dollars on her mortgage (due to the higher interest rate she had to pay because of her lower credit scores.) She’s not exaggerating: the average lifetime cost of debt for a typical person with excellent credit versus someone with bad credit can easily run into six figures.)

Credit Card Bills
managing debt
Medical Bills
Past Due Bill

What Order Do You Pay Bills When You Can’t Pay Them All?

By Steven Shaw on 10/1/2014

 What Order Do You Pay Bills in When You Can't Pay Them All?

An illness or job loss can overwhelm a household budget that had been working just fine. You think you have all the bases covered — and then something goes horribly wrong and suddenly there are more payments due than there is money. Which bill do you pay first?

Debt
managing debt

7 Ways Americans are Getting Out of Debt

By Steven Shaw on 1/21/2014

America's Top Get Out of Debt Strategy 

You may be determined to get out of credit card debt, but how do you actually do it? If you’re like most people, cutting out that cup of joe you grab at your local coffee shop in the morning isn’t going to cut it. You’re going to have to use a combination of several strategies to help you reach your goal.

◾Credit card debt consolidation
Debt
Debt-Free
get out of debt
managing debt
stay out of debt

Who Will Be Debt-Free in 2014?

By Steven Shaw on 1/10/2014

Survey: Will You Be Debt-Free in 2014? 

Is 2014 the year you plan to start tackling your credit card debt? If so, you’re not alone. Most Americans with credit card debt are serious about paying it off, and most plan to tackle it in 2014, according to a new survey by Credit.com – Americans and Credit Card Debt.

The 2014 Americans and Credit Card debt survey was conducted among 2,223 adults online Jan. 1-9 on behalf of Credit.com.

Pay Off Debts
Credit Card Debt Consolidation
Debt-Free
Getting Out of Debt
managing debt

How to Consolidate Your Holiday Debt

By Steven Shaw on 1/6/2014

holiday debt

If you’re looking at a pile of post-holiday debt, don’t panic: There are several ways to make the bills more manageable.

balance transfer
Consolidate Holiday Debt
Holiday Debt
Home Equity
managing debt
personal loan

5 People Who Paid Off Massive Debt

By Steven Shaw on 1/3/2014

5 People Who Paid Off Massive Debt

Digging out of deep debt can seem like an insurmountable task, and for some people it is. More than a million American households filed for bankruptcy last year in an effort to put their debt behind them.

But bankruptcy court isn’t the only way consumers shed debt. These five people have paid off very large amounts of debt using just about every strategy in the book. Here’s how they did it.

managing debt
Credit Card Debt
Debt
debt collection
debt collector
Debt Utilization Ratio
debt vs savings
Debt-Free
Debt-to-Income Ratio
get out of debt
managing debt
non-mortgage debt
stay out of debt
student debt
What Your Debt is Really Costing

How to Kill Zombie Judgments on Your Credit Report

By Steven Shaw on 5/21/2013

zombiejudgments_iStockphoto

A judgment can suck the life out of your credit scores for years and make it difficult, if not impossible, to rebuild your credit. So settling or paying off a judgment is crucial if you want to get your credit back on track. But what happens when you can’t? La Recia wrote on the Credit.com blog:

 

credit report
credit score
judgment
managing debt

How Fast Should You Cut Your Debt?

By Steven Shaw on 5/15/2013

How Fast Should You Cut Your Debt?

Unfortunately, there is no quick fix to eliminate debt. Not only does it take patience, time and diligence, but also a clear understanding of why we get ourselves into debt in the first place. Was it that our wants were greater than our means? Was it thinking we could pay down our debt, only to realize after our bills, we had nothing left over? Determining how fast we can and should eliminate debt starts with a few simple steps.

budgeting
Debt
debt vs savings
managing debt