Term: Debt
39 found

Which Debt Should I Pay Off First?

By Steven Shaw on 2/29/2016

Which Debt Should I Pay Off First

 

When you’re facing many different types of debt, deciding which one to focus on first can be a daunting task. As you formulate your plan to pay off debt, consider the following four tips to help you stay motivated and on track.


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

Can a Bill I Never Received Wreck My Homebuying Chances?

By Steven Shaw on 7/2/2015

Can a Bill I Never Received Wreck My Homebuying Chances?

Imagine getting ready to deploy halfway around the world. You want to be absolutely certain that nothing goes financially haywire while you are away, and so you make sure you take care of business before you go. Your cellphone’s not going to work in Iraq, so you put that account on hold.

Bills
collections
Debt
Home Loan
Homebuying

Think You Can’t Afford to Buy a Home? Think Again

By Steven Shaw on 12/10/2014

How You Could Be Underestimating Your Homebuying Chances

Did you have a bad credit event in recent years? Do you have less than two years in the same career field? Is your monthly income less than three times your proposed payment? Fear not, when your financial picture doesn’t fit neatly into the box, you may still qualify with some lenders. Here’s how.

Assets
credit
Debt
Home Loan
Income
Mortgage

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

Can You Get a Debt Collector to Settle for Less Than You Owe?

By Steven Shaw on 8/29/2014

Can You Get a Debt Collector to Settle for Less Than You Owe?

A reader, Ron, wanted to know if he can force a debt collector to accept less than the full amount due, and clean up his credit at the same time. How? By putting a mini-contract on the back of the check — something on the order of “Endorsing this check means you agree to accept it as payment in full for the debt owed and to remove the collection from my credit reports.” A neat trick if it works, right?

Debt
debt collection
debt collector
Debt plan
debt planning

How to Create a Get-Out-of-Debt Strategy

By Steven Shaw on 8/16/2014

debt strategy

Collection agencies, banks, personal loans – it might feel like reminders about your debt are everywhere.

If you find yourself struggling for a repayment system, you may feel like you will never get out of debt. The first step in managing debt is understanding what you owe and how you should begin making the necessary payments. Calculating what your debt is costing you and deciding which debts to tackle first can help you get on the track to financial freedom. Check out the below tips for dividing your debts into more manageable segments.

Debt
Debt plan
debt planning
Debt-Free
get out of debt

How to Maintain Good Credit Without Debt

By Steven Shaw on 7/8/2014

How to Maintain Good Credit Without Debt 

Credit is a system of trust, and that trust can only be established through experience. It doesn’t really matter how you get started — a credit card, student loans, a personal loan, asking someone else to co-sign a loan or add you as an authorized user to their credit card — but you have to use credit in order to build it. Why? Because without using credit, you have no payment history, which is one of the major ways lenders determine whether or not they can trust you to repay a loan.

alternative data
Debt
Good Credit

The New American Dream: Getting Out of Debt

By Steven Shaw on 7/1/2014

The New American Dream: Getting Out of Debt 

What does the American Dream look like today? For a quarter of American adults in a new Credit.com survey, the answer is simple: it’s being debt-free.

Debt
Debt-Free
get out of debt

What Happens If I Ignore Debt Collectors?

By Steven Shaw on 5/30/2014

What Happens If You Ignore a Debt Collector? 

In 2010, a Credit.com reader lost his condo to foreclosure, leaving an unpaid second mortgage of $40,000. “I ignored their letters, never signed any of their notices, etc.” he wrote. While he may have hoped that debt would just disappear, it recently resurfaced. “Now it came (through) a lawyer to pay the amount,” he wrote.

Debt
debt collection
debt collector