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Excessive debts cause more than emotional stress. If the debts come to the point that they become too much to handle, you have the option to file for bankruptcy. While this proceeding may absolve you from the repayment obligations to your creditors, it also has grave consequences to your finances and your life. What is…

In between tuition fees, room and boarding, books and personal expenses, going to college costs much more today than it did decades ago. According to the report of “Trends in College Pricing 2017,” a four-year course in public college is now 213 per cent more expensive than thirty years ago. Today, you need to shell…

The average American currently holds over $6,000 of credit card debt. Considering the other common debts most Americans also hold (mortgage, car note, student loans, etc.), it’s incredible that any of us would choose to incur even more debt. However, a sudden medical expense, a car breaking down, or even one poor choice can quickly…

Payday and title loans are some of the most convenient and accessible financing instruments out there. Marketed as fast, easy with no credit check requirements, it’s no wonder why many people fall to the lure of payday and title loans to bridge their financial gaps. In fact, according to the data gathered by The Pew…

A cash-strapped borrower approaches a short term lender to borrow money and get out of their financial bind. With a few documents in hand, the borrower can get a loan and goes home with the money in their account. Meanwhile, the lender loses some money temporarily, but then gains more along the way. Borrowing and…

Creating a Budget Has the end of the month ever rolled around and you’re scraping pennies out of the couch cushions to pay for a cheap meal?! Do you sometimes look at your bank account and wonder how on Earth you ended up over drafting again? Budgeting your money is not a natural instinct you’re…

Nearly the entire population of the United State of America has some form of debt. Some have what’s called “good debt”, which are things that will eventually grow in value. Taking out a mortgage on a home can be considered good debt, as the home will likely appreciate in value over time. Student loans can…

Tips for Building Credit for the First Time So you’re excited about making a splurge on a new car or a vacation, but you don’t have the credit card to pay for them. You wanted to open a credit account, but the credit issuer is asking for your credit score. But, you don’t have a…

Credit is an essential part of the modern life. Whether you’re buying a new house or car, seeking employment or looking to upgrade your utility services, companies and organization are likely to ask a credit report from you. Unfortunately, many people find it difficult to establish credit from scratch. In most cases, you need some…

More than half of all Americans currently hold less than $1,000 in their savings accounts. One third of all Americans have nothing at all. Without a proper savings account, one that can cover all your bills for at least 6 months in the case of an emergency, a single extra expense can not only wipe…