Go to Top

Decreasing Debt

How to Get Out of Debt

By Lauralynn Schueckler The recent recession affected the financial lives of people all over the country. The recession led to much higher rates of unemployment and underemployment. Because of this, many people needed to rely on credit cards to meet all of their financial obligations and pay for emergencies that arose. While this may have been a good short-term solution, many now find that they have an insurmountable amount of personal …Read More

New Year Financial Goals

By Mark Foster The new year is underway. Everyone should have some kind of goal for their money, and now is the perfect time to be thinking about goals for 2012. Many people wish for good things to happen to them financially, however many take little or no action to turn those wishes into becoming reality. It is important to create a few financial goals. As hockey legend Wayne Gretzky …Read More

Tips for 2012 Financial Resolutions

By Gail Cunningham As the new year approaches the NFCC offers these financial resolution tips for 2012:     Have adequate savings. You might ask yourself how you paid for your last emergency. If it was with a credit card, that’s a red flag. A person who cannot afford an emergency is not likely to be able to afford the interest, late charges, and over limit fees that could be associated with adding …Read More

Create Your Own Stimulus Plan

Although the federal government and many household budgets have one thing in common, both are in the red, there is one critical difference: consumers cannot raise their debt ceiling in order to continue borrowing. Further, they cannot operate in the negative year after year, or financial doom is a certainty. “Many consumers have been renting their lifestyle by living off of credit, and it’s time they took ownership,” said Gail …Read More

If You Want to Improve Your FICO Scores…Paying Off Credit Debt Reigns Supreme

When it comes to boosting your FICO credit scores there are a variety of strategies that will yield varying amounts of improvement.  Many people believe that getting negative information removed from your credit reports is the number one way to increase your scores.  This is correct but only if the consumer is successful at getting most, if not all, of the negative information removed.  Getting one of your twelve collections …Read More

5 Tips For Staying Under Your Own Debt Ceiling

The stand-off between President Obama and Republican Congressional leaders over whether or not to raise our federal government’s debt ceiling continues to be a center of focus for Washington and the rest of the country. A debt ceiling, simply put, is a cap on how much money the federal government can owe. It is currently set at $14.294 trillion, and the debate is over whether that number should be raised before …Read More

Questions To Ask When Considering A Debt Settlement

Consumers in financial distress are often focused on one thing— relief.  After all, the mailbox is full of collection letters, and the answering machine is filled with calls from those you owe.  Money is tight and it seems as though there’s no way out.  When you are at your lowest, you hear a commercial that says you can be debt free in a matter of months.  The offer that sounds …Read More

Happy Financial Independence Day!

With July 4th just around the corner we take time to celebrate our nation’s independence. Why not take this opportunity to state your freedom from debt! Start by taking this pledge: Commit To Save! Americans are great spenders and lousy savers. Without a well-funded savings account, you are on a very slippery slope, one that becomes treacherous with the next unplanned expense. Put 10 percent of each take-home check into a …Read More

Financial Spring Cleaning Tip Of The Day: Cut Your Debt In Half By The End Of The Year

Find an extra $20 per week for the remainder of the year, and put it toward debt reduction. Not worth the trouble? Consider this: If you currently owe $1,000 on a credit card, have an Annual Percentage Rate of 18 percent, and are making a minimum monthly payment of 2 percent of balance, even if no further charges are ever added to the account, you won’t have that $1,000 paid …Read More