Why exactly does everyone always say you need to know your credit score? What is it about it that makes it so important? First things first, you need to understand what it is. Your credit score is the statistical method that lenders use to determine how likely you are to pay … [Read more...] about Why Do You Need to Know Your Credit Score?
By now the word is out that unsecured lending – e.g., on credit cards, overdrafts and personal loans – jumped an annual 9.1 percent in January 2016, according to a Bank of England report released at the end of February. Many observers look upon this increase as yet another … [Read more...] about Be a Smart Borrower: Even With Rock-Bottom Interest Rates, Debt Is Still Debt
When you think about the student loan problem, do you ever think that maybe it is not as bad as everyone says it is? I mean, c’mon, can the average loan debt amount really be $30,000 per student with an overall of $1.2 trillion for all students and parents alike? Believe it or … [Read more...] about Is the Student Loan Debt Problem Exaggerated?
It doesn't matter who you are or what you do, financial hardship can hit anyone. And given the present economic condition in the world, losing your job is always a possibility. As someone who's lived through a layoff; I understand first-hand the fear and frustration of being … [Read more...] about Managing Financial Difficulties after a Job Loss
No one intentionally falls behind on their taxes unless they’re taking cues from Thoreau’s Civil Disobedience (which by the way will hardly work in your defense in court). While Thoreau ended up spending a night in jail and getting some material for his book, most of us would … [Read more...] about How to Reach an IRS Installment Agreement