Posts Tagged‘debt’

Financial Strategies: The Pros and Cons of Personal Loans for Debt Consolidation  

Almost 25% of Americans go into debt each month to pay for rent, groceries, and other necessities. You may be one of them or find yourself in a place where you owe money on multiple loans and or credit cards. Many people are turning to personal loans for debt consolidation because they simplify bill payments and can lower your monthly debt payments each month. The lower monthly payment can seem like a great thing, but it can do more financial harm than good. Read on to find out the pros and cons of getting a personal loan for debt consolidation. How Personal…

How Much Student Debt Is Too Much? Tips on How to Avoid Too Much Debt

Student debt is a huge problem today, as most students and their parents spend thousands of dollars on student loans. These loans have to be paid back beginning when the student graduates and it can be a real burden. Today we’re going to learn how to avoid taking on too much student debt. Get a Part-Time Job College is expensive and you don’t want to be burdened by a huge debt when you finish school. In order to help pay for some of the debt, you should consider getting a part-time job. Working while in college is a great way…

Debt management options, whatever your circumstances

The phrase “crippling debt” sounds melodramatic, but when you are facing them, financial problems can be every bit as debilitating as a physical injury or illness. The stress and anxiety can also lead to both mental and physical health conditions. Debt, crippling or otherwise, is an everyday part of life. Most of us have loans, mortgages, credit cards and so on, but very few of us are financial experts. When you look at it that way, it is hardly surprising that we run into trouble from time to time. If your central heating breaks down or your car develops a…

Freedom From Debt Is Just Around The Corner

You don’t have to keep living with debt. There are ways to reduce your debt and get out of it sooner. You’ve probably already heard of bankruptcy, but bankruptcy isn’t the only means of getting out of debt. Since the 1990s, consumers in Canada have also been able to file a consumer proposal, a bankruptcy alternative that makes it easier to get out of debt if you have a job or an income, without losing your assets. Bankruptcy trustees, today known as Licensed Insolvency Trustees, are the only professionals who can file for consumer proposals or bankruptcy. Your bankruptcy trustee…

Where to Go for Debt Relief Help

When the faucet leaks, finding help is as easy as calling a plumber. For a flat tire, an auto service is the solution. Problems with debt? Those can be a little trickier to determine where to go for help. Many consumers think the first step to debt solutions is a financial institution where they can get more money. They don’t realize that there are financial advisors they can turn to who are on their side and can help them create a concrete and manageable plan for dealing with their debt. Not many people know how to handle bad debt. There…