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Debt

Debt Elimination 101: List your debts

So you thought the idea of tracking your spending was painful? Wait until you realize that another important step in eliminating your debt is facing your demons head on. That’s right: You have to sit down with all of your debts and you have to write down each and every outstanding debt…to the penny.
Impossible to […]

Payday & Quick Cash Loans: Why They Are Bad for You

When you’re unemployed, these cash call overnight loans look like the only option. When money is tough the quick loans and cash advance commercials are incredibly attractive. Images of smiling men and women of all races and ages describe to you in upbeat voices how great it was that a $10,000 loan is only a […]

Zombie Debts & Debt Collectors

This post originally ran in MollysBrother.com in 2006.
In the news recently, I’ve come across a lot of information regarding debt collection agencies and their practice of collecting money from years-old debt. For those in the know, this debt is often referred to as “zombie debt” since, quite accurately, it seems to have come back from […]

Debt Elimination: Important Key Concepts

If you are wondering how to eliminate debt, then this blog is a great place to start. There are many, many creative ways to go about eliminating your debt. But there are some important and key concepts that lie beneath each of the strategies for debt reduction. It doesn’t matter if you are following David […]

My Favorite: Dave Ramsey’s ‘Debt Snowball’

I know that there are dissenters out there. And I know that there are critics of his, too. (I am one, too. Dave gets a little to religious and preachy for me at times, so I can see how we can turn some non-Christians off.) But the reality is that, out of all of the […]

What is a FICO Score?

We have all heard the term “FICO score.” In fact, we have all used the term. Few, however, know what a FICO score really is. Seriously. Very few. Here’s what he do know: the FICO score was developed by Fair Isaac & Co (F.I.C.O–get it?) back in the late 1950s. It is a scoring method […]

Debt: It Takes its Toll

Many people view a moderate amount of debt as something that is a necessary–and at times even helpful–aspect of modern American living. The upside of debt exists. Credit cards do aid in getting us out of financial fixes or short-term emergencies. For some, it even allows them to live a life that is slightly out […]