It’s mind blowing that more people don’t use the common skills and resources they already have to make a significant extra income to get out of debt and/or solve their credit problems. As you’ll see, this is a very easy mission to accomplish. By the time you finish reading this (3 minutes from now) you’ll […]
Debt and credit are strongly related. There is a very high correlation between people that are troubled with debt to also have a low credit score and other credit related challenges.
What to Do When Your Spouse Has Bad Credit
You’re meticulous about your credit. You have good or excellent credit, and you do everything necessary to keep it that way. But what if your spouse isn’t on board with your view of credit? What do you do when your spouse has bad credit? Unfortunately, this scenario is far from impossible. It’s not even necessarily […]
When Your Credit Card Debts Exceed Your Annual Income
When people start getting deep into debt, the process is often accompanied by a large helping of denial. That is, as their debt grows larger and more threatening, they begin to rationalize why it’s not so bad. This is when it becomes important to recognize important debt thresholds – clearly identifiable metrics that should absolutely […]
Failing to Teach Your Kids About Credit Will Set Them Up for Credit Failure
There’s a growing trend across the country of young people getting into credit and debt troubles very early in life. Part of the blame is easy credit. But equally culpable is a lack of credit education. Kids aren’t getting that from the usual sources that we expect. But failing to teach your kids about credit […]
Credit is NOT Free Money – And What Happens When You Think It Is
Ask anyone if credit is free money, and you’re likely to get a response along the lines of absolutely not! But turn the same person loose in an environment where they need to make a major purchase, and they may behave in a way that makes you think otherwise. That’s because the concept of credit […]
Are You Keeping Credit Secrets?
You’re probably familiar with the concept of a “white lie”. That’s a fib in which you either distort facts or deny the existence of a situation because it probably won’t hurt anyone – or so we like to think. In truth, most white lies occur not because they’re harmless, but precisely because they can cause […]
Credit and Debt Problems Can Sabotage Your Retirement
The Internet is filled with articles and websites that deal with accumulating enough money to achieve a comfortable retirement. But credit and debt problems can sabotage your retirement, even if you have adequate income sources lined up. While your income sources may provide you with the means to retire, your credit and debt problems are […]
How the Good Old Summertime Can Hurt Your Credit
Just a guess, but the good old summertime might be, on balance, the favorite season of most people. It brings warm weather, backyard barbecues, more time with family and friends, weekend getaways, summer vacations – what’s not to love? Well, if you aren’t careful – and some people are not when the warm weather hits […]
How Bad Credit Can Destroy Your Marriage
Unfortunately, there are a large number of factors that can hurt your marriage. Bad credit ranks up there with the most important. The tricky thing is that bad credit can destroy your marriage, and often does so in ways that are hard to see or understand – unless you take steps to correct the problem. […]
How Cosigning a Loan Can Destroy Your Credit
Cosigning a loan can be a loving gesture, especially since it is usually done for a family member. But if you do choose to do this, keep in mind how dangerous this is. The reality is cosigning a loan can destroy your credit. Most people don’t think about that at the time that they cosign […]