Figuring Out the Best Debt Relief Option (Guest Post)
When you’re looking at al the debt relief options available, you can easily become overwhelmed trying to decide which is the best for you. There’s credit counseling, debt consolidation, debt settlement, and of course, you can pay your debt off on your own. You can call up a few companies and interview them about the solutions you offer, but that could take several hours a day. An alternative is to use a simply debt planner calculator, like the one from CNN Money, to figure out the best way to get out of debt.
Lending Club Performance: July 2011
I have been investing in Lending Club for a while now because I had great results with them as a borrower in the past when they helped me to get rid of some VERY high interest rate credit card debt.
I have been investing in this site every month and making a new loan of $25 when I get enough in returns to fund a new loan. My goal has been to receive enough in repayments to fund a new loan every month and so far it looks like things are now working out.
I Pulled My Credit Report…Oops
It is usually a good thing in the personal finance world when you pull your credit report so why am I mad that I pulled mine this time? Well I was not thinking clearly when I went to annualcreditreport.com and pulled TWO reports on the same date.
I am now left with only one report that I can pull for the rest of the year and we still have TEN months left!!!! A friend of mine recently had his identity breached, with someone trying to open multiple accounts using his information. This had me spooked and pulled out my spreadsheet of credit report requests only to find out that I had not requested any official reports last year.
Tracking My Finances In 2011: April Week 2
I have decided to post my weekly spending for the previous week on Fridays so you know how my cash has been flowing for the week. Please note that I get paid on the last day of the month so my cash flow net effect will usually be negative until the last day of the month.
This does not mean that I am adding to my debt, it just means that the money coming in is less than the money going out because bills are due starting on the first but I don’t get paid until the last day.
How to Get Out of Credit Card Debt Quickly and Easily? – Helpful Tips (Guest Post)
Getting out of debt is a concern for a large percentage of people. Whether you’re looking to make a large purchase like a home, apply for a loan, or simply want a clean slate there is help available. Debt settlement does not have to be an uphill battle you fight alone.
Credit card debt is the most common type, and can really ruin your financial outlook with high interest rates and penalties. The steps to complete credit card debt relief involve knowing exactly where you stand with each creditor, negotiating a settlement, and arranging a payment plan. Some may choose to hire a lawyer, especially if they feel the debt amount is invalid, but a debt settlement attorney can be costly and even counter productive. In truth, credit card debt settlement doesn’t have to, and shouldn’t be expensive.
Moving On To A New Goal
When I started this blog my goal was to get out of debt. I figured I could do this by finding various ways to save money in my life and then using the money to pay off debt. It took me a little while but I finally managed to get out of debt so it is time to move on to a new goal for the blog.
I will still continue to save money but now I am focusing on building wealth of some kind…while maintaining my debt free status.
So now onwards to building wealth!!!!!!
Can You Live Without Debt Or Credit?
I saw this post over at My Money Tree blog and it got me thinking. Yes I can definitely live without debt or credit….but I don’t want to. Now that I am free of credit card debt I actually take joy in putting my purchases on my credit card, knowing that I earn 1%-3% interest on every purchase.
The writer says that people who purchase with credit cards are generally sending their money over to pay interest on those purchases…but this is not always the case and it certainly is not the case in my circumstances. I pay off my credit in card in full every month so I NEVER pay the credit card company any interest. I earn cash back on my purchases which I can get back
Tracking My Finances In 2010: October Week 2
I have decided to post my weekly spending for the previous week on Fridays so you know how my cash has been flowing for the week. Please note that I get paid on the last day of the month so my cash flow net effect will usually be negative until the last day of the month.
This does not mean that I am adding to my debt, it just means that the money coming in is less than the money going out because bills are due starting on the first but I don’t get paid until the last day.
