Unexpected major repairs, unforeseen illnesses, or the mismanagement of money are a few things that can leave you with excessive debt. Unfortunately, debt is much easier to accumulate than dissolve. The good news is you can dig out from under and regain financial stability. Owning Past Due Taxes Owing the government money can cause constant stress. Thankfully, there are … [Read more...] about Are You Drowning in Debt or Just Treading Water?
Source Debt can happen to a lot of people. The reasons for debt are endless. Financial experts say poor choices with their business and personal finances is the leading cause of debt. Unfortunately, you didn't get into debt overnight and it doesn't go away instantly. You're essentially working to build your credit and improve your score. The first thing you should do is … [Read more...] about Debt Doesn’t Have To Last A Lifetime
Source Unless you’ve got endless amounts of funds at your disposal, or income from a family of wealth, you’re probably going to experience some form of debt. Debt in layman’s terms is something, typically money, that is owed or due. Common forms of debt consist of student loans, credit card bills, medical bills, car loans, and more. While debt seems like quicksand that is … [Read more...] about 4 Ways To Make Debt Disappear
Most Americans have debt; however, some people develop the habit of taking on more financial liability than they can handle. So, how will you know when have too much debt? To know how your debt compares to your income, you need to get your debt-to-income ratio. Your total liability is too much when it's more than forty percent of your annual income, excluding student loans … [Read more...] about How to Know When You Have Too Much Debt
Have you ever had a call from a collection agency about a debt of yours? If so then you will know that it can be scary to receive communication from them because of a mismanaged debt of yours. There is a common misconception that debt is always a bad thing but the truth is that well managed debt can greatly help the lives of many. Poorly managed debt on the other hand is … [Read more...] about Brennan & Clark Collection Agency Advice On Managing Your Debts