Debt has got us all down these days, and honestly, we need all the help we can get. This topic delves deeper into debt to help you find how you can dig yourself out of debt and how to avoid going any further into it.
“Don’t downgrade your dream just to fit your reality. Upgrade your conviction to match your destiny.” Get some inspiration to get out of debt!
It is likely that poor decisions or unexpected circumstances got you into debt. In order to get out of debt you’ll have to form a plan and adjust your behavior to live within your means. Follow these steps to get your money back into your control!
The student debt crisis is not just limited to the young. In fact, research shows that Americans ages 50-59 owe $112 billion in student loans! What caused this debt crisis?
For students struggling to make their monthly loan payments, an income based repayment plan may be ideal. Learn more about how it works and find out if you are eligible.
One of the only ways to have student debt forgiven is through the death of the borrower. However, this is not always true, especially in the case of private loans. Parents and spouses of deceased loved ones may also have to watch out for tax hits on forgiven loans.
Many families turn to “payday loans” (short-term loans for small amounts) as a quick fix to get out of a sticky financial situation (or to afford more gifts for Christmas, perhaps?) However, these loans can be very dangerous, locking you into a vicious debt cycle.
The mere word “bankruptcy” is enough to fill the most responsible person with dismay. Unfortunately, there are times when there are simply no other good options. Long term unemployment, excessive medical bills and even divorce can all lead to bankruptcy. However, it is possible to plan and prepare.
Late night TV is filled with ads from so-called personal finance experts who will happily take several of your hard-earned dollars and give you the secrets of financial freedom. But, you don’t really need to cough up some of your extra dough. Instead, just follow a few basic tips.
If you are preparing to enter into the negotiating process with your student loan lender, you better go in prepared. Learn the primary reasons lenders allow you to renegotiate your students loans, make sure you fit the bill and then uncover your options.
What type of investments are we talking about? The volatility of the markets does not inspire much confidence in Wall Street and European financial troubles are compounding the state of our stagnant economy. Best advice: Invest in yourself.