Tag Archives: credit cards

Three Stages of Dealing with Debt

1.  Crisis Stage This stage is where you realize you are struggling to keep up with your growing debt, or when you start fearing the phone and mailbox due to collection calls and letters.  In some cases, the Crisis Stage … Continue reading

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Wants vs. Needs

Need- something you have to have Want -something you would like to have The difference between a need and a want is pretty simple — until you set yourself loose in a store. Double chocolate chip ice cream?  It’s a … Continue reading

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Debt Settlement

Debt settlement is the process in which debtor and creditor agree on a reduced amount to be regarded as payment in full. A debt settlement program is limited to a consumer’s unsecured debt such as credit cards. A debt settlement … Continue reading

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The Problem

Today’s problem is that consumer debt is at an all-time high.  Many factors may have an impact on the consumer’s ability to make their minimum debt payments including but not limited to: Reduction in income Medical Hardship Divorce Unemployment Increase … Continue reading

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8 Warning Signs that you have too much debt

Life can look like a scary nightmare when you are submerged in debt. You are certainly not the happiest man on earth when the accusing fingers of your creditors are constantly pointed at you. However, it is possible to defy … Continue reading

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