Certified Financial Planner John D. Buerger discusses the ugly four-letter word of personal finance: debt – how you got into debt, why it’s tough to get out of it and some real steps to finally rid yourself of the “D” word once and for all.
Tag: help with debt
While it is typically not the American dream to get into debt, it can be a dream come true to finally dig yourself out of debt. Learn three ways that Americans may be able to beat the debt monster once and for all. The three areas include a mortgage refinance, credit card balance transfers and paying off federal student loans.
Ninety percent of marriages that end in divorce fail, at least in part, because of money problems. Now, there is a TV show on CNBC called “Til Debt Do Us Part” that helps couples in financial crisis get their financial lives in order. Find out what kind of money troubles this show tackles and what lessons we can all learn from the experiences of couples highlighted there.
New credit card rules went into effect in 2010, requiring that your monthly credit card statement include important information about how long it will take you to get out of debt if you only pay the minimum payment and what payment you need to make to become debt-free in three years. We show you how to use this information to your advantage to help you come up with an actionable “get out of debt plan” for the next three years.
More Americans are swimming in debt than ever before because of the struggling economy and a high national unemployment rate. Because of the increase in financial problems, there is also an increase in the demand for debt consolidation loans and the services of debt consolidation companies. The question is: should you be turning to these companies for help or is debt consolidation something you can tackle on your own?
If you’re considering filing for bankruptcy, you’re not alone. More than 1.4 million Americans filed for bankruptcy just last year. The decision about whether to file bankruptcy is usually not clear-cut and there are several factors that go into it. Tim Chen, founder and CEO of NerdWallet.com, explains what these factors are and what you need to know.