If you have built up too much debt, you might feel suffocated. It can increase your stress, reduce your credit score and put a strain on your finances. But while you might be aware that you have a significant amount of debt, you might not know if you have too much.
Credit cards are great when you use them wisely. If you do not handle them with care, you can significantly damage your finances. There is always the risk of high-interest debt piling up. If you are noticing you are not able to pay off your full credit bill each month, you might be wondering how bad of a situation you are in. It is possible that you are in more debt than you realize.
Bankruptcy has the potential to help many people start over financially. However, issues such as perceived shame prevent some people from filing.
Have you ever been forced to pay a late fee on a credit card not because you were unable to make the minimum payment, but because you simply forgot to pay it by the due date? If so, you are not alone. Many people struggle with paying their bills on time, and while this may happen because of a lack of funds, it, too, may result simply from having too many things going on in your head at a given time.
Whether you are building or rebuilding your credit, there are some mistakes you can easily avoid that take nothing more than a little of your time. By sidestepping these pitfalls, you control your credit cards rather than your cards controlling you.
"Debt" can be an ominous word with a bad connotation. When you hear statistics like, "the average person took on 2 percent additional debt since the previous year," you probably see it as a bad sign. Is it? Can taking on debt be a good thing?
It was the busiest weekend of the year for shoppers. The annual deal days began on Thanksgiving Day, often referred to by retailers as "Gray Thursday." Even those who firmly believe the day is best spent at home with family had plenty of time to take advantage of the discounts.