Tag Archives: credit card debt

Why the New FICO Scoring System May Not Raise Your Credit Score

Most consumer advocates reacted positively to the news that the Fair Isaacs Corporation is going to revamp the way they calculate their FICO score so medical debts aren’t going to be viewed on the same level as credit card debts … Continue reading

Posted in Credit Cards, Debt, Medical, Personal Finance | Tagged , , , , , , | 1 Comment

Americans Love Debt Again: Consumer Credit Card Spending Surges by $8.8 Billion

Consumers seem to have forgotten their lesson that debt is not their friend. In what might be a positive sign for the economy that consumer spending is increasing, the April data from the Federal Reserve isn’t good news for those … Continue reading

Posted in Credit Cards, Debt, Personal Finance, Shopping | Tagged , , , , , , , , | 2 Comments

Consumer Borrowing Increase Verifies Consumers Still Stink at Finances

If there was any ray of hope that US consumers could learn the lesson that consumer debt was not their friend, and try to part ways with it, the latest numbers suggest that consumers have no intention of breaking up … Continue reading

Posted in Budgeting, Credit Cards, Debt, Personal Finance | Tagged , , , , , , , | 3 Comments

I Have No Money

It’s one of the worst feelings you can ever have. That moment when you see there is still a week left until you get you next paycheck and you have no money, little food and you have no idea how … Continue reading

Posted in Credit Cards, Debt, Frugal, Personal Finance, Relationships, Saving Money | Tagged , , , , , , , | 75 Comments

Don’t Let Your College Student Graduate with Debt

Financial responsibility is a crucial part of the college experience for those attending both university online and on campus, yet some personal finance skills remain foreign to students as they prepare for college. Parents have the task of preparing their … Continue reading

Posted in Credit Cards, Debt, Education, Personal Finance | Tagged , , , , , , , | 1 Comment

What Counts as Being Debt Free? – A Life Without Debt

In writing this column, one of the things that I see frequently in the comment trail is an argument about what counts as being debt free. Some people argue that debt free means freedom from consumer debt such as credit … Continue reading

Posted in Debt, Personal Finance | Tagged , , , , , , , | 17 Comments

Going Into Debt to Have Kids

By Maggie Ellis It is widely taught in financial education that there are only two kinds of debt that can be considered “good debt”: A mortgage and student loans (as long as they aren’t beyond your ability to repay comfortably). … Continue reading

Posted in Budgeting, Credit Cards, Debt, Personal Finance, Relationships | Tagged , , , , , , , , , , , , | 19 Comments

Start Cutting Immediately to Save a Sinking Ship

An acquaintance came to me the other day and told me a sad story. She has been unemployed since December and unable to find work. Her husband also lost his job around the same time and although he has since … Continue reading

Posted in Budgeting, Debt, Personal Finance, Relationships, Work | Tagged , , , , , , | 11 Comments

A Life Without Debt: You Can Be Debt Free and Still Use Credit Cards

Several financial experts (most notably Dave Ramsey) preach that, if you want to become and remain debt free, you must not use credit cards. Ever. Their reasoning is that, a) it is too easy to get into the debt trap … Continue reading

Posted in Credit Cards, Debt, Personal Finance, Shopping | Tagged , , , , , , | 19 Comments

A Life Without Debt: Building Wealth

If you are at all interested in finance, you’ve probably heard that it is necessary to be debt free in order to build substantial wealth. While a few gifted investors manage to build wealth while having a lot of real … Continue reading

Posted in Budgeting, Debt, Investing, Personal Finance, Retirement, Saving Money | Tagged , , , , , , , , , , | 12 Comments

Dave Ramsey Falters in a Crummy Economy

By Maggie Ellis, guest writer I know many people who are followers of Dave Ramsey’s financial advice. Since the economy has tanked, it seems like I’m seeing even more people joining the Dave bandwagon, looking for a way out of … Continue reading

Posted in Budgeting, Credit Cards, Debt, Investing, Personal Finance | Tagged , , , , , , , , , , , , | 47 Comments

10 Reasons People Retire Poor

There are a lot of things that you can do that will negatively affect your retirement fund with most of them having to do with not beginning early enough or putting money toward other things instead of retirement. Here are … Continue reading

Posted in Personal Finance, Retirement | Tagged , , , , , , , | 7 Comments