Archive for the ‘debt’ Category

6 Reasons To Pay Off Debt Sooner Rather Than Later

Thursday, April 24th, 2008

Debt (and plenty of it) is the predominant way of life for millions and millions of Americans.  Good, bad or indifferent, it is the mode of operation for most of us.  That simple fact is the primary reason why the current "credit crisis" is as severe and wide-reaching as it ...

Keeping “Zombie” Debt D.E.A.D

Thursday, March 20th, 2008

The spread of "zombie debt" means that millions of dollars of debt long forgotten may come back to haunt the people that owed it in the first place.  A distant relative of much hated debt collectors, 3rd party collectors buy bad debts for very low prices.  Whatever money is collected yields ...

Instead of Foreclosure

Thursday, March 13th, 2008

There are many reasons why record numbers of homeowners are facing foreclosure.  Some got caught up in mortgages that didn't match their incomes; others got behind when interest rates adjusted upward; still others didn't know options other than foreclosure were possible when cash ran short.  Coupled with the other economic ...

Nothing Else Is Quite The “Same As Cash”

Thursday, January 24th, 2008

It is virtually impossible to watch television or read newspapers without seeing ads for "same as cash" financing options.  On first look, those options seem very appealing, especially for large purchases.  In fact, there doesn't SEEM to be a downside to "same as cash" promotions.  What's not to like about ...

Deal With Debt Differently

Thursday, January 3rd, 2008

It's the time of year when DEBT becomes a "four letter" word.  Consumers that spent more than they should have for Christmas gifts are dreading the arrival of the next credit card bills.  This dread and a promise to not get into this financial situation "ever again" has become an ...

Setting a Holiday Budget

Monday, November 26th, 2007

For longer than I would like to admit, my holiday budgets have consisted of buying gifts now and figuring out how to pay for them later!  I have always STARTED my holiday shopping with specific spending limits in mind but I have not stayed within those limits very well.  Even ...

Handling Debt Collection Harassment

Thursday, November 1st, 2007

Have you ever been harassed by debt collection agencies?  If you have, you know that being behind on debt payments adds stress and late charges to bills that, for whatever reason, are not current.  No one WANTS to be in that situation.  Debt collection agencies use a variety of methods ...

America, We Are Eating Ourselves To Debt!

Thursday, October 11th, 2007

   The idea that a link exists between Americans shrinking wealth and bulging waistlines is not a new one.  While the details of such a link have been difficult to prove, increasing numbers of Americans are classified as overweight or obese and the  savings rate of Americans has hit negative ...

DIAGNOSIS: ARM

Monday, September 10th, 2007

"Mr. Gage? Dr. Banks is ready for you." DR. BANKS: What seems to be the problem today? M. GAGE: I am worried about losing my house. My house payment is going up - a lot! DR. BANKS: Tell me about that. M. GAGE: Well, when I bought my ...

Put your article here…

Tuesday, August 14th, 2007

If you have an article that you would like to have featured on My Money Thinks, submit it for our blog carnival consideration.  We are accepting articles related to all areas of personal finance and we want to read what you have written. SUBMISSION DEADLINE: Saturday, August 25, 2007 Links to accepted ...