debt management

What I Learned From Working at a Bank

My boss has asked me in my last two performance appraisals what I enjoy about my job and each time, I say that having this job will make me 10 times wealthier in my personal life. I don't mean that I'm making a ridiculous salary. (Maybe someday...) I mean that looking at borrowers all day lets you see all kinds of slices of life — and hopefully learn from them.

What Is True Affordability?

During the past decade, lenders and the media had us believe that affordability simply meant qualifying to buy it with a loan. Of course, that era ended with dire consequences, so that can't be right. What is true affordability anyway? Can you spot it if you come across it?

5 Loan Options for Those With Good Credit

One of the nice things about having good credit is the ability to secure funds for a variety of reasons and through a variety of channels. The hard part is figuring out the best types of loans that will help you maintain your good credit rating while still getting you the money you need to accomplish your goals.

Number of Women in Serious Debt Increases

The number of women with more than $50,000 of debt jumped by 8% in the past three years, according to a CareOne Debt Relief Services study.
The Research Findings
In order to conduct the study, CareOne compared 50,000 of its female customers, focusing on their debt, income, age and marital status.

In Debt? Here’s How to Slash Your Spending

Avoiding debt can be difficult. Getting out of it is even harder. Essentials such as food and shelter cannot be cut out of your budget, seemingly leaving little space to shave your spending.

How Closing an Account Could Affect Your Credit Score

Your credit score is an intangible asset that exhibits your financial credibility. Many consumers want to protect it and keep the score as high as possible, which is understandable because a high credit score means lower interest rates on loans — the equivalent of thousands of dollars in savings on long-term loans such as mortgages and auto loans.

Are Your Financial Habits Just Bad?

I own one of those electric toothbrushes, and I brush my teeth for the full two minutes that the manufacturer suggests. This is easily accomplished, because the unit comes with a timer, which tells you when 60 seconds have elapsed. It even sends me an indication every 30 seconds so I can further divide the time to brush the four areas of my teeth evenly.

How a Solid Credit Score Saves You Money

There was a time when I had no real interest in my FICO score. I always thought it was just another number and wasn't sure just how relevant it was to my day to day living. But I was wrong.

Book Review: Hot (Broke) Messes - How to Have Your Latte and Drink it Too

Nancy Trejos is a personal finance writer for the Washington Post. While she was advising readers on financial problems, she was actually so broke that she had to ask her hardworking immigrant parents for money.

How to Afford Payments on Your Adjustable Rate Mortgage

So you’ve managed to keep your house, your job, and even your credit report clean during the economic meltdown. But, the storm’s not over just yet. The second wave of foreclosures and economic instability is gearing up to wreak havoc. And what’s worse, you’ve just realized that you are in the middle.

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