Is Your Car Payment Preventing You From Getting Ahead?
Not too long ago, the average car loan was amortized for five years, never longer. But, somewhere between the American financial crisis and today, car loans can now be amortized…
Simple Money Advice
Simple Money Advice Do you remember the last piece of really good money advice that you got? Who did you get it from? Was it your parents, your co-worker, your…
It’s All About the Money
OWN YOUR POTENTIAL engage, explore, evolve Potential: (adj.) Capable of being but not yet in existence. (Noun)The inherent ability or capacity for growth, development, or coming into being. “What is…
Household Credit: Use at Your Own Risk
We see signs everywhere regarding Household Credit that say "Use at your own risk" to warn us of the dangers. These signs are a substitute for the real thing. They…
Payday Loan Help
Do you need relief from payday loans? Many people like you get caught in what’s known as the “payday loan cycle”, a ‘borrowing from Peter to pay Paul’ situation where you are juggling payday loans from multiple lenders, trying to keep all of the balls in the air. The sweat begins to trickle down your forehead because you can’t see when it will end, and if you stumble, all the balls will come crashing down, leading to collection calls and wage garnishment. The problem is you don’t know where to turn, and you don’t have the money to pay back everyone on top of your regular costs of living.
Do You Need Debt Insurance?
What is debt insurance? Debt insurance is never called debt insurance, it’s called mortgage insurance, balance protection insurance, and other names. Essentially this insurance is to pay back your creditors in the event of your death or life-threatening injury or illness, depending on the specific coverage. Debt insurance has more benefit for your creditors than it does for you, and here’s why: it’s expensive, the monthly premiums do not go down although the coverage does as the debt decreases over time, and it pays only that creditor for that specific debt. Of course it benefits you too if that is your only insurance option, but it isn’t.
