5 Tips for Paying Off Student Loans

Student
Student

Paying off student loans, especially when the balances often total more than a year’s salary can be an intimidating task. For those who want to get better with their student loan repayment, here are 5 tips to make it happen in less time and with less pain. Get Creative Often times the most overlooked ways to pay off student loans can be the most creative. The internet is filled with inspiring stories of real students paying off their loans. Whether you start a small side business, cram roommates into your apartment, or spend your free time taking surveys online, every little bit of effort can significantly reduce the time you spend paying back the loan, and the interest you have to pay in the process. Avoid Credit Cards Many often try to get zero or low interest rate credit … [Read more...]

When Your Deadbeat Partner Ruins Your Credit

woman credit
woman credit

If you suspect that your partner is wrecking your good credit it can be a frightening situation. How do you really know what’s going on?  How do you protect yourself? How can you clean up the wreckage? These are just a few of the important questions you need answers for pronto.  The good news is you have options and you don’t have to let Mr/Mrs. Spendthrift trash your financial future. The thing is, when your partner sinks their credit, this behavior can have far reaching consequences for you.  My guess is you’ve worked way too hard to get to where you are today to sit back and let that happen. Let’s break this problem down, discover exactly what’s going on and how to protect yourself. Credit Report One of the very first things I’d do if I thought my spouse was financially … [Read more...]

#MoneyChat: Real Talk About All Things Money and Business

moneychatbook
moneychatbook

Today we have an interview with Dorethia Conner Kelly, brilliant author and mastermind behind #MoneyChat - The Book!  I truly enjoyed her book as she gets real about money issues and how to solve them with real world solutions.  Check out her insightful interview below! Get a FREE chapter of #MoneyChat: The Book here: http://ow.ly/GKrCn via @dorethiaconner What is someone's ‘#MoneyChat’? Your #MoneyChat is what you SAY and DO with your money. I believe the two are directly related and that you have to change what you say in order for your actions to follow. #MoneyChat’s are the conversations you have with friends, colleagues and family at lunch, at the coffee shop, in the car, during game night… do you join the pity party or bring positivity to the conversation? Are you sharing the … [Read more...]

Get Over Debt- How Women Do It

credit-card-debt
credit-card-debt

Regardless of gender, debt can often seem insurmountable. Whether you have a mountain of credit card debt or huge  student loans, you may feel that you might never repay all of it- let alone chip away a large chunk of it. No worries, you're not alone! Debt, for sure, is no trivial matter. We can pay it down with a plan and perseverance. If you're in a financial rut, you need to assess how far up the creek you might be.   To get out of debt, you need to change your lifestyle. Fall back on the impulse spending and embrace frugality.  Be diligent about lowering your expenses and cutting back on your spending. Some people were all about doing whatever it takes to achieve financial independence. They flip burgers, deliver pizzas, wait tables, babysit, clean houses, etc Pay as … [Read more...]

How to Get Credit Card and Bank Fees Reversed

bad_credit_loans
bad_credit_loans

Never underestimate the power of a phone call. Seriously. That one person-to-person call can help you get out of all sorts of fees and penalties as far as your credit card companies and banks are concerned. If you have ever opened a bank or credit card statement only to be shocked at a fee you don't recognize, here are the steps you need to follow. Keep in mind that these techniques don't always work. There are some fees and penalties that can't be waived-regardless of customer service implications. The good news is that in many cases, your bank or credit card company would rather retain your business than collect on a relatively small fee. Step #1: Get a clear understanding of the fee or penalty involved Chances are, if you are like most consumers, you didn't even bother to read … [Read more...]

Hacking Into Debt Free Living with Ginger, Lori and Cher!

Ginger Lori
Ginger Lori

Girls (and guys) just want to have FUNDS right? But does having FUNDS = No fun? Join me as I chat with Lori about hacking into a debt free financial future. Tonight we'll encourage accountability, share wealth building/credit slashing strategies and take the shame out of having debt! Join us TONIGHT to get inspired, learn some of her strategies and commit to getting back on track, so you can be in a credit crushing mindset way before your holiday shopping begins. Click here: https://plus.google.com/u/0/events/cu8i0nr4s6ppbg738ikpe7u8nvs to join us in 30 minutes!   … [Read more...]

Funding Your Education: 8 Student Loan Alternatives

student-loan-debt-2
student-loan-debt-2

Going to college has never been considered cheap or easy but with college tuition on the rise with no relief in sight, it’s becoming nearly impossible to graduate from college without being sunk in debt from the get-go. With more than 60% of students having to take out student loans, than means than more than half of college grads are entering the workforce already in debt up to their eyeballs. There are some alternatives to taking out loans that should be considered to help soften the burden of tuition. Consider trying a few of these strategies to help fund your college education. Scholarships Scholarships are “won,” usually through following specific guidelines and can be found through many sources. Each college will have its own scholarship program and can be academic or … [Read more...]

How To Stop Hiding From Your Debt Conquer It Once And For All

debt
debt

Whether loans or credit card debt, the old saying 'Out of sight, out of mind,' won't do you much good. In fact, it can lead to disaster. You have to face your debt squarely or it's going to demolish your financial future. This is especially true when it comes to credit card debt. You can try to dance around your debt load by paying the bare minimum. When you do this, the only winner is the credit card company. Every time you pay only the minimum, your debt gets larger and larger thanks to compound interest. Avoiding your debt by giving it the bare minimum isn't going to make it go away. Things will only get all that much harder when your debt grows to the point where you can't ignore it anymore. Now is the time to nip that looming debt disaster in the bud. Here are some practical, … [Read more...]

How One Woman Demolished $14,000 In Student Loan Debt

StudentDebt
StudentDebt

Congrats you have a shiny new degree - now what?  Let's sum it up: you just spent the last four years of your life getting a college degree, you've put on the cap and gown and now it's time to start your new life in the real world.  But how can you do that if you graduated with a ton of student loan debt? The reality of student loan debt in America For many college students loans are a part of life.  According to Forbes the total student loan debt in America is over $1 trillion.  "Two-thirds of students graduating from American colleges and universities are graduating with some level of debt." It's great to have financial assistance while studying and some students wouldn't be able to afford their education without student loans.  However the cost of student loans can add up very … [Read more...]

Got Bad Credit? Follow These 6 Effective Tips To Get a Bad Credit Loan

bad_credit_loans
bad_credit_loans

Bad credit sucks.   But most people have a period of time in their lives that their credit is not perfect.   In our credit driven society, those with bad credit know that it is very difficult to live without access to credit.   Fortunately, it is possible to get a loan with bad credit.   Of course, interest rates are higher for those with bad credit because they pose more of a risk to the lender. The more responsibly they handle credit, though, the higher their credit scores will be. Following these tips will help someone with bad credit get a loan and begin to establish a better credit rating. 1. Consider a payday loan - with caution. Make no mistake payday loans are the devil.  The come with high interest rates and unforgiving fees if you're late or delinquent.  They are made … [Read more...]

I’m a collection agent. Here’s how you get rid of me

collection agency
collection agency

Let's say you owe money.  This could be a medical bill, old cell phone bill or even a delinquent credit card balance that a lot of late right now.  Now you have an annoying collection agent calling you throughout the day and even on weekends and you find yourself screening every call that comes through.  You might as well have debt collector PTSD.  You hide from phone calls, avoid opening the mail, have nightmares about being yelled at by a debt collector - the whole thing is just a mess! Have you been there?  Maybe you have, it's possible you haven't.  But if so, let's talk about how to get rid of the collection agent. Here's the thing, delinquencies happen.  Sometimes we forget to pay a bill and it gets forwarded to a collections agency who then starts harassing you for payment.  … [Read more...]

Manage Your Business Finances Like A Boss

credit-card-payment
credit-card-payment

Getting ahead in business can often seem like being Alice trapped by the Red Queen. You need to run as fast as you can just to stay where you are, never mind catching a break and really pushing forward. However, while juggling stock inventories, staffing, market penetration and finance can be a hard task, there is a way to make life easier. Taking a serious look at your finances isn’t always about cutting back or shifting money to avoid over extending yourself. It’s just as important to streamline the way you keep track of your money. Having a consolidated, secure and easy access credit account stops you spending time better spent on your business chasing something as simple as account reports. With that in mind, it is worth seriously considering a Gold business card from American … [Read more...]

The Rewarding But Dangerous Risks Of Credit Card Churning

woman-with-credit-cards
woman-with-credit-cards

Credit card churning is the process of applying for credit cards several times a year, spending on them to earn a big introductory bonus, and then closing them out before the annual fee comes due. There is a small but vocal community of people who do this as a hobby, and earn thousands of dollars in rewards each year in the process. Credit cards regularly offer rewards of $200 - $500 or more for signing up and people who churn do it for this simple reason: You can earn much more than the standard one point per dollar (a 1% cash back rate) a single card offers. Instead, if you put your spending toward meeting bonus offers you can earn much more than that. For example, you might find an offer that gives you $400 in reward points after you spend $3,000 in 3 months on a new card. So … [Read more...]

Will Credit Counseling Services Help Or Hurt In The Long Run?

debt collection2
debt collection2

If you're already in debt up to your eyeballs, how can you not take a second look at advertisements promising to lower your monthly payments with a debt free ticket just 24-48 months away?  With so many people living paycheck to paycheck, mounting concerns about how to make ends meet and keep food on the table keep some up late at night. So when you're presented with the possibility of killing the debt within 2-4 years with an overall lower payment as opposed to 10-20 years paying the minimum payment then you can't help but be enticed. But before you go signing up for the debt counseling/management plan, it's important that you ask yourself the following questions: Will Participation In a Debt Counseling Plan Ruin My Credit? Yes.  In most if not all cases, whether, you're … [Read more...]

Surprise! Your Cards Have Been Hacked! Now What?

target-breach
target-breach

If you happen to be a lucky Target, Neimans or Michael's shopper then you may have received some unsettling news that your card data may have been breached by credit card hackers.   For example, specific to Target, the breach involves purchases made in stores and not online and the compromised information includes: Name Credit card number Expiration date 3 digit security code What's My Next Step? If you've shopped at any of these stores then taking a "nothing is safe" assumption is best and your next step should be to monitor and safe guard your information.  Check all card accounts that you may have used to shop at any of these stores and report any suspicious charges to your bank.  By now, your bank has been alerted by the stores in question and monitoring all of their … [Read more...]