Debt can when done properly benefit you as it can help you to buy a home, buy a family car, invest in education and improve your standard of living. Debt however can have disastrous effects if you begin to borrow too much money. Some of these problems include: Running out of money Unable to deal […]

When considering how to pay off debt or raise money for a large expenditure, most Americans think of those approaches with which they are most familiar.  These can include cutting back on discretionary expenses, taking a second job, cashing out certain investments, etc.  These are known and useful ways to make your money last longer. […]

In order to reduce debts, and be eligible for loans and credits with better interest rates, you can try to repair your credit scores. Credit scores are the reports which provide evidence of your credit behavior in the past, and thus offering your creditor the insight into how big a risk you will be for him, when giving you the money. Repairing your […]

** Author’s note: While this article uses a Canadian example the same can be applied for the United States and other countries across the world as the principles of personal finance are the same regardless of the country. ** According to Statistics Canada the average personal debt to disposable income ratio in Canada was still […]

Are you under the pressures of recurring debts that you took as loans a long time ago? Have you not been able to pay back the loans in time and now you are afraid that you have to take debt help from the different debt management bodies? Do you think that the creditors will not […]