Do You Need Credit Monitoring? How About a Free One?

Your credit situation can be a big deal. Changes to your credit situation can result in problems with getting approved for a loan, or require you to pay more in interest when you are approved. Some employers look at your credit report to get an idea of whether or not you present a risk, and … Read more Do You Need Credit Monitoring? How About a Free One?

The Pros and Cons of Credit Union Credit Cards

If you are looking for a credit card with better terms and conditions than the big banks, your local credit union may hold the perfect solution.  Credit unions are smaller local financial institutions that have been increasing in popularity for many consumers looking for better services. Because credit unions are smaller than the larger, more … Read more The Pros and Cons of Credit Union Credit Cards

Are You Comfortable with Your Level of Debt?

A couple of years ago, a friend of mine made this interesting observation about his financial situation: “I’m comfortable with this level debt. I’m paying it down, but I’m not too worried about paying it down quickly.” This was the first time that I had ever talked to someone who admitted that he just didn’t … Read more Are You Comfortable with Your Level of Debt?

3 Things Mortgage Lenders Look for in a Borrower

With the mortgage rates at historic low and the housing market recovering from the crash, more people are thinking about accessing home equity or buying a home. Over the past few years, lenders are starting to ease their standards a little bit, so it is easier to get a home loan, but getting a loan … Read more 3 Things Mortgage Lenders Look for in a Borrower

Pay Down Your Credit Card Debt Faster with a Balance Transfer

Getting out of credit card debt can be a long and fraustrating process. Every day, interest accumulates on the money owed and every month the bills do not seem to get much smaller. This is particularly true if you pay close to the minimum, which costs you hundreds of dollars in interest and leave you … Read more Pay Down Your Credit Card Debt Faster with a Balance Transfer

3 Ways to Avoid a Student Loan Debt Crisis

One of the realities of our higher education system is that student loans are increasingly a part of the landscape. According to the Wall Street Journal, two-thirds of students graduate with student loan debt. And according to ConsumerReports.org, student loan debt has surpassed credit card debt in the United States. Student loan debt is so … Read more 3 Ways to Avoid a Student Loan Debt Crisis

What is the Best Way to Pay Off Student Loan Debt?

The Debt Guy contacted me with this problem: I have currently taken some steps to attacking my debt situation. I have accrued $120,000 in student loans and my own personal finances are indebted. I have recently overdrafted my account severely, and I have about $440 on my credit card. I still owe $2,500 on my … Read more What is the Best Way to Pay Off Student Loan Debt?