Distressed credit or “distressed debt” is the debt owed by a business that is close to or already has declared bankruptcy or that has already gone out of business. These lines of credit or small businesses can be bought by investors to keep the lines of credit or the business itself open in spite of […]
The Best Way to Get out of Debt is to Never Get In It
I’ve heard about the perils of debt since I was a child, my parents made it sound like a big ugly mythical monster. Then as I got older I realized that debt was big and ugly, it just wasn’t mythical. Falling into the trappings of debt is such an easy thing to do. My first […]
How to Use Your Credit Card the Right Way
Credit cards can be great things when it comes to making big purchases, budgeting your expenses relative to your income and assets, or even just making those every day purchases from gasoline to groceries. Having a credit card can help you build much needed credit as you get older, as well as give you the […]
How to Manage Money in College
College is a fun time, as well as a time of opportunity. From learning, to living, to relationships, it provides the opportunity for young people to grow up and learn how to become functioning, healthy adults. In addition to all those benefits of college, the school years can also teach a young adult how to […]
Reduce Debt Yourself
Some consumers believe that in order to reduce their debt, they must go to a professional. The truth is, anyone can pay off their debts with hard work and dedication. You have to commit to getting rid of your debt and make every effort to do so. It may take several years—depending on the size […]