Debt

What Happens When You Default on Your Loans

What Happens When You Default on Your Loans

Do you know what happens when you default on your student loans?   If you are not familiar with the word, let me explain. Default occurs when you fail to pay your monthly loan payment.   If you are in debt, you know that particular […]

The Emotional Burden of Debt

The Emotional Burden of Debt

Debt has a way of adding emotional pressure on an already stress filled life. Know that there are people and resources to help you get through any financial situation. There is always hope.

If You Want to Get out of Debt, Please Pay More than the Minimum

If You Want to Get out of Debt, Please Pay More than the Minimum

Do you pay more than the minimum payment on your loans?   If not, you should start. By paying only the minimum, you are missing out on thousands of dollars.   Do you know how interest works?   If you have debt, you have interest. […]

Pros and Cons of Refinancing Student Loans

Pros and Cons of Refinancing Student Loans

  Loans, loans, and more loans.   I can’t be a personal finance blogger without speaking on the issue of student loans.   We all have them or know someone who has them. The burden they bring can be emotional and physical.   Regardless what […]

How Car Loans go “Upside Down”

How Car Loans go “Upside Down”

I am “upside down on my mortgage” is a common phrase. But what does it mean? In short, it means that you owe more than the value of the property.   Upside Down Loan Illustrated   Unfortunately, assets tend to swing in value depending on […]