Archive for the 'Debt' Category


Free Credit Score from Credit Karma

I’m always on the lookout for free credit scores! Since it’s Free Money Friday, I thought it was the perfect time to highlight another one. Lazy recently told me about Credit Karma, which offers you free access to your credit score daily.
How to Get Your Free Credit Score

Enroll at Credit Karma.
Verify your email address [...]


Read the full article »

Making Home Affordable Program Launched

The details for the Homeowner Affordability and Stability Plan were released yesterday. The new title of the program is “Making Home Affordable.”
There are two components for home owners, refinancing and loan modifications. Participation is voluntary and the lender has to choose to participate. Details of both plans are below.
Home Affordable Refinance
Borrowers who haven’t been [...]


Read the full article »

Get Out of Emotional Debt

Finding creative and inspirational ways to help you repay your debt can keep you motivated and moving the the right direction.
One of the sad things I found when helping my brother-in-law get out of debt, was that he couldn’t even remember where he spent most of the money. Without knowing where the money went, [...]


Read the full article »

Gettin’ Out of Debt: Part II

Five years have passed since I helped my brother-in-law on the path to get out of debt. He’s learned to only spend what his paycheck brings in and is considering buying a house.
Because his credit report was trashed from late payments, collections, and settlements, he wanted me to check into the statute of limitations [...]


Read the full article »

Gettin’ Out of Debt

I recently got an email from a reader, Brenda. She’s worried about her family members who found themselves under a mountain of credit card debt.
Originally they were able to keep them current and had good credit ratings. Unfortunately, when the husband lost his job last summer, they fell behind on the credit cards and the [...]


Read the full article »