Time-Barred Debts: Statute of Limitations
When you take on a credit obligation, or liability, you normally sign an agreement or promissory note requiring pay back of the debt. What you’ve just done is incurred what’s referred to a…
When you take on a credit obligation, or liability, you normally sign an agreement or promissory note requiring pay back of the debt. What you’ve just done is incurred what’s referred to a…
As I mentioned yesterday, the path to getting out of debt can sometimes be aided by consolidating your credit cards or loans. You might, for example, transfer your credit card balances to the one card…
The last three weeks have been pretty lousy for my push to get rid of the credit card debt before summer (summer? When did I decide that? Just now, I guess). With a total balance of about $5,500, and …
It’s been a couple of weeks since I shared details of my push to get rid of the credit card debt. I’ve been diligently taking out exactly $100 from the ATM to spend from Saturday morning t…
This was a pretty good week for saving money. Last weekend, I took my strict $100 out of the bank for the next seven days, but I also ordered a small-ish present for my wife, which cost about $50. As …
In my most recent debt update, I re-committed to spending a fixed amount of money on discretionary items during the week, instead of trusting my self-disciplined use of a credit card. I got $100.00 ou…
Imagine your income were sliced in half while your debts remained the same. How would you prioritize your payments? For those who have only credit cards, I’ve always suggested using, or at least…
A lot of things seem to be coming into place for me lately. Not in the “I finally have enough money that I can stop worrying” kind of way, but more in the “I’m finally acting l…
The last time I talked about my credit card debt here, one of our community said that he didn’t know the specific numbers of my problem, and it got me thinking that I’ve probably lost sigh…
I suppose you could live your entire life without going into debt, though modern middle class society in the United States seems to be designed to require at least some debt. Even if young adults can …
This article is presented by Kelly Whalen, Consumerism Commentary staff writer. Like many Americans my family has debt. We are working diligently to pay off our debt. We’ve slashed expenses, giv…
Welcome to the 10s! It is unlikely this year will resemble Arthur C. Clarke’s classic science fiction novel. Rather than preparing for contact with intelligent life from another world, we could …
I’ve had thousands of dollars in credit card debt since 1997. I remember applying for a job in March of 2001 which I calculated would help me erase my credit card debt in about twelve months. I …
I consider payday loans one of the worst forms of debt. That being said, in states where these services are still legal, they provide a way for struggling individuals to afford necessities like food a…
Earlier this year, I suggested starting the decade off right by paying off debt. In general, debt is something that should be eliminated. Credit card debt is expensive and often unnecessary, personal …
Happy Friday. It’s been about a month since my last credit card debt update, and I’m pleased to report that I’m still committed, and the plan continues to work. The weather is gettin…
According to an online poll conducted by the National Foundation for Credit Counseling (which exists to encourage you to set up a payment plan, but that doesn’t necessarily make their data suspe…
Happy Vacation-makes-finances-a-bit-messy Friday! It’s been about a month since my last credit card debt update. Since then, we managed to pull off something akin to a coup or a miracle. With he…
I mentally separated my two credit cards into “Legacy Debt” and “Newer Debt”. The former has been with me on a variety of cards, banks, and interest rates since 1997, but in th…
On the surface, it seems like it would make sense to enroll in a biweekly mortgage payment plan. In theory, these biweekly mortgage programs offered by lending servicing companies work by allowing you…
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