Archive | Debt RSS feed for this section

tips for when you’re behind on your credit card payments

Last week we walked through the process of what happens if you have credit card debt and can’t pay (read Part 1 and Part 2).  Today, we’ll offer some additional tips on how to handle that situation… Pay For The Essentials – Have you ever noticed that when smart people are put in pressure-packed situations, […]

what happens if i have credit card debt and can’t pay? (part 2)

Yesterday, we talked about what happens during the first few months when you haven’t paid your credit card bills (Read Part 1 here).  Today, we’ll pick up with what happens after 6 months. 3. 7-12 Months Late – While every credit card company is different, at this point, your debt/account may be turned over to […]

what happens if i have credit card debt and can’t pay? (part 1)

Before we can really address how to get out of this mess, it’s important for you to take a step back and determine what caused all this in the first place.  You have to address the problem and learn from it, so it never happens again. If you get into a situation where you have […]

how can you pay for college without the help of financial aid?

Rob a bank. Win the lottery. Sell your younger brother on eBay. There are plenty of ways to get money to pay for college, although the ideas we just listed may not be the best. Paying for school without the help of financial aid is pretty difficult.  But financial aid isn’t just about loans, but […]

how do i decide which bills to pay if i don’t have enough money?

Sometimes, despite our best efforts, our bills add up to more than we have. Although it’s tempting to ignore the problem, that will only cause more difficulty.  Here are some tips on how to handle this short-term emergency. 1. Make a list of every payment owed, when it is due, how much is owed and […]

if i get a student loan, will my credit score be a factor?

Yes and no. It all depends on the type of loan that you get.  (To better familiarize yourself with student loans, check out this post titled “I Need All The Information I Can Get About Student Loans!”) The nutshell is that there are two types of loans: Federal Loans (backed by the US Government) and […]

is there a way to have a credit card but only use it for really expensive things?

If you have a credit card, you can use it for just about anything you want to.  Once you get a credit card, they give you a credit limit which is the maximum amount of money you’re able to charge to that card, but a credit card company really doesn’t care what you spend it […]