Once you have listed everyone you owe, determine how much you can pay each creditor and how long it will take to pay back each debt. Generally, it is good to limit the amount of credit you owe (excluding your home mortgage) to no more than 10 percent of your monthly take-home pay. If your […]

Getting into Debt Is Simple The road into the misuse of credit is wide, broad, simple, easy, accessible, effortless, uncomplicated, painless, spacious, available and trouble free. However, there is no quick and easy way out from under a heavy debt load. With debt, in essence, you slide in and climb out – easy to get […]

Excessive debt cannot be ignored.  It will not go away.  You can ignore past due bills, but you do so at the risk of finding yourself in even worse circumstances.  A chain of events are triggered when you do not pay your bills.  Creditors can take action against you, the past due bills can be […]

Show me a person deep in debt and I’ll show you a person who feels in bondage.  He/she is so burdened down with the heavy load of debt, it is like becoming a servant to his/her creditors.  They work all day for days on end just to meet their payment obligations to their debtors.    […]

Getting into Debt Is Simple The road into the misuse of credit is wide, broad, simple, easy, accessible, effortless, uncomplicated, painless, spacious, available and trouble free. However, there is no quick and easy way out from under a heavy debt load. With debt, in essence, you slide in and climb out – easy to get […]