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Tag Archive | "Debt"

Debt Settlement Companies

Monday, April 20, 2009

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Yesterday in The New York Times there was an article about debt settlement companies.  The article features one West Virginia family who used a debt settlement company to try to manage their thousands of dollars of credit card debt, only to end up with higher credit card balances than before.  The company took around $4,000 from [...]

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Tip of the Day: A Strategy for Saving (3/2/09)

Monday, March 2, 2009

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Today we have a video of Dennis Johnson as he gives some tips for saving money. He says that your expenses should be less than your income, and that you need to develop a budget so you’re able to save some money. If you have debt, incorporate the repayment into your budget. [youtube=http://www.youtube.com/watch?v=omBhqZD7zWA&hl=en&fs=1]

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Tip of the Day: Don’t Use Home Equity Loans to Pay Off Other Debt (2/27/09)

Friday, February 27, 2009

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For our tip today we have a video where Dennis Johnson talks about taking out home equity loans to pay off other debt—something he does not recommend. [youtube=http://www.youtube.com/watch?v=M1lr0oQsO-M&hl=en&fs=1]

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St. Louis Beacon: How could so many of us have been so wrong?

Thursday, January 29, 2009

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Originally appeared in the St. Louis Beacon Written by: Mary Delach Leonard Posted 3:13 p.m. Wed., Jan. 28 – In the grand scheme of the U.S. mortgage meltdown, Stacy Haynes of St. Louis is just one in 2.3 million.  That’s the number of U.S. property owners who received foreclosure notices of some type in 2008, according to RealtyTrac.com, [...]

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Now is the time to build up your cash reserves…

Friday, January 16, 2009

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Click here for the link to the story baltimoresun.com Now’s the time to build up your cash reserves By Jay Hancock January 16, 2009 The scarcest things in any financial crisis are cash and credit. That’s why, even as the country becomes reacquainted with words such as frugal and responsible, you should be careful about paying off debt if it [...]

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St. Louis Beacon – We Want it Now: Attitude Fuels Credit Crunch and Mortgage Crisis

Tuesday, July 8, 2008

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July 8, 2008 Originally published by The St. Louis Beacon on Tuesday, July 8, 2008: By Mary Delach Leonard, St. Louis Beacon staff Online, consumers share their struggle to reduce mountains of debt. Credit card debt helped set the stage for the mortgage crisis, psychologically and financially. She is a 34-year-old married mother of two who is whittling [...]

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