Filing bankruptcy is much worse that it seems. Follow these six steps to avoid bankruptcy at all costs. Filing for bankruptcy is pretty much a last resort when you absolutely cannot see any other way out of your financial problems and need a personal finance do-over. The problems caused by filing for Chapter 7 go way beyond just losing some of your current assets and can haunt you for years. … [Read more...]
10 Types of Loans and Which is Best for You
The Best Types of Loans for Your Need and How to Get the Best Rate So much time is spent talking about how to pay down debt and why you should avoid debt altogether that it’s easy to forget there are many different types of debt. Use any one type of loan for the wrong use and it could send you into a debt spiral. Use the right loan for the right need though and it can help you do something not … [Read more...]
How Much do Bad Credit Loans Really Cost?
The real cost of bad credit loans comes from years of interest payments but there is a way out We saw last week how rates on payday loans can approach 500% and the real cost of cash advances. Today I thought we would look at how much bad credit loans actually cost when you factor in all the interest payments. While rates on bad credit loans don’t even come close to those from payday lenders, … [Read more...]
How Much Does that Cash Advance Really Cost?
Understand the real cost of cash advance and payday loans to find better options I posted a review of some of the best payday loan sites for bad credit a few weeks ago with the disclaimer that these quick loans are rarely the best option. I wanted to go back to the idea because I don’t think a lot of people understand the true cost of a cash advance. The loan fee charged on payday loans may seem … [Read more...]
Best Personal Finance Tips from Around the Web
This post is a weekly roundup of the best personal finance advice from around the web. I follow a lot of the personal finance bloggers on the internet and select the best posts every week for this roundup. I've summarized the posts below but there's still a ton of detail within each article. Click through to the posts and be sure to tell the blogger where you heard about their blog. I'm always … [Read more...]