Archive for 'Debt Reduction' Category

Reducing Your Debts Fast & Slow

The inability to reduce debt and saving money are the two biggest obstacles preventing Americans from living financially sound lives. National statistics show that money problems play a role in 80 percent of all divorces. One in 54 households will declare bankruptcy. Debt is at an all-time high, particularly credit card debt. The total amount […]

Debt Reduction - Consumer Proposals

Another option for debt reduction is to hire a law firm to negotiate a settlement with all your creditors, also tagged a “consumer proposal”. Of course your credit rating is damaged through this process, but that’s a price we have to pay when we let our debts get out of control. These arrangements are similiar […]

Debt Reduction - Home Equity options

When you’ve exhausted all personal assets as far as liquidating and you still have so much debt that your interest rates are overwhelming, you can then look at a home equity loan. This is an option you don’t want to use, but it may be all you you’ve got. You can take out a second […]

Debt Reduction - Liquidating Assets

When you are starting out on the road to clean up personal debt, you need to start with the obvious and that is simply paying off your debt with assets you currently have. I know that most people with money problems think they don’t have assets they can use to pay off debtors, but it’s […]

Debt Reduction - Series On Debt Reduction

This coming week I’m going to be writing a series of posts on debt reduction, and I’m looking forward to it. What comes from managing a site like the World Of Financing, is you get to read emails and form submissions from people who are badly in debt. It’s sad to say the least.
I declared personal bankruptcy […]