Archive for the ‘Debt’ Category

How to Choose between Different Types of Mortgages

by: Rachel Jackson
With so many different types of mortgage available, it’s difficult to determine the right one for you. Before you start looking at available mortgages, however, it’s important to first evaluate your finances, as your financial situation is an important factor that will dictate the type of loan you need, and how much you [...]

April 16, 2009   Posted in: Debt, Personal Finance  2 Comments

Understanding the Mortgage Meltdown; What happened and Who’s to Blame

by: Richard Gandon
People are losing their homes and many more will lose their jobs before the mortgage meltdown works its way through the system.
To paraphrase Alan Greenspan’s remarks on March 17th, 2008, “The current financial crisis in the US is likely to be judged in retrospect as the most wrenching since the end of the [...]

March 25, 2009   Posted in: Debt, Personal Finance  No Comments

Credit Cards: Friend or Foe? Part 2

Moving on to debit cards… the convenience they provide is outstanding. What’s lurking in the background isn’t quite as pretty. Debit cards have fewer protections for the consumer. The money you draw upon is typically from your checking account and therefore, your money. The banks have less of a reason to resolve cases involving debit [...]

March 24, 2009   Posted in: Debt, Personal Finance  No Comments

Credit card debt, what it does to us, and how to deal with it.

Are you overwhelmed by the amount of debt you have? Have you been late on your credit card payments or struggled to make a payment? Does debt just keep piling up? Being in debt can be such a great burden on your life keeping you form taking care of other important expenses.
Having debt will also [...]

March 23, 2009   Posted in: Debt, Personal Finance  No Comments

Credit card- Advantages and disadvantages

Author: Carmin Olivier
A credit card can be an asset to your lifestyle, but if not handled carefully it can become a liability, especially if you find it so convenient and easy to use that you lose control of your spending.
This short guide will help you understand how you can use your credit card so it [...]

March 16, 2009   Posted in: Debt, Personal Finance  No Comments