Debt Management Plan Blog

A New Year's Goal

Originially published 12/10/2010. Updated 11/20/2014 Every year millions of us make a resolution to lose weight, exercise more, or eat healthier. Sometimes, after getting off to a great start, we revert back to our old habits. Unfortunately, money habits can be just as difficult to change as eating and dieting habits. The challenge may be setting a goal that is achievable. Sometimes it helps to set a large goal, with several small goals along the way. For example, Katie would like to...

Posted on Nov 20, 2014

Straight Talk on the Debt Management Plan

What is a Debt Management Plan and how can it help you gain control of your bills?

Posted on Oct 06, 2014

Getting Out of Debt, Confessions of a Credit Counselor

A credit counselor shares her story of taking the leap and asking for financial help.

Posted on Oct 06, 2014

Three Examples of Why You Should Check Your Credit Report

We see the commercials telling us to check our credit reports, but many people do not. Here are three examples of why we should take the time to get our reports.

Posted on Sep 15, 2014

Get Rich Quick, How to Tell if It Is Real

We've all had the pitch, "do what I do and you'll make thousands of dollars a month." Are any of these schemes real and how can we tell?

Posted on Jul 11, 2014

Debt Relief, How to Tell the Good Guys from the Bad Guys

Recent news that a payment processing company agreed to pay more than $1 million to settle a Federal Trade Commission (FTC) complaint is a reminder to all of us to be careful when considering companies or organizations that say they will help you reduce your debt. There are legitimate organizations that will help you, but it can be difficult to tell the difference between a legitimate service and a scam without gathering some information up front.

Posted on Jun 13, 2014

Debt Free Via Debt Consolidation Loan Options

For many people overwhelmed with debt, their repeating thought is, “if I could get a loan to consolidate these bills, it would make the payments manageable and I would be able to get out of debt.” While consolidating debt is an appealing way to bring payments under control and manage debt, there is another way to accomplish the same thing with great results and someone to help you every step of the way.

Posted on May 01, 2014

A Tax Break that can Boost Your Efforts to Reduce Debt

As tax time approaches one important federal tax program might provide you a good way to put some money away into savings as you work on improving your financial situation. Financial experts differ on how much you should have set aside, but agree that you should have something to prevent you from relying on credit to pay for emergencies. Like any federal tax incentive or credit that focuses on a particular group, the Earned Income Tax Credit and the accompanying Child...

Posted on Jan 24, 2014

Take a new view of the debt snowball

Just as there is no diet that works for everyone, the best and fastest way to reduce debt is whatever works for you. We all have different stories about how we got into debt and different personality traits will call for different strategies to get out. The good news is any of these plans will create financial freedom. The most commonly advised debt reduction strategy is called the “snowball.” Specifically, picture a snowball rolling down the hill and getting bigger. Usually...

Posted on Jan 17, 2014

Simple Resolutions Can Make for a Financially Successful 2014

If you’re in a position where New Year’s Day 2014 finds you in a better financial situation than you were at the beginning of 2013, even if only a little bit, congratulations! If your situation is not better, take heart. Making a positive difference doesn’t necessarily mean making huge changes. With it being resolution time as the New Year begins, understand that small changes can, in the long term, net big differences down the road. You might be in a situation where...

Posted on Jan 01, 2014

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