Pay Debts in the Current Economic Climate

Written by Rebecca Diaz on April 6, 2010 – 1:36 pm

In the third quarter of the year 2008, it was noted in figures that the occurrence of personal or individual insolvencies had increased by 8.8 percent in comparison to the previous quarter. Additionally, the numbers in these figures for 2008 proved to be 4.6 higher than the third quarter from the previous year. These numbers are showing in relative clarity that the economies within both England and Wales are continuing to take a downward spiral along with a great deal of the rest of the world.

Bankruptcies have also risen in a similar manner with an apparent increase of more than 12 percent in comparison to the second quarter of 2008.

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Dave Ramsey Financial Peace University Review: Week Eight

Written by Timothy Wood on April 5, 2010 – 9:39 pm

This week’s lesson was about how to find big bargains. I thought this was kind of a funny topic because the last thing people in debt need to be doing is shopping. But then I realized that the lessons are starting to transition to topics that will be used after the class becomes debt free. Learning how to get big bargains is a great way to save money and become debt free, as long as you’re getting bargains on things you need. Dave didn’t say this, but I will. A bargain, no matter how big, is never a bargain if you don’t need it or won’t use it. I know plenty of people who find “deals” all the time on stuff that just ends up cluttering up their house. That kind of

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The Dos and Donts of Credit Scores Pt 1

Written by Rebecca Diaz on April 5, 2010 – 10:17 am

A credit score is a really important indicator on how likely you will be to default on a credit card or a loan. Your credit score is determined by a number of different factors, including your payment history, the amounts of money that you owe, the length of credit history, new credit, and what types of credit you are using. Do you pay your bills on time? Do you have any recent late payments? How many times have you been late? Are your cards maxed out, or have you accrued a large amount of debt? How long have you been making use of credit, and have you managed to establish a good credit history?