I received a press release last week about a company providing short refinancing. It’s similar to a short sale — convincing your mortgage lender to accept whatever you can get in a sale of your house — in that your mortgage lender has to be willing to take less than what you owe for your [...]

It’s pretty normal to see people gearing up for some major spending around this time of year. In years past, that has translated in to some pretty heft credit card bills in January. But at least a few people are working on having a credit-card free Christmas.
Rising Interest Rates
Many credit card companies have higher interest [...]

Folks who bought their homes when housing prices were peaking are in a rough spot: many have minimal equity in their homes and owe far more than the house is actually worth. More than a few people in this situation are seriously considering just walking away. Rather than trying to keep up with payments on [...]

There’s a few more ads for debt settlement firms on TV these days. You know: the companies that promise that they can settle your debts for far less than you owe — even for “pennies on the dollar.” Most of those companies can’t follow through on their promises, though, and some are outright scams.
Most debt [...]

Despite the bad news in the business section, many of us are still doing okay financially. It’s hard to tell if things are going to stay that way, so a lot of people are looking at ways to ensure that — if something does happen to them — they’ll still be okay. There are two [...]

As a general rule, we like doing things the way we’ve always done them. Making changes may require time and money in the short-term, and we don’t always have either immediately.
But leaving things the way they’ve always been — sticking with the status quo — can keep you from making financial progress in the long-term. [...]