Debt Management

Understand Credit Card Grace Period Due Dates


Credit Card Accountability Responsibility and Disclosure Act of 2009


Getting control over your credit cards is one way to help begin frugal simple living. Credit cards are convenient and sometimes we have no choice but to use them. In some cases the only payment a merchant will accept is a credit card. Other times when we don’t have the cash available and we have to spend the credit card is the only way. So credit cards are part of life and we have to accept that.

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Posted by Carmen - January 20, 2012 at 10:45 pm

Categories: Credit Cards, Credit Cards, Debt Management, Money & Finance   Tags: , , ,

Frugal Living and Loving It

Frugal Living and Having Fun

What does “Frugal Living” mean to you? Probably it raises visions of generic brand food products, rinsing out plastic bags to reuse again and generally making do with less.

Most of us feel frugal living is just a rationalization for a reduced income. If we live in a frugal way it is because we just don’t make enough money to live in an enjoyable way. When you put it that way it certainly does not sound appealing.

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Posted by readabook - January 13, 2012 at 10:51 pm

Categories: Debt Management, Money & Finance, Retirement   Tags: , , , ,

Pros and Cons of Reverse Mortgages

Interest Rates on Reverse Mortgages

Typical european house

Here is some advice on what to consider before taking a reverse mortgage from the AARP

Do you really need a reverse mortgage?

Financially these are expensive so you must be very careful when you consider this option.

Can you afford a reverse mortgage?

These loans are expensive and the amount you owe grows larger every month. Also, due to high up-front costs, these loans can be especially costly if you sell and move just a few years after taking one out.

Can you afford to start using up your home equity now?

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Posted by Carmen - March 16, 2010 at 9:17 am

Categories: Debt Management, Money & Finance   Tags: , , , , ,

Do Bad Credit Reports Affect Your Job Prospects?

Credit Rating Scores

Did you know that employers may consider your credit rating and history when they are deciding whether or not to hire you. A bad credit report could keep you from getting a job. Currently, Congress is considering blocking employer access to most credit-report data, but for now it is still legal for companies to consider it. Jason Morris, president of a company that runs background checks for businesses, says employers should have access to the data. “If an employer is on the fence about an applicant, credit reports can be valuable—particularly if the job includes fiduciary responsibilities,” he says.

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Posted by Carmen - October 7, 2009 at 3:20 am

Categories: Debt Management, Money & Finance   Tags: , , ,

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