Posts filed under ‘Debt Reduction’
Did you know that homeowners paid or will pay 580% interest in the first year of their 30 year mortgage?
Neither did I. But a Realtor in Mobile, Alabama wanted to enlighten the public and Dave Ramsey about this and tried convince us that United First Financial’s $3,500 computer software was worth every penny. (more…)
CNNmoney recently featured an article highlighting key things that debt consolidation companies can’t do. One of which happens to be illegal. But, people keep falling for these ‘con’-sters because of the hole they’ve dug themselves in with debt. If you’re in the thick of it and can’t see a way out, don’t fall for these common myths about debt consolidation companies. (more…)
Here at MoneyTalk, we’ve talked a lot about the importance of financial planning and management. Without planning and good money management, the odds are pretty low in reaching financial success. This post is a break down of the ten major components of a healthy financial plan and how they can help you get back on track with your finances and life.
By watching television just a few times a week, you’ll notice a number of commercials pushing debt consolidation loans. You can save on interest and get a smaller monthly payment. That sounds great! The truth is that most of the time debt consolidation doesn’t work. If you aren’t convinced by the fact that they are being marketed so heavily by these loan and mortgage companies, let’s go over why they don’t work and why they are a bad way to get out of debt.
The answer is yes. It doesn’t really matter how much you make or don’t make, how much you owe or don’t owe, you should always have a plan. Heck, football teams have play books that coaches develop to give them the best chances to win. And that’s just football. Home builders have to have a blueprint before they can build a house, otherwise, they’d build a mess if anything.