Using Debt Consolidation to Get Rid of Debt

Many people struggle with bad debt due to different reasons. Different problems can cause debt build up and sometimes, debt consolidation can be the most appropriate solution.

Before consolidating debts, it’s important to understand the steps involved in the process. Let’s talk about the different methods of debt consolidation.

• Debt Consolidation Loan
• Debt Management Program
• Balance Transfer Credit Card

Read more Using Debt Consolidation to Get Rid of Debt

Related Articles:

Tips on How You Can Avoid Financial Dangers

Tips on Resolving Credit Card Debt Problems

Resources for YOU:

• Bad Credit Credit Cards
• Bad Credit Home Loans

Bachmann criticizes Obama's student loan plan

ST. PAUL, Minn. (AP) — Republican presidential candidates Michele Bachmann criticized a directive by President Barack Obama to ease student loan debt as an "abuse of power" that will give people incentive to dodge debt.

The candidates reacted Thursday to a decision Obama announced a day earlier to cap required payments for some college loan borrowers at a lower percentage of their income and forgive payments for others after 20 years. He used executive authority to accelerate a law that wasn't supposed to go into effect until 2014.

"I believe it is abuse of power from the executive to impose via an executive order a wholesale change in the student loan," Bachmann, a Minnesota congresswoman, said during an education forum in New York put on by The College Board and News Corp.

Read Full News

Resources for YOU:

• Bad Credit Card
• Bad Credit Car Loans

The Pros and Cons of Instant Payday Loans

Instant payday loansare short term loans for consumers who need immediate cash.  If you are not familiar with this form of financing, this article presents both positive and negative side of payday lending.

The Pros of Payday Loans


If can be difficult to get approved for a regular loan and during times of emergencies, borrowing cash from a payday lender can be the most viable option.

The Cons of Payday Loans


Despite the convenience that payday loan offers, consumers are warned against acquiring this form of help in a hurry.

Read more The Pros and Cons of Instant Payday Loans

Resources for YOU:

• Bad Credit Card
• Bad Credit Car Loans

Coins to Credit Cards, a Short History of Money: Neil MacGregor

(This is an excerpt from Neil MacGregor’s new book, “A History of the World in 100 Objects,” just published by Penguin.)

Oct. 26 (Bloomberg) -- We’ve all grown so accustomed to using little round pieces of metal to buy things, it’s easy to forget that coins arrived quite late in the history of the world. For more than 2,000 years, states ran complex economies and international-trading networks without a coin to hand.

The Egyptians, for example, used a sophisticated system that measured value against standard weights of copper and gold. But as new states and new ways of organizing trade emerged about 3,000 years ago, coinage began to make an appearance. Paper money would not arrive for another couple of millenniums and credit cards, not until the 20th century.

Read Full News

Resources for YOU:

• Bad Credit Prepaid Credit Cards
• Bad Credit Credit Cards
• Bad Credit Cards

How to Navigate the New College Student Credit Card Landscape

When it comes to navigating the world of credit cards, college students are in a unique position. On the one hand, they are a very special class of consumer, banks prize college-educated customers and offer them better credit card terms than their credit standing would suggest they merit. On the other hand, the new the CARD Act makes it harder than ever for college students to qualify for credit cards, since most of them are under 21 years old. So, what’s a college student to do?

Build Credit ASAP

Not getting a credit card shouldn’t really be an option. While it would be easiest to simply wait until they turn 21 to begin their careers with credit, doing so would mean sacrificing valuable credit-building time. Every month that a consumer has an open credit card account in good standing means positive information is relayed to his major credit reports, providing evidence of fiscal responsibility and in turn, boosting his credit score.

Read Full News

Resources for YOU:

• Bad Credit Prepaid Credit Cards
• Bad Credit Credit Cards
• Bad Credit Cards

Repairing Bad Credit? Use a Prepaid Debit Card

For people who need to repair bad credit, there is one type of credit card that can be used as a tool for credit improvement.  It’s not your regular credit card but it can be used for payment anywhere credit cards are accepted.  What kind of plastic payment are we talking about? 

Prepaid credit cards or debit cards are growing in popularity in the market today.  For those who cannot get approved for a regular credit card, a prepaid card is a good alternative.  Prepaid debit cards do not require credit check so anyone can easily get one regardless of credit history or credit score. 

Read more Repairing Bad Credit?  Use a Prepaid Debit Card

Related Articles:

The Advantages of Prepaid Credit Cards

Can Prepaid Debit Card Help You Repair Your Credit?

Can Prepaid Credit Cards Lead You To Debt?

Resources for YOU:

• Bad Credit Prepaid Credit Cards
• Bad Credit Credit Cards
• Bad Credit Cards

Student loan debts crush an entire generation

USA Today says that at some point this year, student loan debt will exceed $1 trillion, surpassing even credit card debt. Felix Salmon says the number is closer to $550 billion. Either way total student loan debt is rising as other debts have tailed off. Delinquency has increased, too, since the height of the financial crisis.

It’s a huge mess.

Some people have noticed that “student loan debt” comes up a lot among the Wall Street Occupiers and the members of the 99 percent movement. Often, older people, who either attended school when tuition was reasonable, or who didn’t attend college at all in an era when a high school diploma was enough of a qualification for a stable, middle-class career, tend to think this is all the entitled whining of spoiled kids. They don’t understand that these kids accepted a home mortgage worth of debt before they ever even had a regular income, based on phony promises, and that the debt is inescapable, regardless of life circumstances or ability to pay.

Read Full News

Resources for YOU:

• Bad Credit Loan
• Bad Credit Secured Credit Cards
• Personal Loans For Bad Credit

Payday Loan Lending - How Does It Work?

If you are confronted with an unexpected bill that isn’t part of the budget, a payday loan can be a good option to consider.  For example, let’s say that your car breaks down in the middle of the month and you can’t wait for another week to have it repaired.  Car repair costs can be expensive, especially if there is a serious damage.  In this case, taking out a cash advance from a payday lender can be the perfect solution to your problem.

What is a payday loan and how does it work?  Payday loans are also referred to as cash advance loans because this form of financing is offered for people who need immediate assistance.  Applying for a regular loan can be a challenge. This is particularly true if you have a bad credit history or a low credit score.

Read more Payday Loan Lending – How Does It Work?

Resources for YOU:

• Bad Credit Loan
• Bad Credit Secured Credit Cards
• Personal Loans For Bad Credit

Student loan debt hits record levels

Students and workers seeking retraining are borrowing extraordinary amounts of money through federal loan programs, potentially putting a huge burden on the backs of young people looking for jobs and trying to start careers.

The amount of student loans taken out last year crossed the $100 billion mark for the first time and total loans outstanding will exceed $1 trillion for the first time this year. Americans now owe more on student loans than on credit cards, reports the Federal Reserve Bank of New York.

Students are borrowing twice what they did a decade ago after adjusting for inflation, the College Board reports. Total outstanding debt has doubled in the last five years — a sharp contrast to consumers reducing what's owed on home loans and credit cards.

Read Full News

Resources for YOU:

• Bad Credit Home Loans
• Bad Credit Payday Loans

Barclays Loan to Kinder Morgan Boosts Ranking as M&A Adviser

Oct. 17 (Bloomberg) -- Barclays Plc, the world's top adviser on oil and gas mergers during the past two years, is lending $11.5 billion to junk-rated Kinder Morgan Inc. to help maintain that lead.

The financing commitment will provide Kinder Morgan with the cash needed for a $21.1 billion purchase of El Paso Corp., the largest pipeline takeover in history, Kinder Morgan said in a statement yesterday. Barclays's role on the deal also pushes the London-based bank up to sixth place from eighth among merger and acquisition advisers across all industries worldwide.

Read Full News

Resources for YOU:

• Bad Credit Home Loans
• Bad Credit Payday Loans

Tips on Applying for a Bad Credit Home Loan

Buying a home is a big investment and needs a lot of preparation.  If you plan to buy a home, having a good credit history and an impressive credit score would be your best assets when negotiating with mortgage lenders.  On the other hand, having bad credit can significantly affect your loan prospects so if you can wait until your credit improves, you will be in a much better position to get a home loan.


What if you have decided to acquire a home loan despite bad credit?  What can you do to improve your chances of getting an approval and get a good deal?  Consider these tips when applying for a bad credit home loan.

Read Full News

Resources for YOU:

• Bad Credit Home Loans
• Bad Credit Payday Loans 

Failed energy projects cross U.S. party lines

WASHINGTON – When green energy company Raser Technologies broke ground on its geothermal power plant more than three years ago, Sen. Orrin Hatch was there to herald the day as a "turning point" in the country's clean-energy future.

At the ceremony in southern Utah, Raser's chief executive officer thanked Hatch for his steadfast support. Utah's Republican senior senator had previously championed an earlier Raser clean-energy project — the development of an AC induction motor that could be used to power a Hummer that could get 100 miles per gallon. The company's executives would later name the Beaver County facility "the Hatch Plant."

Read Full News

Resources for YOU:

• Bad Credit Loan
• Bad Credit Personal Loan
• Bad Credit Payday Loans

How to Choose the Right Payday Loan Lender

Each year, thousands of borrowers turn to payday loan lenders for help to get through an emergency or financial crisis.  Have you tried acquiring a payday loan or are you thinking about getting one?  What important facts should you know about payday loans and how can you choose the right lender?

Payday loans are short term loans that are usually payable within 30 days or by the next pay check.  However, failing to pay back the loan on time can become a problem as you incur steep rates and fees.  The extra charges can quickly lead to debt build up until repayment becomes difficult.
Consider the following tips on choosing the right payday loan lender:

• Compare online.
• Check the lender’s requirements.
• Check the BBB.
• Read the fine print.

Read more How to Choose the Right Payday Loan Lender

Resources for YOU:

• Bad Credit Loan
• Bad Credit Personal Loan
• Bad Credit Payday Loans

MSR Resorts, Madoff, Innkeepers Trust, Solyndra: Bankruptcy

(This report contains items about companies both in bankruptcy and not in bankruptcy. Adds Specialty Products and November 2005 in Updates and JK Harris in New Filings.)

Oct. 11 (Bloomberg) -- The five resorts foreclosed in January by Paulson & Co. and Winthrop Realty Trust reached agreement with a mezzanine lender affiliated with MetLife Inc. that would permit the Chapter 11 reorganization to continue into September 2012.

Last month the resorts reached an interim agreement with Government of Singapore Investment Corp., the holder of $360 million in mezzanine debt. The Singapore investment fund had been demanding a quick conclusion to the Chapter 11 process begun early this year. The resorts wanted a lengthy reorganization to restructure the business, not a short Chapter 11 case simply adjust the balance sheet.

Read Full News

Resources for YOU:

• Bad Credit Loan
• Bad Credit Personal Loans
• Bad Credit Payday Loans 

Bad Credit Payday Loan Tips for All

A payday loan is a method of short term loan especially offered for borrowers with a bad credit score. If you can't qualify for a normal loan due to a low credit history or low credit score history, you could possibly apply for a payday loan if you'd like immediate financial assistance.

Payday loans will also be popularly called payday loans or fast loans as it doesn't take long for that process to perform.

Their requirements to have approved may also be simple balanced with regular loans.

Inspite of the quick and convenient application process, consumers must carefully weigh the advantages and disadvantages before acquiring payday loans.

Low credit score payday loans are payable within Thirty days so you should be in a position to submit full payment by next salary.

Read more Bad Credit Payday Loan Tips for All

Resources for YOU:

• Bad Credit Loan
• Bad Credit Personal Loans
• Bad Credit Payday Loans

Profits elude geothermal companies

WASHINGTON – Two taxpayer-backed clean energy companies that specialize in capturing heat from the earth and turning it into electricity are facing deep financial difficulties, according to an analysis of financial records.

The companies, based in the West, have received $195 million in partial federal loan guarantees and grants aimed at promoting clean energy. Although the companies have agreements with utilities to buy their energy, they have not operated at a profit. They face questions similar to those of Solyndra, the now-bankrupt solar manufacturer that received a $535million federal loan in 2009.

Read Full News

Resources for YOU:

• Bad Credit Loan
• Bad Credit Car Loans

Auto Loan Tips For the Credit Challenged

During need of a bad credit auto loan, a few aspects should be considered before signing up for financing. Borrowers with poor ought to be much more careful in choosing loan deals because many financiers that give bad credit financing impose excessive rates of interest and unreasonable repayment terms. Indeed, grabbing a bad auto loan deal can inflict more damage to your credit. If you are planning to apply for a bad credit car loan, read the following reminders:

• Check your credit score.
• Get pre-approved. 
• Use a car loan calculator. 
• Buy a car that you can afford. 
• Buy second hand.
• Anticipate costs. 
• Read the fine print.

Read more Auto Loan Tips For the Credit Challenged

Resources for YOU:

• Bad Credit Loan
• Bad Credit Car Loans

Starbucks to customers: Donate $5, create jobs

Starbucks hopes customers will be willing to pay at least $5 more when they stop in for their morning cup of Joe.

Starting Nov. 1, Starbucks will begin collecting donations of $5 or more from customers to stimulate U.S. job growth through its "Jobs for USA" program. The Seattle-based coffee chain is collaborating with the Opportunity Finance Network, a nonprofit that works with nearly 200 community development financial institutions to provide loans to small businesses and community groups. Starbucks says 100 percent of the donations will go toward loans for firms and organizations that can add jobs or stem job losses.

Read Full News

Resources for YOU:

• Bad Credit Loan
• Bad Credit Payday Loans

Debit card fees are coming: How to avoid them

Debit cards are convenient, widely accepted and safe. Unlike a credit card with a generous limit, your debit card will not lead you into temptation every time you go to the mall.

But, increasingly, consumers who want that kind of discipline will have to pay for it.

Bank of America disclosed last week that it will soon charge customers $5 a month to use their debit cards for purchases. Bank of America will charge the fees for both PIN and signature debit card transactions, spokeswoman Anne Pace says.

Read Full News

Resources for YOU:

• Bad Credit Cards
• Bad Credit Secured Credit Cards

The Advantages of Prepaid Credit Cards

If you are looking at obtaining a prepaid credit card but quite reluctant to do this, this short article was written along with you in your mind. Do you know the advantages of prepaid credit cards? Why wouldn't you think about a prepaid debit card on the regular card?

No credit assessment. For those who have no credit rating, it can be hard to obtain approved for any regular charge card.

Controlled investing. Because prepaid credit cards don't provide lines of credit, it might be simpler to trace and control investing.

No rate of interest costs. Since purchases aren't made ahead of time, there's you don't need to be worried about taking on rate of interest charges.

Establish or build credit. Companies of prepaid an atm card today report credit activities towards the three major credit agencies - Experian, Equifax, TransUnion to allow them to certainly be prosecuted for creating credit or repairing poor credit.

Broadly recognized. Prepaid credit cards are recognized at stores and institutions that accept charge card payment.

Safer mode of payment. Shopping on the internet could be dangerous when utilizing a normal charge card as it is attached to your money.

Ideal for vacationers. If you are a frequent traveller, transporting money on your vacation could be dangerous.

These are merely a few of the benefits that you could enjoy from prepaid an atm card.

Read more The Benefits of Prepaid Credit Cards

Resources for YOU:

• Bad Credit Cards
• Bad Credit Secured Credit Cards