"Good debt" is an illusion
Over the last several years that I’ve been working to get out of this ginormous hole created by my lengthy unemployment back in 2008 into early 2009, I...
Category: Debt
Calculated interest
Currently one of the hot topics floating around the country is the idea of the government stepping in and purchasing all of the student loan debt that is curren...
Resetting the clock on old debts
This time ABC News correspondent Elisabeth Leamy attempts to tackle the issue of old debts and a concept called “debt re-aging”. Is she spot on or s...
Debt delinquency and BankRate.com’s misconceptions
At times when I see an article online regarding delinquent debts and debt collections, I often wonder how many of these "experts" have actually been t...
Say "yes" or "no" to credit?
In this recession, one thing that I have come to expect is a ton of articles speaking out against debt and credit cards. And there is good reason: Americans are...
Rent or Buy?
There’ve been plenty of blogs written about whether it is better to rent your residence or buy it. In the course of all of these blogs, there’ve als...
$18,000 cell phone bill, revisited
Well apparently the matter regarding the enormous cell phone bill has been settled, or so everything seems. Article: "Verizon forgives balance of $18,000 c...
Caveat emptor, to the tune of $18,000
Article: "Family, Verizon far apart over nearly $18,000 phone bill" Last year there was the story of a cell phone bill that ran… get this…...
Why are forgiven debts treated as income?
Why are forgiven debts treated as income? After all it doesn’t really make sense: you don’t actually receive any money when debts are written off, b...
Never miss your court date
This is pretty much sound advice, and advice I definitely kept in my own personal dealings. You see, I have the unfortunate ability to say that I was involved i...
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