Even though most consumers don’t get into debt overnight, they are looking for instant solutions to resolving their financial problems once they occur. Although we live in a society of instant gratification, it is completely unrealistic to think you can undo what may have taken years to build up. Anyone buried under mountains of debt cannot expect to simply walk away unscathed without making an effort to resolve the issues.
It is important to first realize that most of the time there is at least one solution to debt problems but …

What is often overlooked by young entrepreneurs who are worried about the success of their business loan applications is that banks want and need to give loans. Their own business models demand these kinds of investments in order to generate revenue flow. Banks need businesses to flourish and they want to handle the finances of successful new enterprises.
And there is no end to the types of new businesses that need startup capital. A entrepreneur looking to market a new mobile app, a criminal defense attorney looking to start a new law firm, a middle-aged …

Everyone makes money mistakes in their own way. We put off dealing with a financial issue because we simply can’t face it. Or we merrily accrue debt until bills are piled sky high. Getting into debt is simply too easy in America — just ask the government.
While it sometimes seems you need a bulldozer to dig your way out of debt, there are some basic mistakes you can sidestep. Read on for eight tips to help you avoid common money mistakes.
1. Making minimum payments on high-interest credit cards.
It’s tough to …

Guest Post: Having bad credit doesn’t mean you can’t get a loan; it simply means that you’re going to have a tougher time, do a little bit more research, and probably have to live with terms that aren’t as attractive. Exploring your options for getting personal loans with bad credit starts with a realistic assessment of your situation, consideration of the kinds of options out there, and deciding which best fits your needs.
Here are some things to keep in mind when you’re trying to get a personal loan with bad …

Information services group Experian, known most famously for their credit reports, recently released an infographic that breaks down debt and credit between the four generations currently at the helm of global spending.

If you watched the recent 60 minutes segment on the continued mortgage mess – this time focusing on the false documentation and fraud that has penetrated the mortgage industry over the recent years – you know that the industry is anything but out of the woods.

I’ve recently had a number of conversations about folks my age – the generation Y crowd.  The consensus view of many people older than me view my generation as sort of a joke.  They say we have a feeling of entitlement, an expectation that things should be given to us.  They say when we do something good, that it means we should be taken care of for years as a result rather than moving on to something else.  Generation Y is more interested in work/life balance rather than building a …

Interesting article on a recent grad who has over $200k in student loan debt. Good luck paying off 200 large while working as a waitress.  Welcome to the new normal for higher education in America.  Tons of debt, mediocre degrees, no jobs.  Read the article here.