Credit and debt invitations is all we seem to get in the mail anymore. We have lived debt free for over 3 years now and life is fantastic. We would encourage…
Video Rating: 4 / 5
Credit and debt invitations is all we seem to get in the mail anymore. We have lived debt free for over 3 years now and life is fantastic. We would encourage…
Video Rating: 4 / 5
http://wellkeptwallet.com/debt-free-in-18-months – Do you want to be debt free? Would like to have peace of mind when it comes to your finances? Then sign up…
Video Rating: 0 / 5
It’s a myth that only the rich can be debt-free. The truth is that anyone can become debt-free. True debt reduction is plain common sense and hard work. Debt…
Video Rating: 4 / 5
Gail Vaz-Oxlade spoke at Red River College on January 16, 2013, about money management and making sound money decisions. Gail is one of Canada’s most success…
Video Rating: 5 / 5
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List Price: $ 19.99 Price: $ 13.35
Question by jphamil: I want to learn about the stock market and investing from the ground up. What are the best books?
I want to know what books I would need to read to give me the skills that a broker or fund manager would have. I am assuming I will need to read some economics books as well. I am planning on devoting all of 2009 to doing this.
Best answer:
Answer by Kevin R
One up on Wall ST.; Graham and Dodd’s Investment Analysis; I wish it only took a year. Stock Market for Dummies
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List Price: $ 39.99 Price: $ 24.99
Simple tricks that’ll lighten your debt load.
Video Rating: 4 / 5
Question by ozziedroopy: What is the best way to consolidate debt?
I have a lot of credit card debt. We are now starting to pay them off, but the apr’s are so high (29.99%) it’s hard to even see it drop. I do not have a house to use as equity. Have never filed for bankruptcy or anything like that. We just have a very high debt to income ratio. Credit score is well below 700 as well. What is the best option to consolidate the cards to one lower apr? I cannot get new cards either, so that is out of the question.
Best answer:
Answer by Judy
Don’t consolidate.
Go to the governement non-profit website established to help people like you.
National Foundation for Consumer Credit Councelling.
NFCC.org
Goodness – how I wish the government would spend some money and advertise this.
They will help you at no cost.
If they put you on a DMP program – max cost 25 a month – but only if you can afford it.
Go to the site – call the 800 number and make an appointment at a local office.
Reviews call them angels from above.
Negative reviews say it’s embarrassing – that’s about it.
In the DMP program the councellors will contact your creditors and see if they can reduce payments, lower interest, settle, etc.
Also get a good book on Credit and Debt Repair from your library.
Everything these councellors do is in books – you could easily do it all yourself.
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Question by perkins: Bankruptcy or choosing to default on credit card debt. What are the ramifications of each?
I have A LOT of credit card debt from opening a business and having to sell it in one year because of family responsibilities. Saw a bankruptcy attorney, but the options don’t seem to work for me as there’s no way I could ever pay off these debts.
I know it’s very immoral, but what will actually happen if I just stop paying on them? I know I’ll be inendated with phone calls and lose my good credit standing, but can they attach my bank account or any other asset?
Best answer:
Answer by Lady Kay
If you just simply do not pay, they can sue you in civil court. When they are granted a judgment, they will garnish your wages or attach your assets. That will come after you are inundated with phone calls, letters, and threats. Your credit will also be ruined. If you are able to get credit, you will pay twice as much for it. Did your attorney discuss Chapter 7 bankruptcy with you? I believe it is Ch 7 is where you eliminate your debt.
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