Posts Tagged ‘ Debt Reduction ’

How Important is a Credit Score?

With the recent discussions about prepaid debit cards, I’ve been doing some thinking about credit scores. I’ve been wondering how important one is in my life. I’ve still been debating bankruptcy and if I discharge my debt there’s a possibility that I could build my credit score back up quicker. I haven’t pulled a credit report in quite some time so I do not have a clue what my number is, I’m guessing it isn’t very good (how low can it go?). I know that some employers are looking at credit scores to determine the hiring potential for a...

This is a guest post. Opinions are that of the author (although I think they are pretty sound!) Enjoy! It can be difficult to define a definitive debt payoff plan for everyone, because an effective plan should be largely dependent on several factors that are specific to a person’s situation. Considerations such as the amount of debt, the type of debt (credit card, student loans, etc), and income should be taken into account. Nonetheless, there are some general steps that I think everyone can take in order to begin getting out of debt. 1. Get Organized The...

Debating the Issue: Bankruptcy Part 2

Yesterday I brought a couple of opinions to my blog on the topic of Filing for Bankruptcy. More specifically should I be Filing for Bankruptcy. I posted two opinions. One from J$ at Budgets are Sexy and one from Brad at Enemy of Debt. Today I have one more opinion to bring to the table. Travis ( @DebtChronicles) has provided me the following as his opinion. Let me start by saying the following paragraphs simply supply information, with a light dose of my opinion. I have no basis for giving legal advice nor do I have any credentials in...