What is Your Debt Ceiling?
Do you know what your personal debt ceiling is? Can you figure out what is the most money you can have on credit before you are in deep trouble? Why not?
Debt-shaming: Debt is Bad, but You Aren’t
While debt-shaming seems to be a new buzzword, being in debt does not make you bad. This does depend on how you managed to get in the predicament.
Three Solid Ideas For Your HeLOC
What great things can you do with your HELOC now that interest rates are going up? You would be surprised, here are 3 solid ideas of what you can do with your Secured Line of Credit even with rising interest rates.
Surreal Paragraphs Found in Credit Card Bills
Are you only making minimum payments on your credit cards. There is a sentence on your statement you should read, and that tells you how long it will take to pay off the debt, if you only make the minimum payments.
Paying Off Debt is Risky?
Big Cajun Man argues against the idea that investing is always a better financial decision than paying off debt. He proposes that, in today’s economic context, the notion of not paying off debt due to potentially higher investment returns is fallacious. The author notes that unsecured debt often bears higher interest rates than usually presumed and cites a real-life example from a tech executive who lost his investment. It advocates for paying off debt, which provides more financial options and security, and cautions against getting financial advice from unverified social media sources.
