Tag Archives: debt management
Five Tips for Dealing with Significant Debt
Debt can pile up unexpectedly, and before you know it, you’re struggling to pay your creditors. It might seem insurmountable, but don’t give up. Instead, try these five strategies for managing your debt and getting back on track: 1) Ask for help. Your creditors are not rooting for you to fail. If you’re having trouble […]
Managing Your Household Budget May Keep You Out of Bankruptcy
Sticking to budget is not easy for anyone. Even the rich and famous turn to business managers to help them handle their budgets and avoid going into debt. A business manager’s job is to provide support in curbing spending impulses. For young celebrities whose wealth may have come all of a sudden, a business manager’s […]
Risks of a Reverse Mortgage
Losing a home can happen to anyone. Charles Wheeler, the revered former Kansas City mayor, lost his home of more than 40 years when financial trouble hit. Medical bills, back taxes and insurance payments on the house became too big to handle. Seeking a source of cash, Wheeler took out a reverse mortgage on his […]
Drop in Bankruptcy Filings Signs of Improved Economy
Consumers are considering options outside of bankruptcy for confronting their debt management problems. According to the American Bankruptcy Institute, the number of bankruptcies filed nationally declined 14 percent from the year-earlier period. There were 921,219 bankruptcies filed nationally through September. These numbers may seem high, but at this rate of decline the year-end totals stand […]
