I saw this post about a guy arguing with a zombie debt collector on Consumerist, and I think it’s time to remind you what Zombie debt is. It doesn’t mean the collector is a zombie (although you might feel that way!) It means that the debt is expired or charged off and has risen again from the dead. Unscrupulous …
If you’d like to get a free refinance, also called a no-cost refinance, I would start by calling a local broker. If you don’t know a broker personally, ask around. Someone you know does. Call them up and explain your current loan balance, interest rate, and income. Tell them you’d like to know if they offer …
It seems that every week some personal finance writer or speaker explains that we could all get out of debt if we just stopped buying $5 lattes every day. If I hear that one more time, I will scream. High Level Debt Solutions should be in place! Why have all of these advisers fixated on …
We did it! We’ve paid off $37,787 in debt in ten months. As I said last month, August was an awesome month for debt reduction. We eliminated one student loan and cut another one in half. Despite that, we thought we wouldn’t get the balanced paid off before the end of the year. Fortunately, luck was on …
$37,000 Success: September Debt Reduction Progress Read More »
One of the search terms used to reach this blog was “pay off debt or save for house,” which got me to thinking. If you don’t have someone to help you with the down payment, is it better to pay off debt or save for a house?I think it depends on the type of debt, …
We’re about of a month ahead of my debt reduction plan. If you’re just joining the blog, one of my 2008 financial resolutions is to pay off $40,000 in debt. April was a good month for debt reduction, but May was much better. I’m still hopeful that we can pay off the full $40,000 by November. Debt Reduction …
After making such great progress in May, we took a break from debt reduction in June. We were hoping to get one more debt paid off, but it was not to be. That said, we will be able to pay off one more debt in July and will get back on track. My husband also added up …
My husband isn’t a profligate spender, but he hasn’t been fully on-board with my plan to pay off $40,000 in debt this year. Don’t get me wrong, he was thrilled with our February debt reduction progress. He’s equally determined to get rid of the credit cards and at least one student loan, but he wasn’t convinced …
