How Does a Reverse Mortgage Work? Reverse mortgages are becoming increasingly popular as senior citizens learn more information about the concept of how a reverse mortgage works. A reverse mortgage works like a regular home mortgage loan, but in “reverse”, which means that the reverse mortgage would allow you to receive tax-free payments in exchange […]

In a dramatic devolving paradigm shift over the last five decades, Americans have come to accept excessive debt as part and parcel of daily life. Unfortunately, the credit card has become a tool to subsidize the American lifestyle, ‘living beyond your means.’ Since there are no longer any societal and cultural stigmas attached to possessing […]

The American people are drowning in credit debt, possessing a record $957.2 billion in credit card debt at the end of 2007, according to the Federal Reserve. Consumer debt of $11,000 to $12,000 an average household is unheard of. The scary part of the statistic is that the figures are diluted by households that don’t […]

If you need urgent cash to meet an emergency and you have exhausted all other avenues, no credit check payday loans might be an option. There are no major obstacles involved in getting a cash advance, especially since no credit check is required. This is of enormous convenience to consumers as they can access no […]

Credit card debt and credit card use has been on the rise in recent years. After so many years, consumers are still at a disadvantage when dealing with card companies, mainly due to laws favoring the companies. Most consumers aren’t aware of their rights, as well as the tricks to deal with the creditors. Discover […]

The credit card is an omnipresent financial tool used to support mass consumerism. Consumers in good times or bad use credit cards to make purchases. In the current economy, Americans are placing more purchases on their credit and debit cards which could lead to a steep price to pay in the future. More and more […]

Can a payday loan be a life saver? For millions of Americans it has been a veritable lifesaver. Fast cash advances offer immediate financial solutions for many. Payday advances are short-term personal loans lent to borrowers to help them meet their immediate needs. Over the last 10 years these short-term personal loans have grown to […]

The most troubling form of debt out there for the public is tax debt, especially debt owed to the IRS. Unlike credit card debt and bad credit debt, IRS tax debt can be an ordeal to deal with. In most cases, the fear isn’t the debt itself, but the wrath of the IRS if it […]

Since the first charge card was launched in 1949 by Diner’s Club. Fifty nine years later, people have become consummate consumers; making more than $2 trillion in transactions each year. Increasingly, Americans are using credit cards more than cash. As credit card use has increased, so have the complexities of these credit instruments. Herein, it […]

A credit score is the quantifiable end result of an assessment of your credit history and credit report using a complicated formula to forecast risk for creditors and lenders. Lenders use credit scores to makes decisions on the interest rates on your credit instruments or loans, issuance of loans or credit cards, and increasing credit […]