Archive for the ‘Articles’ Category
Thursday, October 22nd, 2009
There's an old joke about a bar owner who bragged, "I opened this place 15 years ago with $78 in my pocket and boy, have we made progress! Today, I'm $298,000 in debt!No doubt about it, debt can kill a small business, and seriously hurt your chances of reaching a ...
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Thursday, October 22nd, 2009
As the revenues roll in from your burgeoning small business, it's tempting to use some of that cash to pay down your debts. But should you do that instead of investing the money for the future?It's a fair question. In fact, Old King Solomon would have a difficult time deciding ...
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Thursday, October 22nd, 2009
When you’re running a small business and looking for a loan, a line of credit, or other type of financing, you have to deal with your own debt picture -- even your personal debt picture. That's why, as a first step, it’s a great idea to know where you stand ...
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Wednesday, April 8th, 2009
Getting together the information required to compare your total income with your total spending can be quite an eye opener for most people.
If you do this over the period of the last year you will achieve a better understanding of where your money has gone and why you have landed ...
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Tuesday, March 31st, 2009
One of the great and most productive challenges facing someone in debt is working out how they got into debt in the first place. For some this may be very easy while others will find it very difficult. Taking the time to understand why you spend money the way you ...
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Wednesday, March 25th, 2009
Improving your credit history, in principle, is quite easy. It is basically doing the opposite to that which caused you to get a bad credit history in the first place.
You got a bad credit history by not either not making the payments that you owed on your credit or consistently ...
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Wednesday, March 25th, 2009
Not all debt is bad. While you might consider it to be so at the moment, when all you can think about is the overwhelming amount of debt that you need to repay and the problems that it has caused, you also need to understand that often it is worthwhile ...
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Tuesday, March 24th, 2009
You need to prioritize your debt repayments and ensure that the most important debts are taken care of regularly.
One way to determine how important a debt is can be by the impact that it can have on your life both now and in the future. Some people prefer to prioritise ...
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Tuesday, March 24th, 2009
Debt collectors,like all of us have a job to do. They way are paid is as a percentage of the amount of money that they recover from you. Obviously it is in their best interest to recover as much money as possible and many of them will resort to all ...
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Friday, March 20th, 2009
While the budget will help you to manage your debt and to begin eliminating outstanding debt, if you have excessive amounts of debt then you are going to need to take a little more action to reduce the impact this will have on your life, your credit rating and your ...
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