Tag Archives: credit and debt management

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Woman Shares How She Dug Out of $50,000 Worth of Debt

Tips for getting back on the right financial track

A few weeks ago we shared with you how David Bakke, a financial contributor for…

By Sheiresa Ngo

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Image: Maya Elious

Entrepreneur Offers Mobile Money Advice

Finance coach Marsha Barnes provides services on the go

The Finance Bar is a premier mobile hub offering an array of personal finance products…

By Sheiresa Ngo

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Credit Cards

Credit Card Interest Rates on the Rise

Rates are slowly creeping up

The most significant increases can be seen when it comes to secured credit cards.

By Sheiresa Ngo

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Should your business charge credit card surcharges

5 Good Reasons to Axe a Credit Card Account

Sometimes it's alright to go against the grain

Most credit experts say it’s not a good idea to close a credit account, but…

By Leslie E. Royal

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Take Advantage of Hidden Credit Card Perks

Don't leave benefits on the table

I often hear people list the evils of credit cards, and blame them …

By Sheiresa Ngo

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Personal Finance Word of the Day: Credit Utilization Ratio

Your daily money bite.

Word of the day: Credit utilization ratio
Creditors use a calculation called a credit utilization ratio,…

By Sheiresa Ngo

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2. Reduce debt

Consumer Reports has found that in late 2011, 14 million Americans were still paying off their holiday bills from 2010. If you haven't been able to get out of credit card debt on your own, try boosting your financial fitness by joining a free financial boot camp offered online like MyMoneyCircles.com. This practical, step-by-step program, which I help lead with a team of experts, will help you reduce debt, figure out how to save money and reach a host of financial goals, including all of the financial New Year’s resolutions on this list.

It’s Time to Escape Slavery—From Debt

Free your mind, and your finances will follow. You can't achieve wealth if you won't change the way you think about money.

Too many of us are living beyond our means and pursuing a poverty lifestyle.

By Alfred Edmond, Jr.

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WATCH: Amid Criticism, Suze Orman Defends Her New Prepaid Debit Card

In a video interview with theGrio.com/CNBC reporter Sharlita Brantley, Suze Orman goes on the defensive about launching her own prepaid card

In a video interview with theGrio.com/CNBC reporter Sharlita Brantley, Suze Orman goes on the defensive…

By Elayne Fluker

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RUSH COMMUNICATIONS: Russell Simmons, founder of Def Jam (1984) and Rush Communications (1991) (pictured). Def Jam is responsible for launching the career of LL Cool J and the Beastie Boys, and Rush Communications is the parent company for media, entertainment, apparel, financial and philanthropic companies.

Russell Simmons to the Financial Press: ‘Is It Because I’m Hip Hop?’

Amid prepaid debit card criticism, the RushCard founder demands to know why he's considered a "celebrity endorser"

As prepaid debit cards by Suze Orman and Lil Wayne are criticized, RushCard founder Russell…

By Elayne Fluker

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7 Signs that You are a Woman Behaving Wealthy

Time for a purse check, ladies. These tips tell you what you need to do to go from 'just making it' or 'plain broke' to truly wealthy

Time for a purse check, ladies. These tips tell you what you need to do…

By Robin A. Young

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Monique Harps (Photo by Jeremy Charles)

Debt-Free Diet

Four years ago Monique A. Harps contended with more than $104,000 in debt. Although the…

By Aisha I. Jefferson

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3 Ways to Achieve Your Financial New Year’s Resolution In Just 30 Days

2012 is here. Is your money right? Use these tips to help you get on-track

Money coach Lynnnette Khalfani-Cox gives you three key tips to help you reach your financial…

By Lynnette Khalfani-Cox

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If one of your New Year’s resolutions for 2012 is to improve your finances in some way, join the club.

According to a survey from TD Ameritrade, 73% of Americans will make at least one money-related New Year’s resolution. Regardless of your current economic circumstances, here are 12 crucial and doable financial goals worth putting on your list of New Year’s resolutions for 2012 – along with some tips and resources to ensure your financial success.---Lynnette Khalfani-Cox, Askthemoneycoach.com

12 Financial New Year’s Resolutions for 2012

Money Coach Lynnette Khalfani-Cox tells you 12 easy steps to get your money matters in order for 2012!

Money Coach Lynnette Khalfani-Cox tells you 12 easy steps to get your money matters in…

By Lynnette Khalfani-Cox

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Bryan Mitchell (Photo by Jerry Jack)

Financial Fitness Performance Review

With $2,000 to get them started, our previous winners managed to navigate a volatile market…

By Sakina P. Spruell

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Ask the Money Coach: How Do Small Collection Accounts Impact Your Credit Score?

Pay your bills; protect your credit

Money Coach Lynnette Khalfani-Cox tells you how to protect your credit score

By Lynnette Khalfani-Cox

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Zaneilia Harris learned some hard money lessons (Photo by Kevin Allen)

5 Common Money Mistakes

Zaneilia A. Harris says don’t make the same error she did with your hard-earned cash

When Zaneilia A. Harris landed her first job out of college as auditor with the…

By Tamara E. Holmes

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Is Your Home an ‘Asset’ or a ‘Liability?’

How to know the difference and realize the true value of your home

The Money Coach Lynnette Khalfani-Cox tells you how to know the difference and realize the…

By Lynnette Khalfani-Cox

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Confront the Culprit

Lastly, you need to confront this person directly. It doesn’t matter if that person is a “close” family member. I don’t care if it’s your sister, a cousin---or even your mother. Let this individual know that they have totally crossed the line and damaged your finances and credit rating in a way that is completely unfair, disrespectful to you, and that has long-lasting implications. Tell the person that they have exactly one week to contact every creditor in which they used your name to close the account or cut off service in your name---and put it in their name.

Ask the Money Coach: 5 Steps to Take When a Relative Ruins Your Credit

Lynnette Khalfani-Cox tells you how to make a credit comeback

Lynnette Khalfani-Cox tells you what steps you need to take to make a credit comeback

By Lynnette Khalfani-Cox

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What Will a Strategic Default Do to Your Credit Score?

See if this drastic money move is the right one for you

Money Coach Lynnette Khalfani-Cox helps you decide if this drastic money move is the right…

By Lynnette Khalfani-Cox

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Don’t Let Your Car Note Drive You Crazy

Four ways to deal with overdue car payments or other issues when you’re struggling to pay for your vehicle

Money Coach Lynnette Khalfani-Cox gives four ways to deal with overdue car payments or other…

By Lynnette Khalfani-Cox

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3 Easy Steps To Check Out a Debt Collector

How to protect yourself from debt collector abuses

Lynnette Khalfani-Cox tells you how to protect yourself from debt collector abuses

By Lynnette Khalfani-Cox

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How To Get the Best Credit Card Deal

Five tips to help you narrow down your search and score the best credit card deal

Lynnette Khalfani-Cox gives five tips to help you narrow down your search and score the…

By Lynnette Khalfani-Cox

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credit cards

Credit Counseling Myths and Reality

Knowing the truth can help you make the best decisions about your finances

If you’re struggling to keep up with your credit card payments, credit counseling is probably…

By Sheiresa Ngo

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college debt

3 Huge Problems with Student Loan Debt

And how to fix them...

The Loop 21 offers solutions on how to solve the college debt problem

By BlackEnterprise.com

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The Truth About Bankruptcy: Why All Your Debts WON’T Go Away

What you need to know before you file

While it’s true that Chapter 7 bankruptcy can wipe out many consumer debts, such as…

By Lynnette Khalfani-Cox

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credit-card-debt-management

6 Steps to Take If a Debt Collector Tries to Sue You

Whether its a debt you forgot about or one you simply couldn't pay, knowing your options can help you manage the situation

One minute you’re going about your day, not a care in the world. The next,…

By Sheiresa Ngo

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credit report

4 Circumstances That Qualify You for a Free Credit Report

Knowing the facts will allow you to get the information you need

If you think the only time you can get free credit reports is when you…

By Sheiresa Ngo

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Financial Advice for 2011 College Graduates (Beyond ‘Get a Job!’)

Strategies to help students do the right thing after getting that diploma

Our Money columnist Lynnette Khalfani-Cox offers tips to help college grads do the right (and…

By Lynnette Khalfani-Cox

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4 Financial Questions You Should Ask Before (Or Early Into) Marriage

You've covered all the details of the wedding. But what about your money matters?

If you’re about to get married, or have recently tied the knot, chances are you…

By Lynnette Khalfani-Cox

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How to be ‘dfree’—Breaking Out of Financial Slavery

Author DeForest Soaries, Jr. lays out a program of deliverance from debt, deficits and delinquencies

How many of us actually see ourselves as slaves to our debts and other financial…

By Alfred Edmond, Jr.

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Surprise! The IRS Counts Forgiven Debt As Taxable ‘Income’

Just because your lender cleared you of a debt doesn't mean Uncle Sam will when filing your tax return

Consumers are receiving so-called 1099-c “cancellation of debt” tax notices, informing them that the IRS…

By John Simons

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What to Do If You’re Contacted about an Expired Debt

The wrong move could wreak havoc on your finances by having you pay for something you didn't have to

In part one of this article, we explained what the statute of limitations is and…

By Sheiresa Ngo

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The Statute of Limitations on Debt

Make sure you know the rules of how to deal with long-term debt

The statute of limitations. You’ve most likely heard the term before, but you may not…

By Sheiresa Ngo

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4 Things You Might Not Know About Credit

Think you know everything about credit? You might be surprised by these overlooked options

How much do you know about credit? Below are four things you might not be…

By Sheiresa Ngo

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6) The rich versus the wealthy: Chris Rock says there's a big difference between rich and wealthy. (Remember? “If Bill Gates woke up with Oprah’s money he’d jump out a [bleeping] window.”) Maybe not; but White believes the true definition is when you no longer have to work for your money; instead your money works for you, your children, your grandchildren... "If you can invest and have your money yield whatever the prevailing interest rate is on that amount at the time, say 3%, and you can live off that interest, you're on your way to being wealthy.”

4/11: 11 Ways to Get Your Money Right for the New Year

Time to get serious about your money matters. Here's how!

</a>With 2010 logged into the history books, it’s time to look forward to the future…

By Elayne Fluker

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Managing Credit: 4 Ways Bad Credit Can Hurt Your Career

Resources and expert strategies to help you boost, manage and protect your credit history

You’re all suited up and ready for a job interview with your dream company. The…

By Sheiresa Ngo

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Managing Credit: Understanding Your Utilization Ratio

Your guide to understanding and managing your credit.

Creditors use a calculation called a credit utilization ratio, which makes up 30% of your…

By Sheiresa Ngo

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