Tag Archives: credit card debt

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Tips on How to Negotiate Your Credit Card Debt

Advice on how to successfully negotiate credit card debt.

If you’re struggling to pay down credit card debt, you can negotiate more favorable terms.…

By Sheiresa Ngo

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House Rich, Cash Poor

Njeri Barrett was off to a good head start, but when divorce and layoffs came knocking, her financial plans got derailed

“As a family we were making great income and we took the money and invested…

By Sakina P. Spruell

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(Image: Thinkstock)

Give Your New Graduate A Financial Head Start

Getting young adults on the right path with their finances is the best way to mark a rite of passage to adulthood.

Getting young adults on the right path with their finances is the best way to…

By Alfred Edmond, Jr.

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Living within your means is about budgeting your purchases, and having the courage to be honest about what you can and can't afford.

The Six-Word Phrase You Must Master to Improve Your Finances

To control your spending, instead of it controlling you, release the negativity and repeat after me: I cannot afford this right now.

Is gaining and keeping control over your financial health and resources a priority for you?…

By Alfred Edmond, Jr.

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A Reality Check for Black Friday

Shopping until you drop is not worth ruining your financial health—or if it is already poor, making it even worse.

Yes, a healthy amount of holiday spending will be good for our economy, and certainly…

By Alfred Edmond, Jr.

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Credit Risk

Instant Gratification? Sure. But It’ll Cost You

If you're borrowing money on a credit card because you must have it NOW, at least know how much you're really paying.

If you knew the real price, you might think twice about paying it.

By Alfred Edmond, Jr.

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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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Motivational Monday: Ready to Cash Out?

Ditch the credit cards for cold, hard cash

Are you strong enough to beat down the part of yourself that demands instant gratification?…

By S. Tia Brown

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Facing Debt and Winning

After letting credit card bills pile up for years, Casandra Roache mustered the courage to face her financial fears

“I kept putting paying the debt off because I kept saying to myself, ‘He’s going…

By LaToya M. Smith

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How Radio Personality Angela Yee Dug Herself Out of Debt

The New York DJ recounts her financial missteps before getting back on track

Power 105 radio host Angela Yee found herself struggling with credit debt until she decided…

By Janee Bolden

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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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Your Get-Out-of-Debt Checklist

A new year is upon us and, according to Experian, the average consumer owed more…

By Sheiresa Ngo

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From Black Friday door buster specials to pre- and after-Christmas sales, the start of the holiday shopping frenzy may soon engage your inner shopaholic—and leave you with a mound of debt by New Year’s. The average American is expected to spend a little more than $700 on holiday gifts and seasonal merchandise in 2011, according to the National Retail Federation’s 2011 Holiday Consumer Intentions and Actions Survey. Nationwide, sales are expected to reach $465.6 billion, putting retailers in the black.

If the shopaholic in you is ready to be unleashed, take steps to control your spending habits so you aren’t left in the red, with credit card debt and an empty savings account before the year is over. Here are some useful tips to control your inner shopaholic this holiday season. —Lynette Khalfani-Cox

5 Holiday Shopping Tips for Shopaholics

Don't get caught up in the craziness of the holiday shopping season, here are a few tips to stay on course

It’s holiday shopping season and shopaholics need be wary of falling into financial trouble. Here…

By Lynnette Khalfani-Cox

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What You Should Know About Credit Card Hardship Plans

Four years of careless spending led to $8,000 in credit card debt for Wilmington, Delaware,…

By Shandra Hill Smith

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Photo by Zave Smith

Digging Out of Debt

Nearly drowned by credit card debt, Joseph McKinley needs a solid savings and investing plan to make up for lost time

Joseph McKinley got into credit card debt the way a lot of people do—using plastic…

By LaToya M. Smith

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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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How Badly Do You Want Financial Freedom?

If you talk the talk, but will not walk the walk, I've got news for you: freedom ain't free

Each week, we get e-mails and letters from people who tell us they are determined…

By Alfred Edmond, Jr.

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Jennifer Norman [Photo: Rayon Richards]

A New Financial Game Plan

While overcoming a debt setback, Jennifer Norman is on the right track to reducing her taxes and maximizing her investments

Norman’s debt struggles are typical of many young college graduates. The misuse of credit cards…

By Carolyn M. Brown

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Opinion: Student Loans Should NOT Be Discharged in Bankruptcy

Students in financial trouble do deserve a break. But bankruptcy is not the answer

The last thing a young person needs on their credit report coming out of college…

By Alfred Edmond, Jr.

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Opinion: All Student Loans Should Be Discharged in Bankruptcy

Students in financial trouble deserve a break.

For many of you, student loans were a necessary evil that have remained a thorn…

By Sheiresa Ngo

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