Debt

Go On a Debt Diet and Start Building Wealth

In the age of economic meltdown, we are quite comfortable living in debt and believe a little debt won’t hurt much. It generally starts with borrowing small amounts to cover unexpected expenses or to bridge a short-term cash crunch between…

Negotiating with credit card debt or how to turn it into an advantage

We took a look at negotiating your credit card debt (link opens in new window) in a previous article. But is there a positive spin to it? Can you actually make something good out of negotiating credit card debt? My…

Negotiating your credit card debt: two ways for negotiating your credit card debt

Negotiating credit card debt reduction is not as difficult as it seems. You can negotiate a reduction with your credit card company or you can deal through a non-profit counseling service which can manage the process for you. Either way,…

Tips for negotiating credit card debt

In my previous article I showed you the difference between debt consolidation and debt negotiation (link opens in new window) and I assume that you are familiar with the unsecured nature of credit card debt by now. So what could…

How to choose between debt consolidation and debt negotiation

In another article I explained what is unsecured debt (link opens in a new page). So in order to decide what debt you can manage and what debts are out of control, you start by separating the out of control…

What is unsecured debt? The base definition of unsecured debt

In finance, unsecured debt refers to any type of debt or general obligation that is not collateralized (guaranteed) by a lien (legal claim or a “hold” ) on specific assets of the borrower in the case of a bankruptcy or…