How can you settle your debts to avoid collection calls?

Today’s guest post is from Patricia Sanders.

Debt collection lawsuits are on the rise. Around 12,000 collection lawsuits have been filed in the last few years. This number is up from 9300 in 2009. These often are the result of medical or credit card debts that many people are unable to pay off. Sometimes, financial hardship prevents you from making monthly payments on your debts. Soon, you start getting calls from collection agencies. The problem arises when you cannot pay the debts in full. One option is to consider a negotiation process with the collection agencies for debt settlement. In this process, creditors and/or collection agencies accept less than what you owe on your credit accounts. How can you negotiate the best debt settlement deals? Some simple tips are important when you negotiate.

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New Year’s Resolutions for 2018

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New Year’s resolutions are popular because this is a great time to reflect on what parts of your life could use improvement.  “Losing weight” is always popular as is some aspect of improving our finances.  Improving your financial future is one of the most useful aspects of your life to improve because it affects so many other things.  So I’m pointing you to my series on great New Year’s resolutions that can actually change your financial future during 2018.  The Financial Guide to Life deals with managing, saving, investing, and spending your money, so I am recommending four personal finance new year’s resolutions that are achievable and can bring you financial security and peace of mind.

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Debt Consolidation

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It seems like there are countless ways we can go into debt including credit cards, mortgages, student loans, auto payments, medical bills, home equity loans, pay day loans, and personal loans.  Despite the booming economy, record stock prices, and low unemployment, many Americans are still struggling with debt.  It’s not entirely due to spending habits.

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Help to Navigate Airline Fees

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The travel arena is an area where some competition still exists, despite all the airline and hotel consolidation.  There are plenty of websites and apps to help you find the best deals and see reviews.  See my other travel blog posts here.  The airline industry is now the epitome of nickel-and-diming customers and starting to be the model for other envious industries.  But travelers do still have choices such as really cheap Spirit Airlines tickets that charge you extra fees for even carry-on bags to Southwest Airlines that advertise that “bags fly free”.  To help navigate those choices, information for today’s post is provided by

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Resources for Seniors

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Resources for Seniors

When we discuss financial issues for seniors, we tend to focus on retirement or medical expenses, but of course there are so many other aspects of senior living that affect finance issues in one way or another.  Today we have a guest post from Caroline James of with resources for seniors that cover a variety of issues. Continue reading

What Affects Your Credit Score?

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In the wake of the data breech of Experian, one of the companies that compiles our credit scores, last week, I discussed why our credit scores matter.  Today, let’s discuss what affects credit scores.  Your actions could be affecting your scores without even knowing it, whether harming or improving.

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What Is Your Credit Score and Why You Should Care

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Data breaches of big companies have become so common that you may not even pay attention to them any longer.  Nevertheless, the recent news that Experian was breached which exposed the data of tens of millions of consumers does take this to the next level of concern and magnitude.  So many people were affected and by a company that is supposed to monitor OUR trustworthiness in managing our debt and borrowing.  Experian is one of the big three credit monitoring companies that produce a “credit score” on all of us who have borrowed money or even received a credit card.  So let’s take a few blog posts to discuss our credit score:  what is it, why should we care, and how we can improve it.

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Money Management Tips for College Students

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A new college year has started and students are back on campus learning to balance study, fun, and work. They are gaining new independence and responsibility.  College is also the time when students start to practice real money skills, manage money while in college, and learn sound money management tips. Whether they work part-time, college is mostly paid for, or student loans postpone the day of reckoning; students can learn about budgeting, the difference between needs and wants, living within your means, stretching a dollar, planning for future bills, and managing money in college. They have plenty of opportunities to apply one of my favorite financial principles which is how to avoid paying full price.

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