Blog Posts - Debt Management



Which credit debt should I pay off first?

Citing Nerdwallet report, each American credit card holder keep a credit balance as much as USD 16,000, a highest level in six years this research conducted. This means every month you would have more than one credit payment request. How we can deal...
by Your Smart Credit on Aug 21, 2016

A side job: what needs to consider?

From barista to blogger, it’s not uncommon these days for millennials to have a side job to earn a little extra money and still set their own hours.  In fact, many young people who aren’t working two jobs want to be. One third of millenn...
by Your Smart Credit on Jul 31, 2016

​ Emergency Funds Reply to “Rich Dad, Poor Dad” author on Millennial savers are losers

Recently Rober Kiyosaki said on CNBC if millennials want to have a step ahead, they should fire their saving account and jump into debt. “Savers are losers”, he says. I am a big fan of his book “Rich Dad, Poor Dad” but it’s hard for me to a...
by Your Smart Credit on Jul 10, 2016

How Can You Reign Over Debts To Achieve Financial Freedom?

Most of us love splurging, it’s a human activity that a very few can resist. Whether you’ve money in hand, you love to shop, eat out, enjoy sipping your favorite coffee at Starbucks with friends, and so on. As you go out and see around you wo...
by PRO FINANCE BLOG on Jun 30, 2016

Should I max out credit cards?

Most of people around you would think the answer is obvious one No. Getting into debt isn’t a good thing as creditors charge us a two-digit interest rates, hurting our precious credit score if we can’t handle it within a month. However, I believe...
by Your Smart Credit on Jun 3, 2016

Quick saving up money for stronger credit reports

You might read so many advices from me or other about the way to improve your credit score or credit reports. Before this blog, I was just like you consuming their ideas to handle the credit debt, accounts, and so on. I also found out not many expert...
by Your Smart Credit on May 31, 2016

Maintain Your Excellent Credit to Save Over $6,000 for Car Loan

According to 2016 Auto Financing Report from WalletHub, buyers who have fair credit will end up spending about six times more to finance a vehicle than someone with excellent credit, which equates to $6,304 in additional interest payments over the li...
by Personal Finance News on May 25, 2016

Mob Burns Venezuelan Man Alive Over $5 As Justice Fails

The mob burns Venezuela man alive over $5 as the country sinks deeper into chaos and the justice system falls apart. Five dollars might not be a lot for you, but in Venezuela it could have bought a family a week’s worth of food. The AP reporte...
by Personal Finance News on May 21, 2016

Americans’ Credit Card Debt to Hit $1 Trillion This Year

Thanks to aggressive credit card pushing by banks and growing consumer confidence, credit-card debt balances are poised to hit $1 trillion this year, coming close to the all-time peak of $1.02 trillion in July 2008. Consumers are taking on other for...
by Personal Finance News on May 21, 2016

Two-Thirds of US Would Struggle to Cover $1,000 Crisis

Two-thirds of Americans would have difficulty coming up with the money to cover a $1,000 emergency, according to the poll conducted by Associated Press-NORC Center for Public Affairs Research. Three-quarters of people in households making less than...
by Personal Finance News on May 20, 2016

Our finances are a mess – could behavioral science help clean them up?

Hal Hershfield, University of California, Los Angeles and Abigail Sussman, University of Chicago writes: The first few months of a new year can be a stressful time financially. The Christmas holidays typically lead to depleted savings and higher cre...
by Personal Finance News on May 20, 2016

Good News for Consumers: Google Bans Ads For Payday Loans

After deciding it doesn’t want to promote predatory lending practices that are harmful to consumers, Google decided to ban ads for payday loans on their ads systems. “Research has shown that these loans can result in unaffordable pay...
by Personal Finance News on May 12, 2016

4 best strategies for a lower credit card interest

Regarding Bank of America, two third of American card holders have credit card debt in months. And some less experience users are sharing a dangerous idea of carrying the balance month to month to keep the credit active. You are charged interest on t...
by Your Smart Credit on May 12, 2016

3 best strategies for a lower credit card interest

Regarding Bank of America, two third of American card holders have credit card debt in months. And some less experience users are sharing a dangerous idea of carrying the balance month to month to keep the credit active. You are charged interest on t...
by Your Smart Credit on May 12, 2016

Can’t Afford to Save? Here are 7 Quick Ways to Save Over $100,000

You probably have heard of the latte factor. That little innocent morning latte could cost you tens of thousands of dollars over the course of your working life. If you have trouble saving money for emergency fund, to pay off debt or to invest for r...
by Personal Finance News on May 10, 2016

How to pay off debt on your credit card [Infographic]

According to Bank of America, almost 60% of American consumers are in credit card debt in different levels. It shows American like utilizing credit in modern transaction but not all of us are wise borrowers who manage credit to support our life inste...
by Your Smart Credit on May 10, 2016

Warren Buffett: I Could End the Deficit in Five Minutes

Large debts are not good for individuals nor countries. Individuals can take care of their personal finance to fix the debt problem. What’s about country’s deficit? Warren Buffett says he could fix the U.S. deficit problem very quickly.
by Personal Finance News on May 7, 2016

New Rules Will Make It Harder to Get a Mortgage If You Carry a Credit Card Balance

Starting June 25 Fannie Mae introduces new rules to make it harder to get a mortgage if you carry a credit card balance. Basically, the new guidelines use trended credit data as a rating system to evaluate borrower’s ability to manage revolving...
by Personal Finance News on May 7, 2016

Circles of American Financial Hell: Parents are Pressured to Make Sure Their Kids Succeed

For middle class earning between $40,000 and $100,000, 44 percent could not come up with $400 in an emergency. 27 percent of those making more than $100,000 also could not. This is not poverty. So what is it? Rebecca Rosen on The Atlantic argues t...
by Personal Finance News on May 6, 2016

9 Signs You Aren’t Saving Enough Money

Kathleen Elkins writes on Business Insider: “Earning a lot of money doesn’t necessarily make you rich. At the end of the day, no matter what your paycheck reads, you still have to save and invest your money if you want to accumulate wealt...
by Personal Finance News on May 4, 2016


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