Many people constantly complain about being in debt, but when you ask: do you have a budget, do you know how much you owe, or when you suggest they cut back on expenses they look at you as if you are speaking a foreign language, or they just plain out refuse I am always amazed at this; how can you ever get out of debt if you don’t change your mindset and if you aren’t willing to work hard and make sacrifices

In 2006, according to the US Census Bureau, there were approximately 14 million single parents in this country, and those parents are responsible for raising 216 million children

Over 1 million Americans file for personal bankruptcy every year The average American household has 10 credit cards

By now everyone is aware of the Vantage credit scoring system developed by the three major credit bureaus: Equifax, Experian and TransUnion The system grades consumers on a scale of A-F

During my sophomore year in college every day as I walked to class I passed tables where vendors urged students to fill out a credit card application, bribing us with a free t-shirt, water bottle or key chain, so I signed up for one I received preapproved offers in the mail, and within three years I owned 13 credit cards and owed $10,000

Your credit score is one of the most critical factors in your financial life It determines if you will be approved for a loan or line of credit

Did you ever wonder why a negative item has to stay on your credit report for 7 years This question has been circulated for many years, and no one was able to give an answer other than what is stated in the Fair Credit Reporting Act (FCRA)

Credit card companies now make it so easy to transfer one credit card balance to another We get so bombarded with all the advertisements for balance transfers it's hard to decide what company to do business with

Many Americans today don't have a savings account or emergency fund I heard on the news recently that the Commerce Department reported that Americans spend all the money they have and personal savings rates have reached the lowest level since the Great Depression

Which is better, debit or credit Can't decide if you should shop with a debit or credit card