About Us | Register | Login


Debt Forums

The debt help forum, where consumers the world over who are looking for answers to their personal debt question can post messages and get quick responses.
http://www.debthelp.tv/
Keywords: debt help

Money and happiness ... illusory correlation?

love and money
Some might argue that the correlations between love and happiness are illusory. Ask a poor loved person what they could use more of and chances are they will say money. Ask a rich single person what they lack and chances are they will say love. How do we rank our human necessities and our mental necessities? In doing this, one would also be taking into consideration that our own struggles have fixated our minds on the needs of life, as we see them. If survival is our basic human instinct, does that make love our basic human necessity? I can't ...


FICO® Credit Score Holds Steady At 804

There are plenty of things I could complain about in my life. My credit score isn't one of them. My FICO® credit score has held steady at 804/805 since May of this year:

My FICO credit score - November 2008 - 804

I was hanging out in a CNBC forum the other day and came across an interesting thread. The user has a FICO credit score of 788, but is still worried about a comment in his credit report that reads, "amount owed on revolving accounts is too high." I know this ...


How Money Really Works

So you think you understand how money works? OK, maybe you're a finance or economics professor and you know exactly how money works in the USA. If not, then I highly recommend the following long but extremely enlightening video series I found on YouTube.com. I've added each segment of the five part Money As Debt series in order below for easy viewing. The series was created by Canadian artist Paul Grignon. Comments welcome. Enjoy!

Money As Debt: Part 1 of 5




If You Have A Citi® Credit Card, Watch Out: Your APR May Be On Its Way Up

image: money flying awayWe all know how profitable credit cards are for the banks that issue them. So it's really hard to believe that the credit card unit of America's biggest bank lost close to $1 billion during the third quarter of this year. Citi® made $1.4 billion during the third quarter of 2007.

So what's Citi going to do about it? Yup, you guessed it: raise interest rates on a substantial percentage of the bank's 54 million active credit card accounts. Here's a clip from today's Wall Street Journal article:

"...Meanwhile, ...


Even When You Have Outstanding Debts, You Still Have Rights

debt collectorsThese days, it’s commonplace to swap telemarketer horror stories with friends and family; it’s as American as apple pie. However, wild bill collector stories are also becoming increasingly popular. With the average American carrying an average of $2500 in unsecured debt plus mortgages, many of us know the dread of receiving unpleasant calls from creditors, although we’re less willing to tell the tales.

An old friend of mine named Wes is one of the great storytellers - he has spent the last 5 or 6 years climbing out of debt. ...


EDITORIAL: Why I Am Not Voting For Barack Obama

I am a rare and endangered species in America - I am Black, and I am not voting for Obama.

The racial undertones of this 2008 Presidential Election cannot be ignored…well, not by persons like myself. Although most Americans have done everything they can to stay away from the racial issues, the fact of the matter is that most Black people in America are voting for Obama simply because he is Black. As long as he doesn’t admit to worshipping the devil or being a serial killer, they will support his candidacy as the fulfillment of the dream that fostered the Civil Rights Movement and every struggle for justice that Black Americans have endured ...


Is 5.00% APY On A 3-Year CD A Good Deal Right Now?

stock market crashWith all the chaos in the American banking system going on right now, consumers across the country are looking to for the safest place to store and grow their hard-earned dollars. The stock market crashed last week, with double-digit declines for each of the 3 major indexes. Though American equities regained some ground today, we are still dealing with a serious bear market. From the Prime Rate website:


A Gruesome Suicide Next Door

picture of apartment after fiery suicideI got home late last night, having spent the evening hanging out with friends. When I drove through the security gate of my apartment complex, I noticed some police activity at a building that's a good distance away from my building. I parked my car near my place, stepped into the house for a few minutes to rehydrate, then walked about a quarter mile to where I spotted the police cars. The police had just left, but Larry, a security guard I know, was still hanging around the building. I asked him what happened. At first, he didn't want to tell me because he was told by the cops ...


Losing Track of Student Loans Can Wreak Havoc On Your Personal Finances

While having a big family is a wonderful blessing in and of itself, it’s especially rewarding during tax season. Don’t get me wrong; I value my family infinitely more than a tax refund, but it feels good to know that my commitment to my marriage and children is recognized by our government when tax time rolls around. We had twins last year, so when my husband and I realized that we would get a Child Tax Credit for both of them, we thought that was pretty nice. After deductions, we expected a return in the thousands, so we were happy campers.

During that same time, however, we were dealing with a frustrating issue that did not put smiles on our faces at all. Somehow, when I consolidated my federal ...


My Three-Year-Old Thinks a Credit Card Can Solve Our Problems

credit cardsOne of my son’s favorite “toys” is his credit card. In actuality, it is a pre-paid Master Card that I received for the mail-in rebate on a PDA phone. The money long gone, I must have kept the card in my purse, because my excavating toddler found it and claimed it as his own. The card is bright orange, so it’s reasonable to believe that he would play with the small piece of plastic; however, the game he was playing was cause for alarm. My husband and I made the discovery one afternoon as he was leaving to run errands. We must have been discussing a bill of some sort because my son interrupted us, declaring, “Mom, it’ll be fine - I got my red car!” ‘Red car’, ...