Are you expecting a big tax refund this spring? If so, take a few deep breaths and talk yourself out of spending it on something that you may later regret. In most cases, you can’t go wrong with using a tax refund to help pay down debt.
The average American household has about $9,000 of debt, according to WBZ-TV. And the average tax refund in 2008 was $2,429, according to Predictify. That’s an amount that could knock a significant amount of principal and interest off many people’s debt repayments. Read the rest of this entry »
Consumers looking to consolidate their debt have been running into difficulties finding new sources of credit. Traditionally, you would either leverage the equity in your home or obtain a new credit card with more favorable terms in order to roll your consumer debt together. Unfortunately, credit card companies are much more likely to freeze or cut existing credit lines than they are to issue new credit for debt consolidation. Many homeowners have seen substantial declines in the value of their home and do not have sufficient equity to pull from. Read the rest of this entry »
(1 votes, average: 5 out of 5)
Welcome to the DebtHelp Blog
This blog covers a wide variety of debt consolidation and loan topics.
We rely on a large network of financial experts and leading authors to write the content for the DebtHelp.com Blog.
Chris Rocks is the Regional Director of the National Credit Federation (NCF). NCF is a nationwide membership-based organization that assists consumers recovering from a financial difficulty and those who need a significant increase in their credit score.
Chris began his financial services career as a Financial Advisor helping young families with risk management and asset accumulation strategies. It was during that time that Chris realized that many of these young families also needed someone to guide their choices with regards to debt management.
He made the transition into the mortgage industry where he first worked as a loan originator and later the Vice President of a small mortgage company. As Chris came across clients who had suffered through financial challenges and saw the difficulty they had in re-entering our credit driven economy, he discovered there was a real opportunity to leverage his unique background and help others.
He can be contacted by visiting his personal site, GoodCreditLiving.com.
Francine L. Huff is the Publisher and Editorial Director of Super Savvy Publishing, LLC, which provides editorial and publishing services. She is a gifted author, freelance journalist, and motivational speaker who has entertained and motivated a variety of audiences through workshops, panels and keynote addresses. Francine is the author of The 25-Day Money Makeover for Women, which has inspired and motivated many readers to rein in poor financial habits, become good stewards over their money and work toward a debt-free life. She has appeared on a variety of TV and radio shows. Francine previously worked for the Wall Street Journal, where she was the spot news bureau chief, a news editor and a copy editor. She has interviewed a variety of financial professionals about financial issues and strives to present information about managing money in an easy-to-understand format that is accessible to people of all backgrounds and income levels.
Karen Lawson is a freelance writer with more than 15 years of experience working in mortgage banking and loan servicing. She holds BA and MA degrees in English from the University of Nevada, Reno. She enjoys writing informative articles about debt management and personal finance.