Should You Focus on One Bill or Make Multiple Minimum Payments?

As we've discussed often, debt can feel so overwhelming. If you owe money to multiple lenders, the situations gets even trickier. You only have so much money to use each month. Should you focus on one bill or multiple minimum payments? What's the best way to get the debt down? Always Make Your Minimum Payments One of the most important things that you can do to maintain good credit is make sure that you always make your minimum payments on time. It's not always easy. Sometimes it requires juggling Read more [...]

States Where You Can Go To Jail For Debt

If someone asked me whether they could go to jail for debt, my first reaction would be "of course not." However, that's not exactly true. There are certain types of debt that can result in jail time. Moreover, there are loopholes in the law that allow people to go to jail for debt in many US states. Here is what you need to know. You Can Go to Jail For Debt: Taxes and Child Support There are different types of debt. If you owe taxes, commit tax fraud, or otherwise mess with the IRS, then Read more [...]

How to Dispute a Debt

The journey of saving and financial freedom is often met with debt. Debt comes in many forms. These debts hurt your credit score when they fall into collections. You should check your score regularly for accuracy. Sometimes reported debits can be misrepresented or added to your report in error. Follow along for how to dispute a debt on your report. What Debt Can You Depute Debts you incurred can not be disputed. They can, however, be negotiated down for smaller pay-off amounts. The Read more [...]