Archive for July, 2011

Presidential Address on Debt Ceiling, Possible Default Scheduled for Tonight

President Obama is scheduled to address the nation at 9 p.m. EDT (0100 GMT) regarding the nation’s debt crisis. According to officials familiar with the speech, the President will address the current debt talk stalemate, urge compromise between the two parties and emphasize the importance of “avoiding default and the best approach to cutting deficits.” [...]

Personal Finance Tips for the Family

Its important to get everyone in your household on board when you plan to undergo a financial makeover. Getting financial harmony within the household is a great way to avoid money arguments and to teach the value of money to children. Whether youre trying to cut back and get out of debt or simply want [...]

Few Popular Facts on Credit Card Balance Transfer

Credit Card Balance Transfer is a process where people can transfer their debt from high interest balance account to low interest balance account. The annual average interest rate is 16% on all the credit cards. But some credit card companies give an introductory offer of 0% interest or fixed low interest rate for duration of [...]

Using Personal Loans for Debt Consolidation

If youre in a situation in which you have so many bills and loan payments that you can hardly keep track of them, you should take a close look at personal loans. With a good credit history, you may be able to simplify your finances by getting an unsecured loan to consolidate your other loans, [...]

Will Your Children Inherit Your Debt?

Most of the time parents work to ensure that their children will not be left with tons of bills to pay after their passing. However, sometimes a parent might fail to reach this goal and you are left with more bills than the estate will cover. Therefore, you are concerned about inheriting the debt that [...]