Online Resource for Reducing Debt

January 28, 2009 — Mrs. Mecomber

I’m going to be pulling some relevant educational and resourceful websites out of my bookmarks, as well as keeping my eyes peeled, for sites that are useful resources for information and advice. I am amazed at the wealth of information on the Internet. Right now the buzz if how to reduce debt, especially in light of governments’ profligate spending and mismanagement of resources. Understanding economics and debt and learning how to reduce one’s personal debt will go a long way. This website offers a debt consolidation service, but even if you don’t go with that, there is a lot of relevant and informative articles about managing one’s finances and debt. Some of the articles are well worth a look. Of course, there is the usual advice:

  • Don’t spend more than you make.
  • Pay off the debt with the highest interest rate first.
  • Make more then minimum payments on debt payments.
  • wean yourself down to one credit card.
  • Know what “debt traps” are and how to avoid them.

It’s not very helpful that banks and government punish people with savings (low interest rates for savings, high for debts, high taxation, etc). It is time to take matters into our own hands with our own finances. Use the information readily available on the Net.

[Slashdot] [Digg] [Reddit] [del.icio.us] [Facebook] [Technorati] [Google] [StumbleUpon]
Posted in business services. Tags: , . Comments Off »

Using the Internet for Financial Help

September 23, 2008 — Mrs. Mecomber

The Internet is filled with advice on how to manage your money. Finding a reputable website can be quite the arduous task! However– it is not an impossible task. I’ll admit- my husband and I are in debt. Several years ago, he lost his job and couldn’t find another one (this has happened twice so far in the terrible New York State economy). The jobs he did find paid only half of what he was making previously. Ouch. Back then, we knew very little about debt and how to manage it. There were really no resources available to us (that we knew of). But now, thanks to websites like Bills.com, we can read about managing finances, paying off debt, and learning about how to wisely consolidate debt. Bills.com offers excellent articles, testimonials, and debt and mortgage calculators to use to manage debt and improve one’s finances.

At Bills.com, you can learn about:

  • the importance of credit counseling
  • debt negotiation
  • debt consolidation
  • the benefits of a debt management program
  • debt settlement
  • debt relief and how to get it

    • Certainly, the most important thing to do when working out of debt is to create a plan and stick to it! Consolidation can help, because it can reduce your interest rates, reduce payments yet pay off the amount quicker, and it also has the effect of giving you a solid plan for paying off the debt. I have recently consolidated my own debt and am no longer frittering away, throwing money at various accounts.

    Before the Internet, we were at the mercy of the banks for advice and help with financial matters. But computers and the web has changed all that, and information is now at your fingertips. So if you are in need of some good information, take a look online at Bills.com. They even have a little “Boot Camp” to consolidate debt!

    [Slashdot] [Digg] [Reddit] [del.icio.us] [Facebook] [Technorati] [Google] [StumbleUpon]
    Posted in free stuff, marketing, tips. Tags: , , , . 1 Comment »
    «
    »