Compound interest is not exciting. However, it is essential to most financial systems. Basically, it is money that lenders earn. For example, a savings account might pay you compound interest for lending money to the bank. You might pay this type of interest to a...

New York residents like you do not want to fall back into debt once you start making your way out of it. Of course, this is often a difficult task, especially if you have years of bad financial habits built up. One of the most crucial parts of success in fighting debt...

If you currently feel like you waded way in over your head in debt, bankruptcy may start looking like an attractive option. Bankruptcy may certainly help to resolve some financial problems, but it does not tackle the underlying issue of debt management. One popular...

If you were recently involved in an auto accident, our law firm realizes how tough your life likely is at the moment, especially if you were injured. Unfortunately, many people face long-term challenges in the wake of traffic crashes, especially when it comes to their...

Having a credit card is a helpful way for you to establish credit and build your score. However, irresponsibly or carelessly using your credit card may leave you drowning in debt. Your understanding of how to use your credit card strategically and responsibly may...

Credit, on the face of things, seems simple. As explained by the Federal Trade Commission, a simple definition of credit would be as follows: People borrow money to make purchases, then pay the lender later. Unfortunately, credit card companies and other lenders...

There are many different ways to approach paying off credit card debt. Two of the most popular approaches are either the “debt snowball” or the “avalanche” method. It is important to understand the differences between these popular methods to discern which method of...

It is difficult to face credit card bills that keep stacking up. If you find yourself overloaded with credit card debt, it is possible to regain control of your finances.  Keep reading for some important tips on paying down your credit card debt.  Negotiate with your...

It is easy to overuse credit cards. When you have credit, it can be easy to say that you will pay it off later. Sometimes, even when a person has the money to make a purchase, he or she will use a credit card. The problem is that with high interest rates, you may end...

If you use your credit cards regularly, it can be difficult to see a problem. You may be into a routine with managing your credit cards in a certain way that you cannot see that your debt is out of control. When this happens, it is a slippery slope to falling behind...