Guide to Personal Finance

Are you in debt? Well, you’re in good company. The Federal Reserve Board reports that 44% of all Americans are in debt. Debt happens but it’s not the end of the world. There are many services available to help get you out of debt. Of course, they can’t keep you out of debt. You have to do that yourself. But the best personal finance credit management services as well as consolidated loans.

There are non-profit credit services in every state in America. Some of these are low-cost to no-cost. You need to get together all of the information on how much you owe and what your monthly bills are.

They should never ask you to falsify any information or promise to remove any information from your credit report. That’s illegal. They also should not ask you for “donations”. That just goes right into their pockets.

The Plan Of Attack

The main steps you have to take for getting out of debt are:

Keeping track of where your money is going
Keeping track of how much money you make
Ultimately, spending less than you make

Getting help in learning this can come from these places:

Credit Card Companies

Believe it or not, one of the first places to go to ask for help getting your debt under control is your credit card company. They are used to working with debt consolidators every day. They should be able to give you a list of business or services they recommend.

Credit Card Consolidation

It’s not the amount you owe (the principle) of your credit cards that puts you into debt and keeps you there it’s the interest. Personal finance experts recommend you having only credit card. In the meantime, you need credit card consolidation to lower interest rates.

Credit Counseling

The best places to help you get out of debt will not just offer you a consolidation loan, but they will also help you with money management classes. This is usually called a credit counseling service.

Consolidate Loan Students

Although not grammatical, entering that phrase into your favorite search engine will get you fast results on student loan consolidation, which works in the same way credit card consolidation does. This way, you pay les on interest if not the principle of the loans.

Merchant Account Credit

If you have your own business, or even sell at flea markets, you can save fees by having merchant account. Credit brokers and many banks should help you be able to have your customers pay you by credit card.

3 In 1 Credit Report

You are entitled to one free annual credit report from each of the nation’s three credit bureaus. For a small fee, you can also get these all at once and get them interpreted for you. This can keep you from identity theft.