Struggling with credit card debt can cast a black cloud over every aspect of your life. The longer you stay in debt, the more damage you’ll end up doing to your credit rating. That in turn will make it harder to get a loan in the future for important borrowing like a home mortgage. Not […]
How To Qualify for a Home Equity Line of Credit (HELOC)
A home equity line of credit can be a smart choice for many borrowers. As opposed to other types of borrowing, a HELOC generally carries a lower interest rate than a credit card or an unsecured loan, and for most people, the interest on a home equity line of credit is tax deductible. The biggest […]
How To Improve Your Credit Score
It is no secret that in general, I think it is best to be totally debt free. Just take a look at my series on Debt Free Forever. However, there are times when credit is necessary, and even if you are on a cash basis, there are times when a good credit score is important. […]
Don’t Pay Off Your Credit Cards! – Not This Foolish Way
It should be clear by now, that here at Money, Debt and Taxes we are big fans of paying off your credit cards. But when it comes to paying off your debt, it is amazing how much bad advice is out there, even from trusted sources. Recently I came across an article on The Motley […]
What To Do When You Can’t Pay Your Taxes
April 15th has arrived, and you don’t have enough money to pay your taxes. What are you going to do? First of all, don’t panic. You are not alone. Every year thousands of people come up short when it comes time to pay the IRS. Here is what you can do when you can’t pay […]
How To Get Out of Debt – Debt Free Forever
This is the fourth post in a series that will explore how you can become debt free, and stay debt free forever. Future posts will talk about when you should and should not use credit cards for purchases. Why you should care about your credit score, how to save money on every day expenses, will […]
Eliminate Tax Debt with an IRS Offer in Compromise
Are your unpaid back taxes overwhelming you? Are you looking for tax debt relief? If you don’t think you will ever be able to pay off your tax debt, you may be able to eliminate a large portion of your tax debt with an IRS Offer in Compromise. With an Offer in Compromise, the IRS […]
Help From the IRS for Struggling Home Owners
Many years ago I was doing a tax return for a couple who had had quite a few major financial setbacks the previous year. They had just barely managed to stay in their home. They had avoided foreclosure because their lender was willing to work with them. Their loan had been totally redone and the […]
Debt Free Forever – The Credit Card Pay Off Plan
This is the third post in a series that will explore how you can become debt free, and stay debt free forever. Future posts will talk about when you should and should not use credit cards for purchases. Why you should care about your credit score, how to save money on every day expenses, will […]
Debt Free Forever – Adding Up The Debt
This is the second post in a series that will explore how you can become debt free, and stay debt free forever. Future posts will talk about when you should and should not use credit cards for purchases. Why you should care about your credit score, how to save money on every day expenses, will […]