First things first, what is a statute of limitations on debt? A statute of limitations is the duration of time which debt collectors have to file a lawsuit to recover a debt. It is a rule restricting how long a creditor can sue you for the payment on that debt. All consumer debts, from credit card balances to medical bills,…
Wages garnished are used to repay debts. Wage garnishment is a judgment by the court making it mandatory that a portion of your income be applied to your debt balance. More than 90% of people who are sued by creditors simply do nothing. Of course, this is probably the worst thing you can do when faced with a judgement. Often…
Budget investing is here to stay. Have a few bucks in hand and want to invest? For many of us, we wouldn’t even know where to begin. The traditional thinking is that you need thousands of dollars to begin your investing journey. The fact is, you can start your investment with as little as $50! This is called “Budget Investing”….
Let’s cut right to the chase; an alarming number of Americans are carrying debt into retirement, including student loan debt. According to the Federal Reserve, Americans over the age of 50 owed more than $260 billion in student loans in 2018. What’s the average debt of retired Americans today? The biggest threat to retiring Americans today may not be saving…
People have money left over at the end of each month?? It’s not at all unusual to have no money left over at the end of the month. By the time payday comes around, many of our accounts are in dire need of a replenish. Most of us live like this and it’s really concerning. More than income or investment…
Priorities for your money – Needs before wants. While some of our expenses are naturally more vital than others, some are by our own choices. Most people, especially the younger generation, constantly complain that they don’t have enough money. If you see their income and bank accounts, this really isn’t the case. It’s just they fail to keep track of…
