Even though I got my first credit card more than 25 years ago, I remember it like it was yesterday. I was a freshman attending the University of California, Irvine. At age 18, just receiving an invitation to apply for...
Read moreThe Federal Reserve Bank of New York's Center for Microeconomic Data today (November 15, 2022) issued its Quarterly Report on Household Debt and Credit . The Report shows an increase in total household debt in the third quarter of 2022, increasing by $351 billion...
Read moreAnyone who’s ever been in debt knows one thing: it doesn’t make life easy. In fact, debt can have many negative effects on one’s livelihood. For example, having large amounts of outstanding debt can negatively affect your ability to obtain...
Read moreQ: Hi, Can a debt collector that is based in and licensed in the state of Delaware, collect a debt from me in California? Also, I know California no longer requires California agencies to be licensed, however they have broken 3 possibly...
Read moreDo you have a lot of unpaid debts? If so, your creditors may threaten your paycheck with wage garnishment. Wage garnishment occurs when a court issues an order to withhold a percentage of your paycheck until your debts are paid...
Read moreManaging your personal finances wisely is one of the hallmarks of a responsible and mature person. Unfortunately, not everyone is able to or willing to handle their own financial affairs. Sometimes money problems occur as a result of circumstances; other times...
Read moreDebtors prison was abolished in America well over a century ago. But that doesn’t mean you can’t get arrested or locked up for past-due debts. Here are four crazy instances in which authorities have hauled people off in handcuffs and...
Read moreIf you’ve resolved to improve your finances in 2016, now is a great time to do a debt detox. Many people are still in their holiday debt hangover, so the beginning of the year gives you a good opportunity, and...
Read moreMany people living with crushing debt focus on the ways that those out-of-control bills affect their finances.And it’s easy to see why.When you have massive student loans, an enormous mortgage, or maxed out credit cards, those obligations can be a...
Read moreQ: I have an outstanding medical bill from 2/2009 (DOS) for $92.00. I had a debt collector call me today. I am wondering if this medical bill is past the statue of limitations. I live in Florida. A: Thanks for reaching out...
Read moreYou don’t need to be a rocket scientist to figure out that having a lot of credit card debt can be a drag. Duh. It’s no fun stressing every time you get your monthly credit card statements or worrying if...
Read moreNobody wants to be mired in debt. But if we're honest about our financial patterns, we'll admit to sometimes making poor money choices — at least now and again — that can lead to debt. An occasional slip up with...
Read moreNone of us wants to have big debts hanging over our heads. There are smart ways to get them under control — tight budgeting, for instance — but also a huge number of bad choices that may just dig you in deeper....
Read moreany of my readers want to get out of debt – especially at the beginning if the New Year when they’ve made various financial resolutions. One recurring question I’m often asked is: which debts should I pay off first --...
Read moreo matter how good (or bad) you may be at managing money, if you’re carrying a lot of personal debt, those bills can erode the value of your hard-earned income or savings. For most people, having a mountain of credit...
Read moreAll information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.
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