Most people have had times in life when they’ve been in “financial trouble” to some degree. That term can mean many different things depending on who you’re talking to, but none of them are positive. Sometimes, you never really know how close you are to being in trouble, where one or two missteps could turn your ...

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Detroit's bankruptcy should motivate everyone, to think carefully about their financial choices. No one knows how Detroit will pull itself out of this tailspin. But at least we can learn these five things from the city's mistakes. #1: Prepare for an Uncertain Future During the 1950s, Detroit was one of the U.S.'s most ...

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Being saddled with student loans can make life difficult. When you’re out of college or university, you’ll likely already have a heap of regular bills to pay, and the monthly hit from a student loan payment on top of those isn’t a welcome addition. Your personal credit rating will also be tied to paying off your debts on ...

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It’s a lesson everyone has to learn sometime – how to handle personal finances and money. And it’s one that children should learn at an early age, so as to better prepare them as they soon head out into the working world and have to independently manage their own finances. Too many young adults struggle with taking care of ...

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You are considering bankruptcy because of unmanageable debt. In short, bankruptcy wipes out most debts. Collections are resolved, legal action from your creditors is stopped, and wages are not garnished (except support payments). Working with a trustee A trustee is a licensed financial expert who guides you through ...

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