Everyone needs to go into debt at some point. But the borrowing world is full of traps and snares, often set by shady businesses! To help you steer clear of the mines, Forbes, the financial magazine, offers this excellent resource. (Photo: Creative Commons)
Consumers have paid down debt as high interest rates have discouraged them from taking on new debt, but many middle- and lower-income households are struggling just to get by. Market Watch reports on the causes and cautions of the growing ‘debt divide.’ (Image: ccPixs, Creative Commons)
In the seemingly affluent United States, out-of-control debt is sort of a quiet monster. It’s sleeping in the suburbs, lurking in the cities, and stalking many working Christians. The good news is that some wise churches are taking on this monster, helping God’s people to manage their money and teaching them how to put their […]
Debt lures us in with a promise: You can have what you want NOW, and pay for it later. And you pay dearly. The typical American family has about $15,000 in credit card debt, which costs $2,700 in interest at a typical interest rate of 18 percent. And that’s just on credit cards. It does […]
Is debt dragging your household down? That’s where Cherie Lowe was not long ago, but she and her family got serious and paid off $127,000 of debt in just four years. A blogger (http://www.queenoffree.net/), Cherie offers tips for how you can “Slay the Debt Dragon” in your life. (Photo by Unorthodoxy, used by Creative Commons […]
