When the Love Boat morphs into the Titanic and you are flailing in the icy waters of the North Atlantic, the banks are not rescuers, they're sharks..
You don't need to win seven consecutive Tour de France competitions in order to get where you need to be. And you don't need to confess your credit sins to Oprah. By being truthful with yourself, you can create a stable financial life and "live strong."
There's a lot that the basics don't cover, and questions that you might be embarrassed to ask, like how to start rebuilding your credit after a bankruptcy. We cover 10 of the top I'm-too-chagrined-to-ask questions.
Before the recession of 2008 overturned many long-held financial beliefs, it wasn't uncommon for people to differentiate between "good debt" and "bad debt." Today, it's time to re-examine the concept that, in certain cases, acquiring debt may still make sense.
In the weeks leading up to the election, we've seen a lot of press coverage -- both good and bad -- about each of the candidates. Obama's and Romney's campaigns can actually teach us some lessons about credit.
Our schools play an important part in educating our children but they don't teach them everything. As parents, you will want to give your kids a head start in life by teaching them about credit before they leave the nest.
If your credit score has taken a summer vacation, it's time to make some commitments to yourself to make some changes there, too.
Credit is sort of like a healthy body. You've got to use it to have it and you've got to use it well and on an on-going basis to have it be stellar.
