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Personal Finance By The Book

Personal Finance By The Book

Co-signing for Your Spouse – Something to Think Twice About

August 10, 2011 by Joe Plemon 12 Comments

I discourage co-signing for two reasons: it doesn’t help the one who is making the request and it invites trouble in the relationship. The reason someone needs a co-signer is because the potential lender has determined that this particular borrower is not a good risk. Therefore, the best way to help this borrower face the […]

Filed Under: Debt, Dollars and Sense, Family

How To Plan For Massive Debt

July 13, 2011 by Tim 11 Comments

Why on earth would anyone want to plan for massive debt?  I’d rather have no debt, but we live in a world where having debt is more common than owning a dog.  With that in mind, it is smart to plan for massive debt, which includes your home, school loans and even a car loan […]

Filed Under: Debt, Family

Debt Consolidation and Debt Settlement: Know the Difference

July 4, 2011 by Joe Plemon 5 Comments

Debt Consolidation and Debt Settlement Know the Difference

Whereas debt consolidation companies and debt settlement companies have some similarities (with both, you send one monthly payment in lieu of several), they are, in reality, quite different. Allow me to explain.

Filed Under: Debt

What is Your Debt Actually Costing You?

April 4, 2011 by Joe Plemon 17 Comments

You already know that your debt is costing you, but have you considered just how much?  And in what ways?  I have a hunch that you are being affected in ways you might not even realize. So …  let’s explore: what is the real cost of debt?

Filed Under: Debt

Selling Your House to Pay Off Debt: Good Idea or Bad?

March 23, 2011 by Joe Plemon 11 Comments

Your debt load is so heavy it is consuming your life.  Just when you feel there is no answer to your dilemma, you start eying the equity in your house.   Pressured by the stress of your debt, you begin considering the unthinkable: selling your house to pay off debt. Should you?  The answer is “maybe”.  […]

Filed Under: Debt, Dollars and Sense

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