Site Archives Debt

Debt Denial


Debt Denial
 
 
A lot of denial takes place when it comes to the subject of finances, debt, responsibility and financial accountability.  You may deny that debt is bad.  You may deny that you really have debt.  After all, isn’t debt just being past due on your payments? 
 
Isn’t a loan just a contract?  Or […]

Stop the Bleeding Now!


Stop the Bleeding Now!
 
 
By bringing to a halt unessential purchases, you can begin to get a handle on your debt.  Though that will stop the bleeding, it does nothing to correct past mistakes.  You still have to handle past purchases, past loans and other debt you have incurred. 
 
Now that you have stopped […]

Why Do People Go Into Debt?


Why Do People Go Into Debt?
 
Why do people go into debt?  Usually it is from ignorance of the eventual financial consequences.  True enough, sometimes, unforeseen disasters occur that are completely out of a person’s control.  This may include the loss of a job or gigantic health and medical bills that come out of […]

Chartery On Debt


Chartery On Debt
 
 
 
“Debt haunts the mind; a conversation about justice troubles it; the sight of a creditor fills it with confusion; even the sanctuary is not a place of refuge. The borrower is servant to the lender. Independence, so essential to the virtues and pleasures of a man, can only be maintained by […]

Ralph Waldo Emerson On Debt


Ralph Waldo Emerson On Debt

“A man in debt is so far a slave.”

”Debt, grinding debt, whose iron face the widow, the orphan, and the sons of genius fear and hate; debt, which consumes so much time, which so cripples and disheartens a great spirit with cares that seem so base, […]