How Much Does Debt Actually Cost You?

For anyone that pays tax, there is a big difference between the price of non-deductible debt and the price of deductible debt.  It is vitally important to understand the differences and how they can affect your efforts to eliminate bad debt and create wealth. Think of the two types of debt as outlined in the […]

Debt Consolidation – Credit Cards and Personal Loans

Usually private debt has a higher interest rate because the debt isn’t secured against an asset.  For example, your credit card debt has no asset ‘securing it’ that a lender can sell should you default on the debt. Car loans are cheaper than credit cards because there generally is an asset ‘securing’ the loan which […]