Debt Free Living Center:
Quick and simple tips to make
your money go further

How long does it take to pay off credit card debt?

Paying off your credit card debt could take months, years, or even never. It really depends on how much you are paying against the credit card each month, and what the interest rate is. One…

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What is a good credit score?

Equifax, Trans Union, and Experian credit bureaus will tell you, anything in or above the 700 range is considered a good credit score. As your credit score gets higher, it generally means the more credit…

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Marrying somebody with bad credit

It’s an interesting question because I came across an article the other day, and someone was asking how  they were ever going to meet someone, or even get up enough courage to look for someone, when…

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Can I pay off a credit card with a credit card?

The simple answer is yes you can, but there are so many reasons you should never pay of a credit card with another credit card. I have a friend, who I consider my best friend,…

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How to cancel a credit card in Canada

Canceling a credit card is a simple process.  You need to call the credit card company, and advise them that you would like to cancel your card. The credit card company will ask all sorts…

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How do collection agencies work?

Collection agencies can be used in many ways by creditors in an attempt to collect debt on their behalf. One way is called is called 1st party collections. This is where a collection agency will…

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What is a debtor?

This is an interesting question as the word debtor rarely ever comes up in any conversation. You will hear this term more often than not, in collection agencies, when you are speaking to bill collectors….

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Statute of Limitations

The statute of limitation was put in place to protect people in cases where a debt has either been forgotten about, or it has now been discovered by a creditor after many years have gone by.  …

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What is overdraft protection and should I use it?

Overdraft protection is just another product the bank offers, as a way for individual to pay off an expense that comes through, and they do not have enough money in their bank account to cover…

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Can credit card companies take your home?

If you are a homeowner, and have debt, you might be concerned that your bank or credit card company can take your home away from you, and put your family on the street. Words like…

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