Cosigning a Loan | A Chronicle of the Many Dangers

If you are a mean, hard, and calloused individual, you need not read this post about cosigning a loan.  However, if you have a tendency toward niceness and kindness flows within you, then you need to read this post line by line. MSN Money says you should never cosign a loan.  I'm not sure if never is the right word, but it would need to be a really unique situation. The nicer you are, the … [Read more...]

4 Debts You Should Try to Avoid

Excessive use of debt can be a major hindrance to your financial independence. Although sometimes unavoidable, here are four debts you should try to avoid as much as you can. Credit Card Debt Most of our debt problems come from the overuse or misuse of credit cards. Here are some interesting stats from the Federal Reserve's latest Survey of Consumer Finances for 2007. 46% of families have a … [Read more...]

Lending Club: How To Participate in P2P Lending

The people are taking their stand, and one giant middle man is being removed – the bank. Borrowing and lending has been part of human society for generations.  It was prevalent enough that God included some borrowing and lending guidelines in the books of the Old Testament law. Historically, the wealthy lent to those in need.  In our modern society, the banks have long since held the … [Read more...]