I was just sitting down with a friend who was telling me how he missed out on the perfect job though he felt he was the most qualified for the position. I mean, my friend has a pretty impressive resume and he interviews well, so I was thinking, what could be the problem? That’s when it struck me. I asked him, how’s your credit? His response? Not so good. With the recent downturn in the economy he had a car repossessed and had to come to settlement agreements on a couple of credit cards. My response to him: You may not want to hear this, but I think your credit was probably a determining factor.

After extending our credit cards and checking accounts to the limit for holiday shopping, I think we’re all eager to figure out ways to save more money throughout the year and not feel that pinch on our wallet after the holidays. Here are a few tips that could alleviate the holiday spend hangover.

Ok, don’t panic. Not all lawsuits are created equal, and certainly, how each creditor handles a lawsuit varies. See, there are a lot of factors that go into a lawsuit and the stages that follow (or don’t). What makes a creditor decide to sue? Why do some file suit, but then never seek out a judgment? Even those that obtain a judgment, they don’t always enforce the judgment? Why?

Do you need money to fund certain expenses – going on holiday, buying a car, getting married, etc – that doesn't require any collateral? If so, then getting a personal loan is the option for you. Doesn't that sound great? A loan where you don't have to put up your car or your house just to get money?

You’re in over your head, which debts MUST you pay. Debt is just a part of our lives. No matter how much money we might have, we use credit to purchase items at almost any income level. However, just as much as debt is a part of our lives, hardships happen and may make it difficult to keep up with monthly obligations. So what do you do?

Are you strapped for cash with your next payday still so many days away? If so, welcome to the world of payday loans where you get an advance that will tide you over until you next payday. But how exactly does it work? Before we can go into the details of how it works, it's best that you know some of the basics.