If you know someone who was arrested and needs help getting out of jail, they may ask you to cosign on a bail bond for them. Before you agree to take on this responsibility, it is essential to understand what it means to sign and use your assets as collateral for a bail bond for someone else. #1: You Are Taking on Responsibility for the Defendant When it comes to cosigning on a bail bond, it is vital to understand you are not just taking on a financial obligation; you are taking on a responsible for the person the bond is for, henceforth referred to as the defendant. [Read More]

The average amount of credit card debt that people have today is around $6,200. If you owe money to credit card companies, you might owe even more than this amount. The trouble with credit card debt is it is hard to pay off. If you are struggling with a lot of credit card debt and want to consolidate, one option is refinancing your home loan. If you own a house, you might be able to use this method. [Read More]