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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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Why North Texas Is a Hotbed for Debt Relief Firms

By Enero Febrero

North Texas is becoming a popular destination for debt relief companies looking to set up shop. The region has become home to a range of firms including United Debt Counselors (UDC). The region has seen significant investment in retail and office ...

Continue reading Why North Texas Is a Hotbed for Debt Relief Firms

April 14, 2017

If You Can’t Live on $40,000 Per Year, It’s Your Own Fault

By Len Penzo

Awhile back I described ten common characteristics of debt-free people. In that article, I specifically asked my readers to consider this question: "Why is it that there are families out there with household incomes under $40,000 comfortably ...

Continue reading If You Can’t Live on $40,000 Per Year, It’s Your Own Fault

April 10, 2017

What Influences Your Credit Report Score?

By Sabado Domingo

If you've ever gotten a free credit report score, you've probably wondered exactly what factors influence your overall credit score. Unfortunately, your credit score is a complicated number that is influenced by a variety of factors that differ from ...

Continue reading What Influences Your Credit Report Score?

April 5, 2017

What is a DMP and When is the Right Time to Apply?

By Len Penzo

A recent survey found that 22% of respondents in the UK say that their day-to-day finances are the main cause of stress. Clearly that's a significant number of people -- and that number has risen almost 50% in the last year. One big contributing ...

Continue reading What is a DMP and When is the Right Time to Apply?

March 3, 2017

5 Ways to Survive a Money Emergency

By Tex Freitag

Nearly everyone will experience a serious money emergency at some point during their lifetime. Something financially catastrophic happens, like your car breaks down or you have to pay a huge medical bill. Afterward, you may be left with little or ...

Continue reading 5 Ways to Survive a Money Emergency

February 24, 2017

What is a Logbook Loan?

By Enero Febrero

It is unfortunate that most people are denied payday loans due to the fact that they are unemployed, self-employed or because their monthly spending is higher than their income. In other cases, this can be due to the fact that they do not meet the ...

Continue reading What is a Logbook Loan?

January 27, 2017

100 Words On: Why Excessive Debt Leads to Indentured Servitude

By Len Penzo

Taking on excessive debt -- and continuously spending more than you earn -- greatly reduces the wealth you can accumulate down the road. As a result, your options in the future become greatly diminished because you are essentially spending tomorrow's ...

Continue reading 100 Words On: Why Excessive Debt Leads to Indentured Servitude

January 19, 2017

My State of the Household Report, Net Worth, and 2016 Expenses

By Len Penzo

I've said it before and I'll say it again: When it comes to money management, one of the most important pieces of information anyone can have is a detailed summary of where your household income was spent during the previous year. I've been ...

Continue reading My State of the Household Report, Net Worth, and 2016 Expenses

January 13, 2017

3 Personal Finance Instances When Deficit Spending Is a Good Idea

By Neal Frankle

Most personal finance bloggers extol the virtues of frugality and I'm normally among them. It's true. People generally get wealthy (and more importantly stay wealthy) because they learn to live well below their means. But sometimes, it makes a lot ...

Continue reading 3 Personal Finance Instances When Deficit Spending Is a Good Idea

December 28, 2016

100 Words On: Why You Should Never Ever Fear Credit Cards

By Len Penzo

Credit cards provide a safe and convenient avenue for short-term borrowing. When used wisely and responsibly, credit cards provide valuable benefits that cash simply can't including consumer protections, cash dividends and other rewards. They can ...

Continue reading 100 Words On: Why You Should Never Ever Fear Credit Cards

December 22, 2016

How to Get a Car Loan If You Have Terrible or No Credit

By Walter Moore

Getting a car loan is very easy if you have a good credit score that meets the lending criteria of the financier, but when you have a poor credit report or no credit at all, the exercise can become really difficult. If that's your hard reality, then ...

Continue reading How to Get a Car Loan If You Have Terrible or No Credit

November 23, 2016

An Overview of Ameritech Financial

By Enero Febrero

This is a sponsored post from Ameritech Financial. Ameritech Financial is a company that helps people with one of the biggest problems that currently exists: student loan debt. Student loan debt in the United States equals more than has grown to ...

Continue reading An Overview of Ameritech Financial

November 11, 2016

How to Take Control and Manage Your Money When You’re Deep in Debt

By Tex Freitag

If you're lost in financial debt, getting back in control can seem like an uphill struggle. With the high cost of living and stagnant wages, it's not always easy to pay what you owe -- especially if you've been borrowing from multiple creditors ...

Continue reading How to Take Control and Manage Your Money When You’re Deep in Debt

October 19, 2016

Quantifying the Enormity of the US National Debt in Pictures

By Jeff Desjardins

When numbers get into the billions or trillions, they start to lose context. The U.S. national debt is one of those numbers. It currently sits at $19.5 trillion, which is actually such a large number that it is truly difficult for the average ...

Continue reading Quantifying the Enormity of the US National Debt in Pictures

September 20, 2016

Why the New Face of Money Management Is Making Walk-in Banks Obsolete

By Len Penzo

Due to advancements in technology, the ever-growing mobile trend, and society's desire for convenience, the face of money management is evolving. In the past, everything was done manually and was centered on brick-and-mortar banking institutions. ...

Continue reading Why the New Face of Money Management Is Making Walk-in Banks Obsolete

September 13, 2016

A Quick Look at the Hidden Costs of a College Education

By Len Penzo

Let's face it, folks: for most people, college is a really bad investment. That's why I'm constantly harping on the high cost of college and the importance of ensuring -- before you commit to higher education -- that the degree you're chasing will ...

Continue reading A Quick Look at the Hidden Costs of a College Education

March 22, 2016

Poll: The 5 Biggest Money Regrets of 2015 — and How to Conquer Them

By Fred Schebesta

I'm confident that this time last year, scrawled on your list of New Year resolutions, was a sentence relevant to at least one of these four phrases: 'save money' 'stop spending' 'get out of debt' 'stick to a budget' According to a ...

Continue reading Poll: The 5 Biggest Money Regrets of 2015 — and How to Conquer Them

January 6, 2016

Unlike Gen X, the Millennials Think College Is Still Worth It

By Sabado Domingo

Millennials may be paying out a lot more for college and racking up record student debt -- but they don't seen to mind, if the latest market research of 500 university graduate students by Credit Sesame is any indication. Even though the cost of ...

Continue reading Unlike Gen X, the Millennials Think College Is Still Worth It

November 3, 2015

Infographic: Diagnosing the Causes of Medical Debt in the U.S.

By Ivan Serrano

Over the last few years, medical debt has quickly become the number one reason why people file for bankruptcy in the United States. In fact, 1.7 million people will be forced to file bankruptcy because of their medical debt. Regardless of whether ...

Continue reading Infographic: Diagnosing the Causes of Medical Debt in the U.S.

November 13, 2014

The Average Owner Credit Score and Loan Payment for 10 Popular Cars

By Len Penzo

In case you missed it, the other day ZeroHedge published a story on the soaring car repossession rate that included some interesting data from Experian comparing the average credit scores and loan payments for owners of ten popular car models. I ...

Continue reading The Average Owner Credit Score and Loan Payment for 10 Popular Cars

August 26, 2014

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