Bitcoin was the first cryptocurrency based on blockchain technology. It was made as a peer-to-peer payment system that allowed people to transfer value without the need for any central authority or third party. The network is maintained by anonymous miners all over the world.

The fact that no one institution has control over the currency or exchange means that Bitcoin and many other cryptocurrencies run on decentralized exchanges.

Also, the people who maintain the Bitcoin ledger and mine more Bitcoins can then earn more Bitcoins. This means that the issuance of money is truly independent.

Private banks lend money to governments at interest and create debt-based economies. This doesn’t take place on a decentralized exchange.

If you’re interested in learning more, then continue reading and we’ll take you through how decentralized exchanges work.

What Is a Decentralized Exchange?

A decentralized exchange (DEX) is an exchange market that doesn’t rely on third-party services to hold a consumer’s money. Instead, trades occur between users directly. This system can be established by making proxy tokens or assets.

All transactions are saved to a public ledger so that no mistakes can be made about how much money each person has.

How Does a Decentralized Exchange Work?

Before Bitcoin was invented, the only way to exchange money digitally was through a private bank or a platform like Paypal. Even then, the money used was still issued and controlled by the government. Bitcoin was able to change all of that by making a decentralized currency.

Now, individuals can trade money directly, without the need for a bank. Each Bitcoin transaction is recorded and confirmed by the Bitcoin community. There’s no single point of failure so it’s practically impossible to shut down or control the system.

How Are Decentralized Exchanges Different from Centralized Exchanges?

In a centralized exchange, users need to be identified and their money has to be kept in accounts that are owned by institutions. The exact opposite takes place on a decentralized exchange.

A centralized exchange is in charge of keeping a person’s accounts safe and secure. They completely control the operation of the platform and make decisions on their own on how to run the service.

A decentralized exchange is managed by the platform participants. The platforms provide the technical capabilities to the users so that they can trade money directly. A distributed ledger is used for storing and processing all of the data.

The goal of a DEX is to allow users to move money between each other. A DEX doesn’t store any money or manipulate the money supply.

There is also the Uniswap Liquidity platform. This is a platform that lets people trade and make transactions without trust or permission. If you’re interested, you should learn more about Uniswap liquidity.

The Importance of Knowing How a Decentralized Exchange Works

If you’re interested in using cryptocurrencies, then you should arm yourself with as much knowledge as possible. And that means knowing how a decentralized exchange works so you can make better financial and technological decisions.

Make sure to check out the rest of our site for more helpful articles!

Structured settlements were originally adopted as a way to protect settlement recipients. Yet today, nearly 40 years after they became common, structured settlement annuities remain poorly understood.

If you’ve been awarded a settlement or are considering one, here are the key benefits you need to know about.

What Are Structured Settlements?

Structured settlements happen when you sue someone and either win the case in court or agree to settle out of court. The defendant agrees to pay you a total amount of money, say $400,000. Instead of paying it to you all at once, they pay a qualified third-party company.

The third-party intermediary then pays that money out to you over time. For example, they might contract to pay you $10,000 a month for the life of the debt. This arrangement is a structured settlement.

What Are the Benefits of Structured Settlements?

Courts first adopted structured settlements to help recipients handle large settlement awards. Recipients often experience less stress and make better financial choices when they receive smaller, more regular payments than when they get large sums all at once.

That isn’t the only advantage of structured settlements, however. Here are the top seven most impressive structured settlement benefits.

Tax and Asset Protection

Tax law gives special treatment to structured settlements. They are often tax-free. They are also protected in other ways.

For example, in many cases, creditors and family members can claim rights to portions of an individual’s income in the event of debt or divorce. Structured settlements cannot be claimed the same way.


Structured settlements make it easy for recipients to plan and organize their finances. They can keep recipients in their homes, prevent them from losing vehicles, and provide stability during times of stress and upheaval.

Cost of Living Adjustments

Many structured settlements contain cost of living clauses. When this happens, recipients receive more money over time as their award increases to balance out inflation.


These payments are exceptionally secure. Direct deposit and other optional features can make them even more so.

No Market Fluctuations

One of the biggest benefits of structured settlements is that they are not affected by fluctuations in the stock market. Recipients’ awards are consistent and secure and do not lose value in any circumstances.

No Fees

Recipients pay no fees associated with their settlement awards. The company handling the settlement pays for everything.

No Interruption of Other Benefits

Receiving an annuity does not affect beneficiaries’ eligibility for Social Security, Medicaid or Medicare, public assistance programs, or other income-based supports. In that respect, it is “free money.”

The Other Benefit

Structured settlements also offer a hidden benefit. They can be turned into lump-sum payments at any time. Recipients can sell their rights to some or all of their settlement and receive a lump-sum right away from a financial services company.

Check out Rightway Funding yelp reviews to learn more about how that option works and why people choose it.

Smart Money Moves

Structured settlements can help you make good money choices. So can learning more about how the financial world works. Check out our Money Section for more tips, tricks, and information on how to handle your money well today.

About 44 million Americans currently have Medicare coverage. But that doesn’t mean many more don’t have Medicare eligibility questions.

If you’re eligible for Medicare, you should consider a few resources regarding your health coverage.

Keep reading for some fantastic resources and what Medicare questions to ask.

1. The Medicare Website

The best place to get answers to your Medicare eligibility questions is the Medicare website. You can find various forms for filing claims or appointing representatives.

The website also has a link to help you find doctors and hospitals near you. You can also report a lost or stolen Medicare card, and you can report fraud.

Medicare’s website also has information on how to contact them with more questions. They take your privacy seriously, so they also offer information on that.

You can probably get the answers to your most common Medicare question here. However, it’s not your only resource.

2. The Health Insurance Marketplace

If you’re about to switch to Medicare, you can also consult the Health Insurance Marketplace. Their website has some information about switching to medicare from a marketplace plan.

They outline the basics of how and when to switch coverage. Even if you’re on Medicare, if your spouse is about to qualify, the information can be useful.

It’s also helpful if you or someone you know qualifies for Medicare because of a disability or some other reason. The page can help you cancel your marketplace plan when you become eligible for Medicare, so you can make a smooth transition.

3. The Medicare Resource Center

The Medicare Resource Center is an independent website that has information on getting Medicare coverage. They have information on the basics of the program as well as what coverage options you have.

You can learn about Medicare in your state as well as how to enroll in Medicare. The website lists the dates for open enrollment so you can change your plan if necessary.

They also have resources for how you can save money on your healthcare coverage. You can get answers to Medicare billing questions and other issues.

While they aren’t part of the government, they can also help you get a quote for your Medicare costs.

4. The Social Security Administration

If you want to learn more about your Medicare coverage, you should look to the Social Security Administration. They have a page all about Medicare benefits, and it talks about some common Medicare questions.

You can determine what types of Medicare to sign up for, and you can learn how to apply online. The SSA website also has information on Medicare cards and how you can manage your benefits.

They also have a list of who to call with Medicare questions or Social Security questions. That way, you can get the answers you need more quickly.

The SSA also has information on applying for Medicare before you retire. You can also read more about the different parts of Medicare.

5. The National Council on Aging

If you don’t have much income, you may want to check out the National Council on Aging. They have a page all about the Medicare Savings Programs.

You can use the page to determine if you’re eligible for financial assistance to cover your medical costs. They cover programs for individuals and beneficiaries.

The website also offers other information for older adults, so it’s a great resource for things outside of Medicare questions. That makes it a great one-stop-shop.

And if you aren’t quite ready for Medicare, the resource can help you prepare for retirement and the program. That way, you can get the financial help you need.

Common Medicare Eligibility Questions

While knowing about your resources is helpful, you should also consider what Medicare questions to ask. Determining your eligibility doesn’t have to be difficult, but you may still have questions.

Whether you have Medicare eligibility questions or want information on other areas of Medicare, you should come up with questions.

Then, when it’s time to enroll, you can choose the right Medicare coverage for you.

When Do I Qualify?

As a healthy adult, you will qualify for Medicare coverage when you turn 65. When you’re younger, you’ll need to get coverage through an employer or the marketplace.

However, younger adults may be eligible in some cases. Disabled people can qualify for Medicare, and so can patients with End-Stage Renal Disease (kidney failure).

If you’re younger, you should consult a doctor or one of these Medicare resources to determine if you can get coverage. That way, you don’t have to worry about finding other insurance.

What Does Medicare Cover?

You should figure out what your Medicare plan will cover. When enrolling, ask about things like prescription drugs and telehealth visits.

If you want to have a doctor’s visit from home, you can ask about Medicare On Video. And if it’s available, you won’t have to leave the house for an appointment.

Other things to ask about include travel coverage, surgeries, and other expected medical costs. That way, you can make sure you choose the best Medicare plan for you.

How Can I Enroll?

Once you’re ready to enroll in one or more parts of Medicare, you need to know-how. Don’t be afraid to ask about when you can initially enroll.

If you’re ever unhappy with your coverage, you should also ask when you can change to a different plan.

Enrolling in Medicare is similar to enrolling in other health insurance plans. However, it does require a bit of work to make sure you get the right coverage when you need it.

What If I Can’t Afford Medicare?

If you need a lot of coverage and can’t afford it, look at financial assistance programs. They can help you cover some or all of your costs.

That way, you can still get Medicare to cover your medical bills. But you won’t have to go into debt or sacrifice other expenses.

Answering Your Medicare Questions

Navigating Medicare can be tricky at first. It’s a new form of health insurance, and it can be hard to get started.

But if you know what Medicare eligibility questions to ask and where to look for answers, you can get the help you need.

Did you enjoy this article? Check out our blog for more content!

If shopping for another home is in the cards for you sooner than later, any thoughts to what you would like to find?

Shopping for a home can prove both exciting and stressful at the end of the day.

With that in mind, try and make the process as free of stress as possible.

Where to Start the Search?

In looking to land your next home, here are some tips to help you out:

  1. It all begins with money – When searching for a home, you may wonder where best to begin the search. Your best bet is to take some time and do a good review of your finances. You can’t buy a home if you are having any notable financial issues. This starts with trying to qualify for a home mortgage loan and of course being able to pay things off each month. That said you may find you are in a better financial position now to rent instead of buying. While you are not earning any equity, you do have flexibility to moving somewhere else if you so choose. You want to be sure that any monthly mortgage will not significantly cut into paying for things. That is health insurance, car payments, utilities, reducing credit card debt and more.
  2. Location, location, location – You’re not going to want to live in a home when not too thrilled with the location. As such, be sure to find a locale that you sense is more than suitable. If you are planning to only be there a short time, then renting is the obvious way to go. When you want to put down some roots and build on now and your future, make sure the location is suffice. That means you are in a safe area. It also means you are not too far from your job if you have to commute. Check to see where such things as medical care, grocery stores and more are located. In the event you have small children, a good school district will be of importance. Take the time to study an area and be sure you can live with it.
  3. Knowing what you want – It goes without saying that you will want to have a good idea in your head of what it is you want in a home. With that in mind, you should use the Internet to help you. You can see countless home designs online via blog posts, videos and more. Get a feel for what it is you’d like in when it comes to rooms, doors, windows and more. You should have a good sense of this whether moving into a home already built or starting from scratch. So, think of layouts, consider bifold doors to make for more openings and light, space you need if with a family and so on. Always go into the process with a good sense of what basics you want. You can always make some alterations over time if space and money allow you to.

As you think about your next home, are you getting excited?

It’s estimated that Americans produce nearly 1,750 pounds of trash per person, per year. It’s becoming clearer every year that this rate of consumption isn’t sustainable and innovators have proposed many solutions ranging from broader recycling to biodegradable packaging. Yet, manufacturers are reluctant to opt-in.

So, until industry makes those changes, one thing is clear: The various types of garbage trucks are some of the most essential vehicles on the road today.

Here’s the most essential information about some common types of garbage collection trucks.

Garbage Trucks That Load From the Front

Front loading garbage trucks collect industrial waste in most cases. They may also be used for waste from home demolitions and other large-scale personal projects. These trucks hold up 8,000 pounds and 40 cubic yards of trash.

Using hydraulic forks, they collect garbage from large metal containers known as dumpsters. They dump the waste into the truck body. Because all sides of the truck body are closed, some trucks of this kind can collect liquid waste.

Its capacity is maximized by a built-in compactor to crush the collected garbage.

Types of Garbage Trucks That Load From the Rear

Rear-loading garbage trucks are the classic vehicle many people picture when thinking of a garbage truck. They’re designed for garbage collectors to hang on the back and gather trash bags. The back of the truck is open and the workers throw bags into the bin with no problem at all.

Rear loader trucks for sale are great for anyone in need of a garbage truck. They’re the easiest type of garbage truck for civilians to use because they don’t use complicated hydraulics. Make sure you’re licensed to operate the vehicle before driving one, though.

Side-Loading Garbage Trucks

Side loader trucks are becoming more common with residential garbage collection companies. These types of self-loading garbage trucks use a mechanical arm to pick up garbage cans and dump them into the truck body. 

There are some manual side loader trucks that employ a second worker to collect the waste.

Roll-off Trucks for Bigger Jobs

Another common type of garbage trucks is a roll-off truck. Like front loading-trucks, they collect waste from dumpsters. Unlike those vehicles, they load the entire dumpster onto the truck instead of emptying it into the truck body. 

Like front loaders, roll-off trucks are also a good choice for removing liquid waste because there is nowhere for the liquid to spill out.

Grapple Trucks Grab Stuff

Maybe the most impressive kind of garbage truck is a grapple truck.

You usually think of garbage trucks as something with a collection bin, but these often don’t have one. They use a mechanical arm to grab bulky things like wrecked cars and carry them to the junkyard.

Fun Facts You’ve Never Heard and Useful Tips

Now that you know about some common types of garbage trucks, you can choose the best vehicle for your waste collection needs. Choosing the right type of truck is the difference between success and an expensive disaster, so this is vital information.

If you’re interested in learning more fun facts and great tips, take a look around the site. We have all the information you need to stay entertained and make good decisions.

The debate between buying and leasing a car is never ending. There are fair arguments for both, but there are few ways to get the latest model car unless you decide to lease.

Leasing a car is the perfect solution for many people who just don’t see the value in car ownership. Here’s a car leasing guide to help you navigate the process once you’re ready to get started.

Getting Started with Leasing 

Car leasing isn’t an option for everyone. It’s important you prepare both your finances and credit before getting involved with a lease. 

You’ll get the best deals and lowest payments if you choose to lease your car with good credit. Interest rates can mean the difference between hundreds of dollars a month in car payments. 

Boost your credit score quickly by paying down debt on credit cards and making on-time payments. These both account for more than 60 percent of your credit score.

Avoiding closing any accounts while you’re working on your credit. If you can get your credit above a 750, you’ll have to most opportunities to get the car of your dreams at a fraction of the cost. 

Where to Look for Leases

The next step to the leasing process is finding the car you want. Many people look to lease cars they couldn’t afford to buy in cash.

Start at the best car dealership in your area with a wide assortment of new cars. This isn’t a requirement, but it’s definitely a good place to start if you’re in the market for a luxury vehicle. 

Look for cars with low expenses like low gas mileage, dependability, and inexpensive insurance plans. Expect to pay a significantly less insurance premium for a new car rather than a used car.

Start by making a list of cars in your price range and desired features. Schedule appointments with local dealerships so you’re not blindsided by distractions when you visit the lot.

Salesman can be adamant about alternative deals and offer especially if there’s a bonus in it for them. Be clear about your budget range and the make and model car you’re looking for. 

What Kind of Lease Can I Get?

Lease terms vary based on the kind of deal you want. Negotiate the purchase price of the car. This sounds counterintuitive for a lease but you need to know this in order to make sure it works for your budget.

Your monthly car payments are based on this purchase price. Discuss this before locking yourself into any deals with the salesman. 

You can research this amount before heading to the dealership if you’re very sure about what kind of car you want. Check Consumer Reports to learn how much the dealer pays for a certain kind of car.

There’s a small fee to check, but this is the difference in thousands of dollars in payments. Knowing ahead of time can spare you embarrassment of having to switch gears because there’s no room to negotiate.

Only work with dealers that carry top of the line models like Alejandro Tabosky Group so you have a decent amount of options to choose from. 

Make a Down Payment

It’s a good idea to put some money down on the car you plan to lease. This might not make sense if the reason you’re leasing is to avoid too much overhead.

But it’s a good rule of thumb if you really need monthly payments. People with inconsistent income are good candidates for this. 

Lump sums of money allow you the flexibility to put down a large amount at once, but when you’re waiting for your next paycheck, the low payments help you avoid getting overwhelmed. In general, down payments reduce your overall financial liability with both a lease and a purchase. 

Keep in mind that if you choose to skip a down payment there are bigger penalties on late lease payments than on regular payments. Because you don’t own the car and never will, there’s a heftier late fee for falling behind. 

The same goes for breaking your lease early. If there’s any chance you won’t want the vehicle for the full lease term, you’ll pay expensive fees to get rid of the car since it’s considered a breach of contract. 

When to Just Buy a Car

There are times when buying a car just makes more sense. For example, if you have access to the cash to skip financing, get a used car instead of a lease.

The same applies if you’re not that interested in having the latest model. A lease is valuable because it gives you access to cars just outside their reach.

If you’re indifferent to car models, it makes no sense to miss out on the equity you receive from buying a car. Lease payments are slightly less than financing on a loan but at the end of the lease term you have nothing to show for your payments. 

Car Leasing Guide for Success

This car leasing guide is just a start for finding the perfect deal on a vehicle. You’ll need to check local inventory to make sure there are even viable options for you and your family.

Dealerships might have great promotions in place to help you get into a car for far less than you expected. Stay flexible in the features you want so you aren’t limiting your options.

Getting cars shipped from other regions is an option, but it comes at a cost. For more information and tips, visit our blog for updates

You have the dream you wanted in being able to run a business out of your home.

So, you would think you’d feel pretty good about it, right?

But what happens when your home business is having a hard time making a go of it? Are there any remedies you can deploy to get things back on track?

What Changes Must You Make?

When all you have worked for is not panning out, the time to act is now.

Having a home business can be both a blessing and a curse. So, is now the time for you to act?

If so, here are three reasons your home business may not be working out:

  1. Finances are issue – It is not a big surprise that many home businesses end up failing due to money. From not making enough revenue with sales to spending too much on supplies and more, money can be the killer. That said are you in a decent financial position right now with your home business? If the answer is no, any one thing you can do to change this? One of the issues may be that you have debt hanging over your head. If so, do you have any possibilities to lower that debt? This can especially be the case with credit card debt. Too much debt can weigh you down and make it all but impossible to climb out from under. If you are not bringing in enough revenue, it may be because you fail to spread the word (see more below). Try doing more to alert consumers to what your home business has to offer. At the end of the day, you need your finances in the black and not stuck in the red.
  2. Too many distractions – Another reason your business can be suffering is distractions. If you are having trouble getting your work done at home, how can you expect your business to thrive? From family time to noisy neighbors and more, your environment may be distracting. Another distraction is when you are getting too many unwanted calls. Such calls lead you to have trouble concentrating on what is important. If left wondering all too often who called me, there are online resources available to you to help. That is to track down the callers. While some calls may in fact be relevant, many others are likely spam. Do a reverse phone number search and get to the bottom of who is distracting you. If their call is worth returning, do it. If not, make sure they stop bothering you.
  3. Not enough people know you – Last, have you done enough to get the word out about what your business is and can offer? If the answer is no, this is a big reason why you are in the predicament you are in. Take the time to reassess your marketing efforts. They may be one of the main reasons you are having struggles right now. You can’t expect consumers to come and do business with you if few know what you have to offer.

As you look to get your home business back on track, where will your focus turn to?

The New Year is the perfect time for renewed motivation in every aspect of our lives. Whether it’s going running twice a week, stopping smoking or reducing your drinking, January is the month when we are full of good intentions and ready for a new challenge. 

The same applies to our financial lives. Many people start the year with a financial to-do list and goals that they want to achieve. But what are the most popular financial resolutions people are setting this year? Let’s take a look.

  1. Save more

Perhaps unsurprisingly, the most popular financial resolution this year is to save more money. Nearly half (49 percent) of the respondents to a recent Experian study said they wanted to put more money away every month. There are lots of different ways you can do this, from budgeting more effectively to cutting back on unnecessary spending and transferring your existing savings into a high-interest account. 

  1. Improve your credit score

Building a good credit score is one route to affordable and accessible credit. If you’re looking to borrow money, whether it’s a short term loan from a lender like Wonga or a mortgage from the bank, taking steps to improve your credit score will allow you to access the best possible rates. Find out more about the steps you can take to boost your credit score.   

  1. Create a personal budget

31 percent of the respondents to the Experian study said 2020 would be the year when they created a personal budget. Tracking your money and seeing where it goes every month can be a hugely valuable exercise. It can help you reduce your spending in certain areas and assign more of your income to debt repayments and savings.

  1. Pay off a credit card entirely

Are you stuck making the minimum payments on your credit card and unable to clear the balance? This could be the year when all that changes. If you have a credit card debt you’re struggling to clear, a balance transfer credit card, which offers an interest-free period of up to 24 months, could give you the breathing space you need to finally clear that credit card debt. 

  1. Pay your credit card balance in full every month

Have you ever thought about limiting your credit card spending to an amount you can afford to pay off in full every month? Repaying your full balance at the end of the month will help to improve your credit rating and reduce the amount of money you waste in interest payments and fees.

  1. Not open any more credit cards

A positive step that 20 percent of respondents said they wanted to take this year was to not sign up for any more credit cards. The average number of credit card accounts per South African consumer increased from 1.4 to 1.5 over the last year, with an average debt of R16,481. There’s no right number of credit cards, it all depends on how many you can manage responsibly. However, as a very simple rule, the fewer you have, the better!

What are your financial resolutions for the new year? Please share yours with our readers in the comments below.  

In operating your business, are you losing sleep worrying about how to get more money coming in? If you said you are, you join other small business owners with the same dilemma.

That said it is important to think about ways of generating more sales and revenue for your business.

With that being the case, how can you lessen your worries over money being a problem?


Take Stock of Your Company Finances

In your efforts to make sure money does not become an on-going problem, remember a few pointers:


Is it time to get a loan?

In the event you are struggling now with money, have you consider asking for help? If you go that route, you should go online to find out how to get a business loan. With the right loan in your back pocket, your small business can get back on more solid financial footing. When using the Internet to find such a loan, do your homework. You want to learn as much history about each loan provider you consider as possible. This will lessen the odds of ending up with someone not all that well suited to be your loan provider. From the company’s history to a track record of delivering loans, find the provider that can best help you. Make it a point to understand all the language involved with the loan too. The last thing you’d want would be any surprises that could hurt your finances.


Cutting back on debt

As important as a loan can be to get your small business back on its feet, never overlook debt. This begins with any notable credit card debt you have acquired over time. While it may not have seemed like such a big deal when you were using plastic to buy things, those charges add up. As such, you could be looking at large debt now. If you are, work to pay it down as quick as possible. Remember, interest charges can get rather high when you keep adding to your balance. It is also a good idea to look for deals when buying supplies and equipment for your operation. As an example, do you continue to deal with the same vendors for your respective needs or do you shop around? If not doing the latter, it would be wise to give it a try. In doing this, you can oftentimes land some deals along the way. Shopping around also allows you to pit vendors against one another. This is in a competitive manner that can be good for your business.


Benefit spending

If paying for health care, workers comp and more are you getting good prices? As in working with vendors, do your best to get good deals on your company’s insurance needs. This can save you money over the long run. It also frees up some of those funds to put towards other needs within your business.

If money has been a problem with your small business, don’t you think it is time to you got control of the matter?


To help rebuild your credit score and to help you lead a more responsible financial life, nothing will help more than developing good money habits. Learn to budget, live frugally, and set reminders to make sure you don’t miss any payments. With good habits, you’ll find it easy to meet your financial goals and set new ones. With that in mind, here are some tips for improving your credit score.

Credit: Know Where You Stand

If you’re living with debt that’s gotten out of control, then know that you can turn to the Licensed Insolvency Trustees, also known as bankruptcy trustees, at David Sklar to plan your way to financial freedom and improved credit. But before you can start to see improvement in your credit score, you need to know where you stand.

Checking your credit report gives you the opportunity to see which areas of your financial profile need improvement. You can see if you are regularly making late payments, if you have many missed payments, or if your debt utilization is too high. These factors would lower your credit score but the good news is that you’ll be able to see where you’ve gone wrong and position yourself to make improvements.

Credit Report vs Score

Your credit report goes through the details of your financial standing though it doesn’t always come with your credit score. Your credit score is a very important number that you’re probably trying to improve — it’s by going through your credit report where you’ll start to see how to do that.

One major item to look out for on your credit report is whether or not there are any listed fraudulent accounts: these errors can bring down your credit score and can be very troublesome. Inaccuracies on your credit report must be brought to the attention of the creditor as soon as possible so that they can fix the problem and revise the report.

Rebuild Credit

When you’re struggling with too much debt and perhaps even wondering if bankruptcy is the only way out, then you know it’s time to team up with a bankruptcy trustee. A trustee can guide you through the stressful and overwhelming experience of managing debt that has gotten just too hard to handle.

When you’re struggling with debt, you may think that rebuilding your credit is just a faraway fantasy, but with professional help you can be on the track to rebuilding your credit sooner than you think.

You need to build a consistent payment history to build up your credit as a way to prove to creditors that you can responsibly manage debt. A secured credit card is one of the best ways to do this. Secured credit cards are just like any other credit card except you must provide a security deposit as collateral before using the card. The point of a deposit is to assure creditors that you will pay back the money you borrow.

Of course, you should be careful. The point of the card is to make steady payments and stay within your balance and our personal budget — this is certainly not an excuse to find funds to enable you to live beyond your means. You want to develop good habits and grow a healthy relationship with creditors, rebuilding your credit is how to do that.