Category Archives: Debt Management | How To Reduce Debt

Pay Off Debt Tip: Smart Money Moves That Hurt Your Credit

Common sense would tell you that if you are trying to fix your credit score, you should cancel your credit cards, right? Unfortunately, wrong. This hurts your credit score, and in more than one way. Credit scoring companies examine your … Continue reading

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Pay Off Debt Versus Putting Money In Savings

In times past, when the economy was good, the conventional advice was to make paying down credit card debt and other high interest debt as fast as possible. That advice has changed somewhat these days. The unemployment rate is the … Continue reading

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Do You Know What Your Debt Triggers Are?

To get out of debt, you need to figure out what got you into debt in the first place. Even if you are in debt because of a medical issue, a layoff, or other unavoidable life catastrophes, there is almost … Continue reading

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Sneaky Credit Card Company Tricks

The credit card companies are getting sneakier than ever in their attempts to squeeze every last dollar out of consumers – but you don’t have to fall for it. You do need to remain vigilant these days to catch credit … Continue reading

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Why Easy Credit Is Not Your Friend

Once upon a time anyone with a pulse could get a credit card. ANYBODY. Or anything. There were news stories about credit companies mailing credit cards to people’s dogs, and to infants, and to deceased people. As homes soared in … Continue reading

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Let The Millionaires Lead You Out Of Debt

A while ago, the book “The Millionaire Next Door” was on the top of all the bestseller lists. But if you’re deeply in debt, what can you learn from a millionaire? Plenty. Most people who became millionaires have sensible financial … Continue reading

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How To Plan Your Way Out of Debt

Trying to get out of debt without a well thought out plan is like trying to find your way through a city that you’ve never been in before without a map. There are certain steps that everyone must take if … Continue reading

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Pay Off Debt Tip: The Debts That Live Forever

Some debts can be erased by bankruptcy, or by negotiating a settlement if you truly are unable to pay the debts off. Other debts do not go away no matter what. If you owe money on state or federal taxes … Continue reading

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Why The Recession Helps Your Budget

A couple of years ago, if you didn’t own a McMansion, a few investment properties, and a bunch of expensive toys financed by home equity loans, you were considered foolish. Everyone was keeping up with the Joneses – using borrowed … Continue reading

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Debt Management Tip: Are Credit Counseling Agencies Helpful or Harmful?

These days credit counseling agencies are popping up everywhere offering relief to those who are deeply in debt – or are they? The answer is, unfortunately – it depends. There is a myth that visiting a credit counseling agency is … Continue reading

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