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Debt Reduction Tips

Debt Consolidation, credit counseling, bankruptcy...

Succeed Financially By Focusing on Your Personal Power

Posted In:  debt reduction

It seems like every time you open the newspaper turn on the television or just poke your head out the house window, something else terrible has happened in the world. Banks collapsing, economies failing, currency values dropping, and this is just in the financial sector, let alone everything else taking place in the world. This makes it incredibly difficult to keep your head up, because after all, if these large, powerful industries and countries are able to collapse in what seems to be a whim, than what chance do you stand to overcome such adversity in your own life?Read the rest...

How to Graduate College Debt-Free

Posted In:  debt reduction  mortgage

Recent statistics reveal that the average student loan debt for Americans under age 30 in 2012 is almost $21,000. The nation’s student loan debt keeps rising without college students understanding the risks involved. While student loans seem like easy money to a young college freshman, there are some critical points to consider. Most students expect to have a job offer upon graduation, but what if there is no job available? This is a grim reality for many recent college graduates in today’s economy.Read the rest...

Should You Pay Down Your Mortgage Debt? Do the Math First.

Posted In:  debt reduction  mortgage

Does the idea of being mortgage-free make you giddy with happiness? Yes, not having to pay a monthly mortgage would make many people feel incredibly free and stress-free. It can be possible to pay off a mortgage early; many people do it every year. However, paying off the mortgage early is not always the best idea in every situation.Read the rest...

Get Out of Debt with a Zero Dollar Budget

Posted In:  debt reduction

A shaky economy and stagnant wages means that more consumers are focusing on paying off their existing debts and beefing up savings accounts. If this is your goal, then switching to a zero dollar budget can make those objectives easier to reach. Read the rest...

Why Debt Is Dangerous, Even if You've Never Missed a Payment

Posted In:  debt reduction  credit cards

Most people know that missing payments can be detrimental to their financial health and credit score. What they may not realize is that debt of all kinds carries a heavy price, even if that debt is within their means to pay. If you've never considered switching to a cash-only lifestyle before, here are a few reasons why you might want to consider it:Read the rest...

4 Warning Signs of Uncontrolled Debt

Posted In:  debt reduction  credit cards  banking

Cutting up credit cards

Most Americans carry debt. But how do you know when your debt has crossed the line from manageable to taking over your life? Out-of-control debt leads to stress and is the cause of many failed marriages. Take a look at these signs to determine whether your debt is out of control and, if so, what you can do about it.

 

1. You Pay the Minimum on Credit Card Balances.Read the rest...

A Simple Guide to Filing Bankruptcy Without a Lawyer

Posted In:  debt reduction

When you file for individual bankruptcy, the lawyer's role is to make sure you follow the proper procedures and fill out the paperwork correctly. It is possible to file your own bankruptcy claim without paying for an expensive lawyer as long as you take the time to research the rules and requirements before you approach the court.

 

File ProperlyRead the rest...

4 Ways To Help Your Budget

Posted In:  debt reduction  banking

As tough as the economy is these days we all are looking for ways to save money. Something that will help us all get to the end of the month a little bit more intact. When we are not looking to save a little money we are looking to make a couple of dollars wherever we can. I have rediscovered a few ways that might help everyone get over that financial hump a touch easier. The great thing is that most of my suggestions are also environmentally friendly.Read the rest...

4 Steps to Successful Money-Saving Habits

Posted In:  debt reduction

The secret to saving money is by creating a successful, good habit. The grand things in life are often just out of reach because of price. The only way you will obtain the items you want, vacations you desire and the financial freedom you deserve is through short-term sacrifice of saving money to gain the long-term benefits of reaching your financial goals. This article will share the four essential steps of building a great habit of saving money successfully.Read the rest...

Not all Debts Are Bad

Posted In:  debt reduction  credit cards

One of the main problems with today's economy is that most Americans are in over their heads with debt. Credit card interest rates alone make up a huge chunk of the debt many consumers deal with from month to month. Many people are making car payments that last longer than the car they bought with the loan. With all that red ink, does the old idea of "good debt" still make sense?Read the rest...