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4 Ways to Get Out of Debt, Which Is Right for You?

Half of all U.S. households carry credit card debt from month to month. At least 37 million Americans have student loan debt. A single significant event – like a layoff or a medical emergency – can bring a person to the brink of bankruptcy or beyond. Countless others simply get into debt over their heads… Read More

Engaged to Someone with Bad Credit? What to Know Before Tying the Knot

When you’re madly in love and preparing to walk down the aisle, asking the other person about his or her credit history may be the furthest thing from your mind. Love conquers all, right?

When Debt Collectors Break the Rules

Drowning in debt is bad enough, but getting harassed by debt collectors makes it even worse. “A lot of people believe that a debt collector has every right to treat them like crap and they have to suffer in silence because they owe money,” says consumer rights lawyer Gary Nitzkin. “They don’t have to suffer abuse.”

The Psychology of Paying Off Debt

The psychology of small wins means that focusing on eliminating smaller debt — a move much easier to see in the balance — offers a more attractive psychological benefit, even though using the same amount of money on a higher interest debt provides a much larger benefit over the long term.

Debt Snowball vs. Debt Avalanche: What Is the Best Plan to Pay Off Your Credit Cards?

If you’re drowning in credit card bills, you’ve surely wondered how to save yourself. There are many experts claiming that their way is best, but all the different strategies can be overwhelming. Here, we’ve explained two of the most popular plans of attack.

Good Debt or Bad Debt – Which Do You Own?

That’s right, we said it – there is such a thing as Good Debt. If managed wisely, debt doesn’t always have to be a negative thing. Simply stated debt can be good when it produces a positive return or cash flow and bad when it does not. The following guide will help you differentiate the… Read More

The Real Cost of Your Debt

The debt you carry is not simply made up of your monthly payments and interest rates. Many other factors should be considered when you think about the real cost of your debt, including your cash flow, the terms of your loan and your borrowing behavior. Do you know what it really costs when you finance… Read More

Debt Consolidation Pros & Cons

Late-night radio and TV commercials are constantly singing the praises of debt consolidation. At first glance, it’s a debtor’s dream come true: instead of making half a dozen payments to half a dozen creditors, you just roll them all up into one new payment. Best of all is the debt consolidators promise: that new monthly… Read More

Credit Card Debt: The Quickest Ways to Get Rid of It

Eliminating your debt is an ambitious goal that requires planning and sacrifice in order to achieve. Though it isn’t always easy, living debt free can take a lot of stress off of your shoulders and free up money for financial goals you may not be able to reach right now. So what are some strategies… Read More

How Much Debt Is Manageable For You?

Going into debt requires planning to ensure that you borrow a comfortable amount. People often talk about the kinds of items that make sense to go into debt for, but perhaps more important is determining how much debt you can reasonably incur. If you are thinking about how much debt is appropriate for you, consider… Read More