Taming Those High Interest Debts

A resolution that every American should tackle in 2013 is to get out of debt. Predictions for the coming year run the gamut. Some financial analysts are expecting a stagnant or slow economy due to mediocre job growth, while others are more positive in their outlook for 2013. But without a crystal ball showing the future, there’s just no way to be certain. One thing is for sure, no matter how you view the future or where you stand on why our nation is struggling with so many economic problems, yo...
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7 Surprising Reasons You Haven’t Paid Off Your Student Loans Yet

There's been a surprising trend in consumer debt over the past few years. For the first time ever, student loans have surpassed credit cards as the largest source of debt among American households. Total student loan debt has surpassed the $1 trillion mark, and the average person who took out a loan for higher education has $25,000 left on his or her tab. And the number of people defaulting on student loans has risen, forcing many of them to endure nasty phone calls from collection agencies on t...
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10 Tips to Recovering from Bankruptcy

So you have run into difficult financial straits and had to file for bankruptcy. That meant completing paperwork, filing documents with a court and/or municipal agency, and having a black mark on your record for a decade. You may have even had your home foreclosed on by the bank and/or some of your assets seized by creditors. This entire process can leave you feeling stressed, dejected, and helpless. But now, you're finally done with all that. Since the worst is over, you can start focusing y...
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How to Get Out of Debt Without Falling Behind on Your Bills

As many Americans battle just to pay their monthly bills, the fear and reality of falling into debt becomes overwhelming for many. One of the biggest challenges many individuals come across is a means to get out of debt without falling too far behind on their present financial responsibilities. First and foremost, those in a financial bind need to come to the realization that there is work to be done, they can get out of their financial hole, and there are ways to prevent this going forwar...
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Debtors Anonymous: A Change For Life

When people think of addiction, they think of drugs or alcohol, some substance that alters the way a person acts or thinks. Addiction, however, has many faces. Ultimately an addiction is a dependency on one particular habit which is in some way harmful. People that incur huge amount of debt, or debtors, are also victims of addiction and just like alcoholics or drug addicts require serious help. Debtors anonymous provides that kind of help. The organization is loosely organized and does not fo...
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What to Do about Persistent Collection Agencies

Don’t you hate when you get that call from collection agencies? You know the one – where they contact you and they pretend to be a friend and ask, “is Mary in?” Then, once they have you on the phone, if they’re honest, they say, “this call is an attempt to collect a debt. Any information obtained during this call will be used for that purpose.” If you are behind in paying your bills, no matter who you owe money to, you’re likely to get phone calls like that. However, just because you get suc...
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Learn How You Can Avoid a Credit Card Debt Lawsuit

Sure, it might be difficult to think rationally when you’re deep in credit card debt, but that’s exactly what you must do if you’re going to avoid a lawsuit. While you may think that a debt collector’s threat to sue is merely talk, a ploy to get you to pay, it isn’t. In fact, the courts are one of the most common avenues debt collectors take to recoup significant amounts of money owed to them. So, despite the confusion and stress that comes with late notices and debt collectors showing up at ...
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FTC Protects Consumers With New Debt Settlement Rules

Debt settlement is an effective debt relief solution for people drowning in unsecured debt. With debt settlement, you need to pay back only a part of what you owe to the creditors. Around 50% of the original debt amount is forgiven in this debt reduction process. However, there are too many scam companies in the debt settlement industry. These companies tempt the debtors with slogans like “be debt free in three months”. In reality, the fraud debt settlement companies push people further in debt....
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The Real Cost of Borrowing Money

Borrowing money is convenient, because it means we can buy what we want, when we want it, without having to wait to save up the full amount. However, whenever you borrow to buy a house, a car or even a television, you need to think about the true cost of that item, and that goes well beyond the sticker price. The Real Cost of Borrowing Money to Buy a House The average house price in the US in 2011 is $272,200 and the median price is $222,600 so let’s say you are buying a house worth $250,...
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Tips for Paying Off Outstanding Medical Bills

When there's an illness or unexpected injury to a loved one, the last thing you want to think about is money. Once the illness or injury is diagnosed and treated, the cost will undoubtedly need to be addressed. Carrying enough insurance will substantially alleviate your problem, but if the situation is long term, you don't have insurance, or your deductible is high, those bills could quickly pile up. When that happens, you may need some tips on how to go about paying those outstanding medical bi...
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