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Determining When To Borrow Money And When Not to

It can be very tempting to borrow money whenever you come across something that you really like. Of course, you have to be careful to make sure that you're only borrowing money when it is really needed. After all, you have to pay the lender back more money than you borrowed so you will want to make sure that the purchase was necessary. More points to consider would be how to cut back on the... [Continue Reading]

Selling your Home to offset Mortgage Debt

If you are in debt, it is likely that you know what the threats of repossession and bankruptcy mean to your peace of mind the future of your family. Thus, if you are unable to pay your mortgage debt, then you may want to think of selling your property for a quick cash sale. You can then use the proceeds to clear your mortgage and use the left over to offset other debts. Therefore, do not be... [Continue Reading]

Options For Reducing Debt

Have you found yourself in debt? Do you suddenly have more medical bills than you can handle or have you become the sole supporter of your family? Whatever the case may be, with sound planning, you can overcome, and exceed, any of these obstacles. Follow these recommendations from the professionals for overcoming debt and jump starting your earnings power. The first step to take is to assess... [Continue Reading]

Buying Jewelry When You Are in Debt

Take some time to consider your financial situation. Are you in debt? Do you wish you could improve your financial situation? It may be that you said yes to both. If so, you might think that the answer to the next question must be a no. Can you afford to buy a piece of fine jewelry? If you think that you can not afford to buy a piece of fine jewelry simply because you are currently in debt,... [Continue Reading]

What You Need to Know About Debt Consolidation

Debt consolidation is often a last resort for people who are in extreme debt and trying to avoid bankruptcy. Many people who are not in danger of bankruptcy, but have debt on high interest credit cards may also choose to consolidate their debt. Debt consolidation is defined as the process of organizing loans and debts into one low-interest loan that can be paid off regularly. Consolidating... [Continue Reading]

Debt Consolidation Primer – Four Things You Can Do to Get Out of Debt

Problem debt is rampant throughout America. In addition to mortgages and auto loans, the average household in the U.S. has nearly $10,000 in credit card debt. As the major credit card companies have recently doubled their minimum payment requirements, now is a good time to outline the various options available to most consumers who have more debt than they can handle. Stop spending money on... [Continue Reading]

All About Debt Consolidation Loans

Debt consolidation loans can be the answer to a number of financial problems, but before you take the plunge, make sure you're well informed. What is a debt consolidation loan? Debt consolidation is when you arrange a single loan to cover a number of existing debts. Rather than juggling several expensive payments, such as credit card or hire purchase bills, a debt consolidation loan means a... [Continue Reading]

Debt Consolidation Makes Sense Only with Low Interest Rates

Credit that cannot be managed or is not being repaid requires debt consolidation. Debt consolidation offers borrowers with a chance to repay their high interest loans at low interest rate. You must be thinking, ‘it sounds good, but how is it possible.’ How can high interest loans repaid at low interest. This is how debt consolidation works – it replaces multiple unsecured loans with... [Continue Reading]

Credit Counseling – Congress Offers No Details in New Law

The recently passed Bankruptcy Abuse and Consumer Protection Act was hailed as a breakthrough in bankruptcy law. Passed with bipartisan support in Congress and signed enthusiastically by President Bush, the law creates sweeping changes in debt law and will make it much more difficult for debtors to have their obligations swept away by the courts. A major requirement of the new law will require... [Continue Reading]

Debt Stacking - Fast Track Out of Debt

You go to the mail box and scan - a couple fliers (nah), your magazine subscription (yes!) and bills (groan). Every month the bills show up and as you sigh and take out your check book you wonder if you will ever be free. Each month you pay the minimums and although you KNOW you've got a handle on it - you are not charging your credit card or accumulating new debts anymore - it seems that you... [Continue Reading]