Posts By: Owlbert {Einstein}

Many educators and businesses use the SMART goals concept, which was created by Paul J. Meyer and spelled out in his book Attitude is Everything. We think the SMART goals system can be a good tool for debt counseling; any financial goal we recommend should be SMART. SMART stands for Specific, Measurable, Attainable, Realistic, and…

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One tactic that many consumers use to ensure that their credit reports are accurate and up-to-date is to add a 100-word statement to the report. We routinely recommend this action as part of our debt counseling advice. Some critics warn against the 100-word statement. They think consumers who write a statement are handing collectors the…

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Earlier this year, the Department of Education and the Treasury Department released the results of their third annual financial literacy challenge, a test administered to high school students throughout the country. The average score this year was 69%, a sign that today’s students are ill prepared for the financial responsibilities that they’ll face as young…

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No-interest credit card offers are increasingly common these days, and while they may seem incredibly attractive, here are a few things to consider before rushing into one of these deals. While you may get 0% interest for a few months, maybe even a year, do you have to pay any fees during this period? Read…

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The best debt help we can offer is to teach consumers to manage their credit effectively. One key to this end is to review every statement you get. Too often, we pay the bill and file it away without taking a few extra minutes to review it fully. Credit card companies do occasionally make errors,…

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People seeking credit counseling advice are often curious about cancelling credit cards. We’ve written frequently about how closing accounts isn’t necessarily good for your credit score, but once an account is closed it can’t be used to accumulate more debt, making credit counseling that much easier to achieve. Whether cancelling credit cards is or isn’t…

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Under the Fair Debt Collection Practices Act, debt collectors are required to identify themselves in any communication with a debtor. This rule prevents collection agents from tricking consumers into returning calls or other communications without knowing the nature of the communication. There are also privacy protections built into the FDCPA that prohibit collectors from disclosing…

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