Posts By: Melinda Opperman

Debt Collectors Keep Calling Me! No one likes getting calls from debt collectors. Owing money to a group of strangers who have all of your personal information can be frightening and stressful. But why do debt collectors call? You typically only receive collection calls when you owe a debt. Collection agencies buy past-due debts from…

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Despite your best efforts, you might face obstacles that prevent you from fulfilling financial obligations and other promises. Suffering from an injury, losing a key source of income, or making an emergency payment can throw a wrench in your carefully thought-out budget. If struggling to resolve outstanding debts, consider writing a hardship letter. These letters…

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Creating your own get-out-of-debt plan truly is possible. With some fundamental changes to your lifestyle, you can get out of debt fast even with a low income. However, turning around your financial situation doesn’t happen without some work. It requires commitment, planning, and strong self-discipline. But luckily, it gets easier over time as you build…

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Last updated: 11/22/2017 One law that changed credit card statements was the Credit CARD (Credit Card Accountability, Responsibility and Disclosure) Act of 2009, which required a clear disclosure on the statement about minimum payments. This mandated disclosure must inform the borrower how long it will take to pay off a credit card balance if s/he…

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Credit.org is approved by the U.S. Department of Housing and Urban Development (HUD) as a comprehensive housing counseling agency. We help home buyers prepare to become better educated and informed homeowners. For most people, understanding the process and requirements of obtaining a mortgage loan as well as which type of lender to use and what…

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It’s tough to sort out the myths from the reality when it comes to homeownership. In a given search online, you can find opposing viewpoints making directly contradictory arguments. We’re going to try to shed some light on the confusion and help separate the facts from the falsehoods: Myth 1: You’re better off buying/Better off…

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