Posts Categorized: Credit and Debt

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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Simply put, getting a mortgage with bad or even no credit is a challenge, but it doesn’t have to be. With the right help, you can take control of your financial health by improving your credit and getting the best mortgage rates you. What do Mortgage Lenders Look For? When you apply for a mortgage,…

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Many news stories about debt revolve around the millennial generation. Debt troubles aren’t restricted to one generation, though, and as Baby Boomers enter retirement age, many of them worry how they’ll finance their “golden years.” If you’re hoping to retire debt-free, make a plan to tackle these common sources of Baby Boomer debt. Control Credit…

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Marrying Into Debt

Wedding vows often involve some version of a promise to support each other “for richer or for poorer.” If you’re newly engaged, you’re probably bubbling over with emotions about intertwining your life with another person’s. But what if your future spouse’s debt adds nervousness to the excitement? I can relate. In my case, I was…

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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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