When you have a lot of debt that has become too much to handle, there are several options you have to deal with it. You can cut back on spending considerably to pay off the debt as fast as possible, get a consolidation loan, settle the debt or file bankruptcy. Bankruptcy is most often a last resort. […]
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Credit Cards Hundreds of credit cards are available to you as a means to borrow money. Each credit card has varying qualification criteria, interest rates, and yearly fees. The average interest rate for a credit card is 16.97%, which is pretty hefty. Additionally, some credit cards charge a yearly fee of $19 to $150. Cash-back
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The subject of loans and credit can be a bit overwhelming if you haven’t spent any time researching and understanding them. There are endless different types of loans on the market… for example, unsecured loans, secured loans, credit cards, overdrafts, payday loans, personal loans, etc. So it’s important that you understand your credit situation in
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The Debt Trap Debt is a four letter word that everybody should be afraid of. Whether it is the result of bad spending habits or unexpected circumstances like medical bills or job loss, debt can prove strenuous for you. Especially, in the current financial climate, it’s not unusual for people to get trapped in the
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There is more to your credit score than steady payments. Lenders look at things like how many accounts you have, how much credit you are using and how much you have available. Managing the credit score can be tricky, but it is possible with smart borrowing. Maxed-Out Cards are a Red Flag There are certain
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If you’re in college or have recently entered the working world, you know first-hand that your credit score has suddenly become more important than you ever thought it would be. Go to buy a phone, and they will run your credit. Try to rent a nice apartment, and you better have zero flaws on your
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