Paying off this debt is not impossible. (You can read Robert's article here about 6 ways to erase debt.) But the best defense is a good offense, so head off trouble early to avoid bad debt where you can.Learn to live with credit cards...
If you carry a credit card balance, beware. You'll be paying a lot more for those Christmas gifts due to rising interest rates. WBZ-TV Chief Investigative Reporter Cheryl Fiandaca reports.
I tend to struggle with consistency (as I think most people do) so if you can get the consistency part down you will be able to avoid debt and eventually get out of debt. I will be posting soon on the getting out of debt part so please subscribe and I’ll email you (personally) ...
Related: How to Raise Credit Score FAST (14 Easy Tricks) #2: Aggressively Decrease Your Expenses Paying off debt is simple… if you have the money, right? That’s why it’s time to aggressively decrease your expenses! Take a long hard look at your budget, or take the time to create...
If you want to avoid falling into a debt trap, you need to track your expenses closely and get into the habit of analysing the financial decisions you’ve made. There’s nothing wrong with wanting to see where your money is going and why, in fact it’s very healthy to want to do th...
If you’re married and your spouse works for an employer who withholds taxes from their paychecks, you may be able to avoid paying estimated taxes altogether. You can update your spouse’s Form W-4 to withhold the amount for your earnings as well as theirs. ...
Set a budget and have a plan to pay off your debt before you take any on—make sure to set reminders for yourself so that “you can pay off your debt on time and in full,” writes McCreary. Avoid accruing debt with high-interest rates as well—always “check your credit scores and...
So, avoid taking on new debt. However, if you want to borrow money with a lower interest rate to pay for your current debts, you should be careful of dealing with it by using the right strategy. For example, consider using a balance transfer credit card to consolidate your debts into a...
Re-aging debt is good for debt collectors because it gives them greater legal rights to collect a debt. However, re-aging debt is usually bad for borrowers because it puts them back on the hook for paying an old debt that might otherwise be uncollectable due to the statute of limitations...
4. Make Adjustments to Debt If your credit rating allows for it, try to get a larger, lower-interest loan and consolidate your debts into this loan. This can speed up the process of paying off your debt by minimizing the interest. You may consider a balance transfer offer of 0% inte...