Being in debt to the state or federal government is not a place anyone wants to be. If you are in debt to the IRS, it is absolutely imperative that you pay them as soon as you possibly can before you face repercussions, such as a bank levy. This article is going to help you do just that.
Read MoreLet’s talk about credit card debt and what it might mean for you and yours. We care about the big picture, but we live in a small one. What does credit card debt mean for you right now? In six months? In a few years?
Take a deep breath and stay with me for a moment. Yes, you probably need to be taking your credit card debt more seriously. But no, it’s not hopeless. And, as it turns out, we know a thing or two about credit card debt relief. What a coincidence.
Read MoreDebt consolidation helps roll multiple debts into one single payment and helps you fulfill your goal of debt free living. It can be a good choice if your debt isn’t excessive and you also have good credit. Learning some more debt consolidation tips can help you decide if the process will be worth it for your debt.
Read MoreWhat the heck is a zombie debt? I’m so glad you asked because I truly love the word zombie and you just gave me another reason to use it. Zombie debt occurs when debt collectors bring a debt back from the dead. A dead debt refers to an old debt that you no longer have legal responsibility for because the statute of limitations ran out on it. It did not just fall of your credit report. You legally no longer owe the money.
Read MoreWith debt settlement, this means that a creditor has agreed to accept less than the amount you owe as full payment. It also means that a collector can’t continue to hound you for the money you owe and you don’t have to worry that you could get sued over your debt.
It may sound like a good deal but settlement can also be a risky option. It can destroy your credit and it can be costly. Reaching a settlement can also take a long time to accomplish and even if you are successful, it can take years and you may still owe taxes on any forgiven debt.
Read MorePaying off your consumer debt can be one of the best ways you can improve your financial situation. Once you have paid off your debt, you also are finished paying interest to your creditors and have debt free living. The money that you were paying in interest can then be used for other items. Paying off debt can also help your credit score, which makes it easier to borrow in the future for purchases that can improve your net worth, such as buying a home. While paying off debt isn’t easy, it can be harder if you make some mistakes during the process.
Read MoreOver the past few years, there has been consistent growth in several areas of debt as more people turn to debt financing in order to meet their financial needs.
While an increase in home and student loans can be a good thing, it is the statistic on the number of people who are unable to meet their debt obligations that is worrying. This is an indication that consumers need to adopt healthy financial habits and learn effective ways of managing debt.
Read MoreHave you ever found yourself in a situation where you need to take care of an emergency, but don’t know where to start? Are you living beyond your means? If yes, then holding a credit card debt seems like a viable option. Of course, it will sort out your problems at once. But, if you fail to honor the repayments, you will need face the consequences of your actions. Therefore, understanding the genesis of your credit card debt is paramount.
Read MoreIf you are like most people today, you feel the burden of debt pushing down on you. It seems almost impossible to live without any type of debt today. The cost of everything is so high, it is almost impossible to afford cars and houses without going into debt for them. Because of this, some debt is necessary. That also means that not all debt is bad.
Read MoreWhen you consolidate debt, you are rolling all of your debt into one payment. You take out your debt, add it together for your total, make settlements to shave off some of the total cost, and finally roll them all into one bill. And almost always, you are decreasing the amount you are paying each month while getting interest off of your back.
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