Debt Reduction and Management

This section primarily focuses on debt management and getting out of debt. It also has subsections that cover related areas of borrowing and lending money, credit cards, and your credit (e.g., credit score and credit history).

What To Do When You Can’t Pay Your Student Loan Debt

What To Do When You Can’t Pay Your Student Loan Debt

Student loans are becoming a problem for more college graduates — or more particularly the ability to pay them. Higher college tuition and fees has led to larger student loan debts with commensurately higher monthly payments. […]

Is It Smart to Use Cash Out Refinancing to Pay Off Debt?

Is It Smart to Use Cash Out Refinancing to Pay Off Debt?

Home mortgage and refinancing rates just keep getting lower and lower. You thought 4.5% on a 30 year fixed rate mortgage was low? They’re even lower now. Think about this: you can now get a 15 […]

How to Consolidate Student Loans

How to Consolidate Student Loans

Student loan debt is one of the most crushing debts for new graduates, especially in an economy where simply finding a job amidst high unemployment is difficult. Consolidating your student loans can save money on interest […]

Can’t Pay Your Debts? 5 Ways to Hide from Your Creditors

Can’t Pay Your Debts? 5 Ways to Hide from Your Creditors

Few people, when swiping their credit cards, or getting a car loan, do so with the intention of defaulting on their debt. In many cases, they are sure they can afford the debt, and that they […]

What is Student Loan Deferment and Loan Forbearance?

What is Student Loan Deferment and Loan Forbearance?

For many Americans, student loans are a way of life. Their parents had them and graduated with debt, and the unfortunate tradition has been passed down to the next generation. During the boom years of the […]

Starting Over by Declaring Personal Bankruptcy

Starting Over by Declaring Personal Bankruptcy

The recent recession hit many people hard. But it’s not only recession related issues, such as job loss, that can cause financial problems. A big medical emergency or accident can deplete your finances — even when […]

How to Deal with Debt Collectors and Stop Harassing Calls

How to Deal with Debt Collectors and Stop Harassing Calls

Owing a debt that you are behind on can be a humiliating and frustrating experience. When your unpaid bill is well beyond being past due, it is written off and sold to a debt collection agency. […]

How to Effectively Deal with Student Loans After Graduation

How to Effectively Deal with Student Loans After Graduation

If you are like many Americans who needed help financing their higher education pursuits, you are facing a student loan note each month fairly soon after the pomp and circumstance has ended. About two-thirds of college […]

The Pros and Cons of an Early Student Loan Payoff

The Pros and Cons of an Early Student Loan Payoff

If you went to college sometime in the past several years there is a good chance you are still carrying student loan debt. While student loans can help you pay for college, they can also feel […]

Is Using a Debt Snowball a Good Idea?

Is Using a Debt Snowball a Good Idea?

There are many personal finance experts, including money guru Dave Ramsey, who promote the efficiency and effectiveness of the debt snowball solution. While it’s true that this method can work for some it is certainly not […]

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