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

Protect Your Assets 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 monthly payments, and that they will be able to pay the debt off eventually. Unfortunately, debt tends to build up and can sneak … Read more Can’t Pay Your Debts? 5 Ways to Hide from Your Creditors

Start an Emergency Fund or Pay Off Debt?

Not long ago, I participated in a forum discussion: Debt Snowball vs. Emergency Fund. The premise is very simple. Should the person start an emergency fund while he’s still in debt? In this case, we are talking specifically about credit card debt averaging 15% in interest. In this article, we will follow this sample scenario: … Read more Start an Emergency Fund or Pay Off Debt?

How to Pay Off Credit Card Debt in 7 Steps

How to Pay Off Credit Card Debt in 7 Steps 14

Being in debt is not fun. Unfortunately, many people do find themselves in debt, carrying a balance on multiple credit cards and loans. Even if you have a debt problem that seems insurmountable, you can eliminate credit card debt on your own without using a debt consolidation service. While I think the debt consolidation company … Read more How to Pay Off Credit Card Debt in 7 Steps

Dave Ramsey’s Debt Snowball and Other Methods

Dave Ramsey's Debt Snowball and Other Methods 18

Debt Snowball is a debt elimination strategy popularized by Dave Ramsey, a renowned debt and personal finance guru. Under this method, you reduce your debt by paying the minimum monthly payment to all accounts, except the one with the smallest balance, which you’ll try to pay down as fast as you can.   How the … Read more Dave Ramsey’s Debt Snowball and Other Methods

Should You Pay Off Debt or Save for Retirement?

Should You Pay Off Debt or Save for Retirement? 30

We can all see the benefits of having a large retirement portfolio. If it’s big enough, it can provide you with a standard of living comparable to — or even higher than — the one that you have when you’re working. But let’s face it, not everyone will have a retirement portfolio that will be … Read more Should You Pay Off Debt or Save for Retirement?