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How to Pay Off Credit Card Debt in 7 Steps

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

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

How to Choose the Best Credit Monitoring Service

The financial world today is fraught with pitfalls. One of the biggest issues is your credit score. Lenders — and others — check your credit score regularly to see what sort of default risk you present. Your credit score is largely based on the information that is reported to the major credit bureaus, so it … Read more How to Choose the Best Credit Monitoring Service

5 Reasons to Get Unsecured Business Loan from Lending Club

With the current credit crunch, raising capital to start or expand a small business can be a real challenge. The bitter irony is that while interest rates are at historic lows, access to funding sources has all but dried up. As a result, many small companies have turned to business credit cards. While credit cards … Read more 5 Reasons to Get Unsecured Business Loan from Lending Club

Advantages and Disadvantages of Prepaid Debit Cards

Prepaid debit cards are becoming increasingly popular financial products. With a prepaid card, you load money onto an account associated with a card. The card works like a credit card in that you swipe at a terminal to make payment. However, unlike a credit card, you are using your own money when you use a … Read more Advantages and Disadvantages of Prepaid Debit Cards

Should You Pay Off Debt or Save for Retirement?

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?

Cross Collateralization: The Credit Union’s Dirty Little Secret

Imagine this scenario: You are ready to sell your car, that you now own free and clear, only to be told by your lender that you can’t until you pay off another unsecured loan you have with the same lender. In essence, you are being told that you are not through paying on your car, … Read more Cross Collateralization: The Credit Union’s Dirty Little Secret

5 Ways to Increase Your Credit Score Quickly

As you prepare to take out a new loan or mortgage, you will be thinking about your credit score. The higher your credit score is, the better your interest rate on the loan will be. This is important as a lower interest rate means saving yourself a significant amount of money over the life of … Read more 5 Ways to Increase Your Credit Score Quickly