Debt

Getting out of debt is possibly one of the most difficult tasks you can face in life. One slip up, and it’s bankruptcy for you. Follow these rules, and you’ll be on your way to getting out of debt.
Follow these 9 Rules, and you’ll be on the right track to being debt free…

1. Know Where [...]

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Kinda like busting a cap….but not.
I’m participating in the Lending Club Debt Buster challenge. They are giving away goodie bags to anyone who commits to paying off or down their debt with a consolidation loan from Lending Club. There will also be blog posts from various debt bloggers through Jan. 15th (I’ve got one coming [...]

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When I was really, really in debt, I signed up for consumer credit counseling and tried the whole consolidate your debt thing.
It was a nightmare.
The thought that you can let someone just magically take over your debt accounts and get out of debt that way dismisses the most important process of getting out of debt:
changing [...]

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I received in the mail this week another notice from my credit card hiking my rate, for no apparent reason. It’s now up to 29.99% from 9.99% when I opened it just over a year ago. Luckily, this rate hike does not affect because I never use this card for purchases. This is the card [...]

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Last week my girlfriend and I were watching, “Real Estate Intervention” on HGTV. It’s a heartbreaking show at times. It shows real families that for one reason or another (job loss, relocation) have to sell their home, often a price much lower than what they were anticipating.
Last week we watched the first episode where Mike, [...]

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It would seem that everyone is aware of the dangers of living with too much debt. After the events of the last two years, anyone who does not yet know that having a high level of debt will have a negative impact on your financial security in the present and years to come should [...]

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I mentioned last week how Murphy has visited our house. Car problems, house problems and other emergency expenses zapped our emergency fund. Now instead of making massive debt repayments, we’re concentrating on trying to revive our pathetic emergency savings account.
I hate doing that.
That said, I do have something to celebrate. We took care of the [...]

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OK, you’ve decided to get out of debt, but what’s the best way to pay it off? Snowballs, highest interest first, etc—there’s all kinds of theories, but the one we can all agree on is that faster is better when it comes to getting out of debt. It really isn’t much fun!
It helps to have [...]

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