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National Financial Awareness Day: Why Financial Literacy is Beneficial For Everyone

True Accord

Whether it’s taking out a loan, buying a house, saving for retirement or purchasing goods on a credit card,, people are constantly being asked to make decisions that affect their personal finances. Debt levels are on the rise again: according to the?

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The Best Debt Consolidation Loans

Better Credit Blog

Even just one outstanding debt is a headache that can drag down your credit rating and make it tough to get a loan for a home or a car. Having several outstanding loans is even worse, as it can be difficult to keep track of payments and due dates, which makes it easier to miss a payment and thus damage your score even further.

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The Best Debt Consolidation Loans

Better Credit Blog

Even just one outstanding debt is a headache that can drag down your credit rating and make it tough to get a loan for a home or a car. Having several outstanding loans is even worse, as it can be difficult to keep track of payments and due dates, which makes it easier to miss a payment and thus damage your score even further.

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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

Whether or not you file for bankruptcy also depends on the kind of debt you have. Bankruptcy will wipe out credit card debt, medical bills, and personal loans, but will not eliminate primary obligation debt; things like student loans, child and spousal support, and newer tax debt.

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Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

If you do not qualify for a Chapter 7 bankruptcy to liquidate your debts, you may be required to pay back a significant portion of your debts under a Chapter 13 Bankruptcy, and still suffer the negative impact to your credit score. Filers can typically retain the home and vehicle as long as you make payments on the loan.

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How Do Credit Repair Companies Work?

Credit Corp

They may also assist in disputing inaccuracies on your report with credit bureaus and provide educational resources to help you manage your finances responsibly. Your credit score doesn’t say anything about your worth, but it can affect your ability to qualify for loans, credit cards, and lines of credit.

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Consumers Getting Shut Out of HELOC’s as an Option to Raise Cash During the Coronavirus Pandemic

Titan Consulting

Lower interest rates mean saving on variable rate loans like credit card balances and HELOCS. In light of the pandemic, Banks are raising lending requirements, and in some cases, pausing applications for HELOCS and other credit lines. PRO: HELOCs are much more cost-effective loans than credit cards in comparison.