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State AGs Make Argument To Congress for Broad Student Loan Debt Consolidation

Account Recovery

A group of 17 state Attorneys General have written a letter to Congress endorsing a plan that would cancel $50,000 of student loan debt for all federal student loan borrowers.

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Pros and Cons of Debt Consolidation Loans

Better Credit Blog

Having one debt to pay off is stressful enough as it is. But it’s a much bigger headache if you owe debts to multiple places, as your odds of forgetting a payment will increase, and the varying interest rates between the different debts can end up taking a bite out of your wallet.

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What is Debt Consolidation and How Does it Work?

Better Credit Blog

Debt consolidation is when you bundle several debts together into one larger sum and then make a single monthly repayment instead of multiple smaller ones. Consolidating debts with different interest rates and repayment schedules can make it easier to manage your finances.

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Pros and Cons of Income-Driven Student Loan Repayment Plans

Credit Corp

Student loans are by far some of the biggest issues most students are facing today when it comes to finances. Luckily, students have the option of taking out income-driven student loans though these can also have their downsides.

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How Can I Stop Student Loans from Taking My Taxes?

Credit Corp

Going through student loan repayments can be a hassle. However, due to the COVID-19 pandemic, student loan payments and collection attempts have been paused until September 30, 2021. So, how can you stop student loans from taking your refund?

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Congress Passes Relief for Student Loan Borrowers in CARES Act

Titan Consulting

Congress recently passed legislation in the CARES act that provides direct and indirect benefits to Federal Student Loan borrowers. Congress also counts the non-payment period through September as credit toward loan forgiveness credit. Blog Coronavirus (COVID-19) Student Loans

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Debt After Death: 9 Things You Need to Know

Credit Corp

What debts are forgiven at death, for instance? Technically, personal debts aren’t forgiven at death. What Happens to Debt When You Die? We’ll cover what happens to debt in community property states a little later.). Jointly held debts are a little different.

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Living Alongside Your Debt: 7 Tips on Managing Debt

Credit Corp

Even if you have a little bit of debt, you need to find ways to manage it properly. Whether you’re paying off your tuition, loans, or credit card bills, this guide has been designed to help you better manage your outgoings and gain a better understanding of the options available.

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9 Ways to Pay Off Debt without Spending Your Paycheck

Credit Corp

Paying off debt should be a high priority for every American. Earlier this year, consumer debt rose to $4.2 With so much uncertainty looming with the economy, along with the high debt and low savings of the average household, it’s more important than ever to work on paying off debt.

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Top Money-Saving Tips and Tricks to Beat 2020 Holiday Debt

Credit Corp

Between Santa shenanigans, special foods, long-distance travel and treats, holiday spending adds up quickly—and so does holiday debt. Unfortunately, holiday credit card debt lingers far longer than leftover turkey. How to Pay Off Holiday Debt. Pay Debt Off Early.

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How to Pay Off Debt Fast–The Two Things You Need to Do

Credit Corp

Are you wondering how to pay off debt fast, if you think you have no money? In this article, I’ll cover some strategies you can do today to pay off debt fast. In the US, the average household debt is $137,063 , including cars, credit cards , mortgages, and other forms of debt.

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We’re Debt Free [And How You Can Do It]

Credit Corp

This article originally appeared on Arrest Your Debt and has been republished with permission. For many Americans, screaming, “We’re Debt-Free!” The consumer system is set up so that most purchases depend on applicant creditworthiness and a focus on being in debt responsibly.

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How to Get Out of Debt: 13 Expert-Backed Steps for Success

Credit Corp

Dealing with debt can feel like a hopeless situation. Don’t worry: You don’t have to be stuck with debt forever. We reached out to several experts and got their best tips for how to get out of debt. Tayne , a debt solution attorney and managing director of Tayne Law Group, P.C.

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Seven Ways to Get Out of Debt in 2022

Better Credit Blog

If you’re wondering how to get out of debt, you’re not alone. In 2021, the national household debt balance reached $14.96 Since more Americans are under pressure to resolve their debt, we’ve outlined several strategies that reduce or eliminate this financial liability.

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How to Get out of a Debt Spiral–11 Easy Things to Do [TODAY]

Credit Corp

Is your credit card debt behaving like an unruly boy and has gone completely out of your control? Are you spending sleepless nights wondering how to get yourself out of a debt spiral? Or perhaps it’s a burgeoning credit card debt? How to Control Your Debt Yourself.

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Fiona Personal Loan Review

Better Credit Blog

Whether you’re making a big purchase or just refinancing some existing debt, a personal loan could help. But comparing loan options could take days — unless you use an online marketplace like Fiona which lets you compare personal loan offers side by side within minutes.

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How to get out of debt and stay out

Debt Recoveries

Reading Time: 4 minutes Being a debt collection agency, we often receive queries asking for advice as to how one can get themselves out of debt. It’s not always easy and sometimes, paying off debts can take years. . Give priority to interest-bearing 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. Key Takeaways.

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Paying Bills Later: Considering Financial Consequences of Delayed Payments Due to COVID-19

Titan Consulting

Through the CARES Act, federally guaranteed mortgages , which cover two-thirds of home loans in the US, permit borrowers to delay payments, through a forbearance, for up to 12 months. These options could extend the loan term, or reduce the interest rate to lower the payment permanently. .

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Why Making Minimum Payments to Pay Off Credit Card Debt Ensures You Will Die Broke

Titan Consulting

Making just the minimum payment required each month on credit card debt will maximize the amount of interest you pay to creditors. Continuing to pay just the minimum payments on your credit card debt robs you capital you could use to fund your retirement or pay for your children’s education.

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What Is a Personal Loan?

Better Credit Blog

Each year, tens of millions of Americans facing similar situations turn to personal loans to help ease the financial burden. On the other hand, a personal loan might not always be the best solution to your money problems. Table of Contents: What Are Personal Loans?

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FAQs About Debt Management Plans

Debt Guru

A debt management plan (DMP) is an agreement between a debtor (that’s you, the person in debt) and a creditor (think: your bank or your credit card company) that tackles your outstanding debt. How do I choose a debt management agency? Student loans aren’t covered, either.

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Bankruptcy: Chapter 7 vs. Chapter 13

Better Credit Blog

Bankruptcy Code outlining different ways of settling your debts. Ad If you owe over $15,000 in debt, a Debt Relief Program may be able to help get you back on your feet more quickly. Select your state to begin applying for a debt relief program. Debt Settlement.

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Best Personal Loan Companies of 2022

Better Credit Blog

The best personal loans charge low fees and low fixed interest rates, have flexible loan amounts and terms, and have no prepayment penalties. A personal loan could let you access cash for any purpose. But even borrowers with average credit can get approved for some loans.

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How to Develop High Income Skills

Credit Corp

Earning most of these skills will also not make you part of the growing number of people who have student debt and are having to turn to student loan debt consolidation to survive.

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How to Manage Your Debt Before Buying a House

Credit Corp

When you choose a mortgage lender and are approved for your home loan, your lender is agreeing to lend you all funds necessary to cover your home purchase. So, having debt can be a good thing. . And you probably wouldn’t want your money tied up in other debts, right?

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I Hate Having Roommates: 7 Ways to Afford Living Alone

Credit Corp

A personal budget takes your monthly income and applies it to all the debts and other obligations you have. Consolidate Debt. Debt is a common reason many people can’t afford to live on their own. A debt consolidation loan or balance transfer credit card can help.

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Freedom Debt Relief Review

Better Credit Blog

In this review of Freedom Debt Relief, we’ll explain how the company can help if you’re struggling with unpaid bills. If you sign up to Freedom Debt Relief’s program, an advisor from the company will: Offer you a free financial evaluation as the first step. About Freedom Debt Relief.

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Bad Credit Scores And How To Fix ‘Em

Better Credit Blog

Equifax—one of the three major credit-reporting agencies—explains: “Lenders, creditors, and others often use credit scores to help them determine the likelihood that someone will pay back what they owe on transactions, such as loans , credit cards, mortgages, utilities, and even apartment rentals.”

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620 Credit Score

Better Credit Blog

Can You Get a Loan with a 620 Credit Score? Personal loan: Limited options. Auto loan: Limited options. A 620 is right on the border of the credit requirements for some loans, such as a conventional mortgage. Pay off your debts. Traditional home loan 620-640.

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7 Ways to Manage Your Fear of Spending Money [Chrometophobia]

Credit Corp

This post originally appeared on Arrest Your Debt. At least 70 percent of Americans are in debt, with at least 15 percent having a negative net worth. Most people in debt fear the future–this is normal. Compare Loan Options When You Need to Borrow.