What You Should Do Instead of Taking Out a Payday Loan

Payday loans can be a real blessing and a curse. On one end, they provide quick cash that can help you get out of a financial bind when you have very little options. On the other hand, interest rates tend to be high and they can really set you back financially when you have to start paying back the loan. Payday loans are generally reserved for people with bad credit and therefore can’t qualify...

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Posted in: Credit and Debt

Expensive Credit Card Needs Your Attention

The average credit card debt per household carrying card balances in the USA exceeds $15,000. Credit card companies are delighted because they make their money from charging a high rate of interest on that debt at the end of each month. Where would they be if everyone paid off their balances in full each month and used their credit cards purely out of convenience? The probable answer is that they would...

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Posted in: Credit and Debt

What You Need to Know About Credit Cards

You’ve probably heard warnings about credit cards. People say that you shouldn’t even start to use them because they can lead to trouble for your financial situation. On the other hand, these pieces of plastic can help you to build up credit, increasing your ability to qualify for a mortgage or a student loan. Instead of view credit cards in 2016 as entirely evil or purely good, remember...

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Posted in: Credit and Debt

How to Reduce Your Debt and Save Thousands of Dollars

reduce debt, saving money, debt tips
When I first started getting serious about improving the way I manage my finances, I started consistently putting hundreds of dollars toward my debt each month. My minimum payment for the car loan I had at the time was $233 and my student loan payment was only $140 per month. Yet and still, I was committed to putting anywhere from $600-900 toward my debt each month. I remember getting when one of my...

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Posted in: Credit and Debt
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