Debt Payoff Strategies
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How to Pay Off Your Credit Card Debt Faster
Here are some helpful tricks you can use to pay off your credit card debt faster. A recent study conducted by Money on how the coronavirus pandemic is changing the credit card habits of Americans shows that 70% of them do not plan to cancel or close their credit cards and 38% say the credit card is the only way…
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How to Pay Off Credit Card Debt in 6 Simple Steps
It’s time to pay off credit card debt. In this article, I’ll provide six simple steps to help you to get your balance from insurmountable to zero. Our relationship with credit cards starts with the best intention. We never plan to carry a balance from month to month. With the best intentions, things still happen and a relatively small balance…
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How to Pay Your Mortgage Faster: 5 Ways
Are you looking to pay your mortgage faster? Being mortgage-free has its benefit including peace of mind knowing your home is yours. Financial planning might be relatively easy for you, but dealing with the burden of a mortgage can easily turn into a headache. The housing market just by the third quarter of 2020 has seen an increase of 84.5%…
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How to Eliminate Credit Card Debt (10 Ideas)
Credit cards are useful financial tools but can get out of control with uncontrolled usage. What may seem to have been a small manageable balance has ballooned to stressful amount. If you have credit card debt and want to pay them off quickly, try these methods to have the balances eliminated. Stop spending What often derails debt-free seekers is continuing to spend at…
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Tackle Debt Payoff with these 7 Side Hustles
2020 reminded everybody of the need for debt payoff, so more and more people are starting a side hustle. Besides health issues, the pandemic has caused a lot of stress because many people lost their jobs or started getting paid less. It’s no longer news that we are dealing with a financial crisis. Global debt levels reached over $272 trillion…
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How To Beat Post-Holiday Financial Debt
Have holiday financial debt? You’re not alone. An American Research Group survey of 1,100 adults between November 17 and November 20, 2020 found that the average person plans to spend about $851 during the 2019 holiday shopping season. Between Thanksgiving and Christmas, consumers give their credit cards and bank accounts a serious beating. Many people feel obligated to buy gifts…
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9 Ways to Lower Your Debt-to-Income Ratio
Need to lower your debt-to-income ratio? Your debt might be affecting your financial wellbeing. In this article, we’ll explore ways to lower you debt-to-income (DTI) ratio into a more manageable level. One of the foundations of financial wellness is holding on to little to no debt. But sometimes debt is necessary because it’s a result of buying your dream home,…
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Debt-Freedom
How to Achieve Debt Freedom and Become Financially Secure Debt can cause stress impacting your health and wellbeing. It’s a ball-and-chain that prevents us from living our dream lifestyles. Whether you have a mountain of student loans or credit card debt being shackled to these debt obligations is a frightful one. You can live debt-free. However, the success of any…
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Debt Snowball or Debt Avalanche: Which Debt Elimination Method is Best?
For a long time, people would tell me how there were two types of debt – good and bad. The good debt was a mortgage or maybe even a car loan (because I would need it to get to and from work). Bad debt was from credit cards. I learned a secret a few years ago that there is no…
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Public Service Loan Forgiveness Program: Quick Overview
The Public Service Loan Forgiveness Program is offered to public service employees. If you work full-time for a government or not-for-profit organization, you may qualify for forgiveness of the entire remaining balance of your Direct Loans after you’ve made 120 qualifying payments—that is, 10 years of payments. Loan forgiveness is the cancellation of a loan debt under various loan forgiveness…
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