Posts Tagged ‘Credit Card Debt’

The Pros and Cons of Social Lending

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Share This Photo: quaziefoto With faith in banks and credit card companies on the decline, more consumers are turning to social lending as an alternative to existing financial institutions for their borrowing needs. The worst offenders, credit card companies, have been lowering credit limits and increasing penalty fees and interest rates on even their most loyal customers. For this reason, frustrated credit card holders comprise one of the largest sectors looking into lending sites to refinance credit card debt. With interest rates as low as 7.8%… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - January 6, 2010 at 10:20 pm

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Seven New Years Financial Resolutions for 2010

This is a guest post from the National Endowment for Financial Education (NEFE), a non-profit dedicated to improving the financial literacy of all Americans. NEFE operates the site Smart About Money and have developed a series of articles filled with tips to help you make 2010 the year of financial freedom.  You can also find Economic Survival Tips, worksheets and articles focused on financial education related to housing, spending, credit and job change. Follow NEFE on Twitter at @nefe_org Control Spending.  If you spend less you'll have more money available to pay down debt and save for the future. Write… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - December 31, 2009 at 10:20 am

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The Bondage of a Debt Financed Lifestyle

Many Americans find themselves in quite the situation financially these days.  Their situation is nothing short of bondage.  They are completely trapped because of years of borrowing money to finance a lifestyle that was unattainable without debt.  They aren’t the only guilty party.  The government has encouraged it and the banking system was more than willing to loan the money. The problem is that while government can tax, print and borrow, and banks can ask for bailouts, most individuals are stuck in the bondage that they have created for themselves.  People have been living beyond their means for far too… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - December 30, 2009 at 8:20 am

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Borrow Money With Prosper & Lending Club

Earlier this year, I hosted a guest post by Jonathan sharing his experiences with borrowing money from peer to peer lending network Prosper. Just recently, I received the following email from a reader singing their praises: I’ve borrowed twice now from Prosper and I love it. The first loan was $7000 at 8.65% for three years and the most recent was $8000 at 9.65% for three years. I got the 2nd in response to the credit cards jacking up my interest rate and slashing my credit limit no reason. I was so angry about the… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - December 22, 2009 at 6:20 pm

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How To Get A Low Interest Rate APR on Credit Card Debt

I’ve been getting a lot of stories of people struggling to get out of debt because of the recent How to Fight a Debt Collector series. They haven’t reached the point of fighting debt collectors yet and they want to keep it that way. As much as others like to malign those deep in debt, the vast majority of debtors want to make good on what they owe. If you’re in heavy credit card debt, the first thing you need to do is take stock of your financial situation and stop spending. You need to… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - November 25, 2009 at 3:20 pm

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How to Go Into Debt to Get Out of Debt

This really sounds like the ultimate oxymoron, but one of the best ways to get out of debt is to go a little bit further in. What’s that? First, to help this make more sense, let’s clarify – if you need to get out of bad debt, going into good debt will help you pay off those credit cards and make more money. It’s important to understand that there is a huge difference between good debt and bad debt. Going into good debt has some risks, but when managed correctly, you can end up making enough money to quit… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - November 24, 2009 at 1:20 pm

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Accelerating Your Mortgage Payoff = Debt Free Euphoria

Becoming financial debt totally free can be a euphoric feeling that brings on a freer, less complicated way of life. Becoming financial debt totally free can be very difficult to achieve completely, particularly in this credit score large world we live in. You want it? You got it-just signal here. Appear around your house at all the issues you have bought more than the previous three many years. Flat panel Television, new smart phone, tons of footwear (tons), shiny automobile and a few sunny weekends in Bermuda. Wow, I bet you truly did not need all that stuff and probably… Read the whole article...

1 comment - What do you think?  Posted by Robert Wilkinson - November 12, 2009 at 12:20 am

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Is Consolidation Always the Answer?

1 of the most essential thinyorive tdend regng ncial financial debt idea ofrel="nofollow" href="http://www.richcreditdebtloan.com/four-suggestions-to-obtaining-bad-financial debt-under-manage/">>>>>financial debt consolidation>>>1>>>>Associated Posts

1 comment - What do you think?  Posted by Robert Wilkinson - August 24, 2009 at 10:20 am

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