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Repeated calls from debt collectors can quickly become annoying. In fact, tens of thousands of consumers every year are seemingly so annoyed that they lodge formal complaints. In 2022, the Consumer Financial Protection Bureau (CFPB) fielded roughly 115,900 complaints about debt collection. So, how can you keep a debt collector from reaching out to you? […]
Can You Ask Debt Collectors to Stop Contacting You? Read More »
In general, it’s best to pay off credit card debt first, then loan debt, since credit cards often have the highest interest rates. When you prioritize paying off credit card debt, you’ll not only save money on interest, but you’ll potentially improve your credit too. That’s because reducing credit card debt directly impacts your credit
Should I Pay Off Credit Card or Loan Debt First? Read More »
Don’t pay someone to do what you can do for free https://financialpost.com/personal-finance/debt/3-pitfalls-avoid-improve-credit-score #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp
3 pitfalls to avoid when trying to improve your credit score Read More »
After a 3-year COVID pause, student loan interest will resume starting on Sept. 1, 2023, and payments will be due starting in October,” according to the Department Of Education. “We will notify borrowers well before payments restart.” Given the pandemic was officially declared over on May 11, 2023, it makes sense that student loan debt should
Entitlement Mentality Is A Sneaky Wealth Destroyer Read More »
With the midpoint of the year approaching fast, it’s a great time to take stock of your financial progress, realign your spending with your goals and set your sights on where you want to end up by the end of the year. To help you pull off a financial review that leaves you with new
Midyear Financial Checklist: 7 Steps to Improve Your Finances Read More »
If you’re struggling to pay down credit card balances, loans and other debts, you may wish to get financial help from a close friend or family member. You may even have a philanthropic or generous relative offering to relieve the strain on your finances by paying off your debt. While getting monetary help from someone
Can Someone Else Pay Off My Debt? Read More »
Not raising the debt ceiling could cause another sell-off in the stock market. If so, history has shown it is worth buying the dip as politicians eventually agree to raise the debt ceiling limit and curb some spending. However, have you ever wondered why the government doesn’t spend more responsibly? After all, we individuals are
Debt Ceiling Debacle: Why Not Just Spend More Responsibly? Read More »
Signs that more and more consumers having financial difficulty as interest rates rise https://financialpost.com/news/economy/families-facing-real-pressure-household-debt-levels-rise-cmhc #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp
Families ‘facing real pressure’ as household debt levels push higher, CMHC warns Read More »
If you’re facing financial hardship and struggling to make your monthly mortgage payment, a mortgage modification may make your home loan more affordable and help you avoid foreclosure. Loan modifications date as far back as the 1930s, when they helped stabilize the housing market during the Great Depression by making mortgages more manageable for homeowners.
What Is the Fannie Mae and Freddie Mac Flex Modification Program? Read More »
Keeping your kids busy within a budget can be challenging. Sandra Fry offers some tips https://financialpost.com/personal-finance/time-to-figure-out-what-you-can-afford-to-spend-on-some-summer-fun #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp
Time to figure out what you can afford to spend on some summer fun Read More »
The 20/10 rule of thumb is a budgeting technique that can be an effective way to keep your debt under control. It says your total debt shouldn’t equal more than 20% of your annual income, and that your monthly debt payments shouldn’t be more than 10% of your monthly income. While the 20/10 rule can
What Is the 20/10 Rule of Thumb? Read More »
When it comes to making financial decisions, there’s no substitute for crunching the numbers. Loan calculators can help you better weigh your borrowing options and choose the best repayment strategy for your budget. Here are four loan calculators from Experian that can help you understand loan costs and manage your debt. You’ll also find additional
4 Loan Calculators to Help Manage Your Money Read More »
Understanding debt collection practices is essential for anyone who has borrowed money. There are many misconceptions about how the process works, and today, we will address one common question: Can a collection agency sell my… The post Can a Collection Agency Sell My Debt to Another Agency? appeared first on Crediful. https://www.crediful.com/can-a-collection-agency-sell-my-debt/ #financialfreedom #money #entrepreneur
Can a Collection Agency Sell My Debt to Another Agency? Read More »
If you’re struggling to pay your monthly debts, a debt management plan (DMP) may help you make ends meet and eventually pay off your debt. A DMP is a repayment plan in which a credit counselor helps you determine how much you can pay toward your debt, consolidates your payments and negotiates with creditors to
What Is a Debt Management Plan? Read More »
Debt consolidation can help you save money and get out of debt faster, and it’s possible to use the process to build your credit along the way. That said, debt consolidation can have a positive or a negative impact on your credit, depending on various factors. Here’s how to take advantage of the opportunity to
How Debt Consolidation Can Improve Your Credit Read More »
Title loans can provide you with access to fast cash, even if you have poor credit or no credit history at all. However, these loans can be very expensive and difficult to pay back, so it’s important to understand how they work before you apply. Here’s what you need to know about how title loans
How Do Title Loans Work? Read More »
What you don’t know about credit could inadvertently hurt you https://financialpost.com/personal-finance/debt/protect-credit-rating-struggling-make-ends-meet #financialfreedom #money #entrepreneur #business #finance #investing #financialliteracy #success #investment #wealth #motivation #financialindependence #passiveincome #personalfinance #realestate #stockmarket #debtfree #entrepreneurship #invest #bitcoin #creditrepair #debtfreecommunity #investor #trading #workfromhome #stocks #credit #financialeducation #bhfyp
How to protect your credit rating even when you’re struggling to make ends meet Read More »
Here’s what’s happening in the personal finance space this month, how it might impact you and what you can do about it. Inflation Rate Hits Its Lowest Level in Nearly Two Years In April, the Bureau of Labor Statistics (BLS) reported an increase in prices of just 0.1% for all items in the consumer price
The Latest Personal Finance News for May 2023 Read More »
Think of all the differences in personal finance that Generation Z will soon encounter as they enter adulthood. Even setting aside the economic and social disruptions the pandemic caused for everyone, the generation coming of age today is encountering a dizzying array of new financial offerings. On top of the age-old milestones like a first
Generation Z and Credit in 2023 Read More »
A debt trap can occur when you are forced to take out new loans to repay your existing debt obligations, creating a cycle of compounding debt. Even a small new loan can push you into a debt trap if you can’t repay it on time or in full. A cycle of debt can be hard
What Is a Debt Trap? Read More »
