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Drawbacks of Moving Abroad to Escape Debt

12 Jun, 2018 / Comments:Comments Off on Drawbacks of Moving Abroad to Escape Debt / By Jennifer Hamilton

If you’re drowning in debt and are unable to foresee yourself getting out of it then the idea might have popped into your head to move to a different country in order to run away from your debts. There are many people out there who head to Belize, Ecuador, Panama, etc. just to get away from their financial situation. However, relocating abroad isn’t the cure-all to getting out of debt, as financial problems don’t just dissipate. Here are some downfalls that may come your way if you attempt

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How Bad Credit Can Cost You That Dream Job

05 Jun, 2018 / Comments:Comments Off on How Bad Credit Can Cost You That Dream Job / By Jennifer Hamilton

Many people do not consider that having a bad credit record could affect their employment prospects. However, potential employers have a right to look at credit records and having a bad record may cause them to feel that you are not employable. The reason or this is that not being good with money may cause people to draw negative conclusions about you. Examples of some of these are explained in more detail below. Bad Head for Numbers If you cannot get your bank account to balance each month it may

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How to Save Money on Summer Trips

26 Apr, 2018 / Comments:Comments Off on How to Save Money on Summer Trips / By Jennifer Hamilton

With the summer holidays swiftly approaching, the smart vacation planner will be on the lookout for the best deals possible. There are numerous ways to save cash, ranging from packing lunches to going on non-holiday weekends. Here are a couple of suggestions. Plan and Pack Your Meals Going to a restaurant might seem like a good idea. The new cuisine and the convenience of not having to cook can be a nice change of pace. However, this treat can swiftly consume even the most frugal of holiday goer’s

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Hazardous Ways to Pay Off Credit Card Debt

02 Apr, 2018 / Comments:Comments Off on Hazardous Ways to Pay Off Credit Card Debt / By Jennifer Hamilton

The average American family has nearly $16,000 in credit card debt. When you are in credit card debt, it can feel suffocating, as if you will never be able to escape the debt trap. Credit cards can carry very high interest rates, and your interest rate can rise significantly if you are ever late with making a payment or if you exceed the limit on any of your credit cards. Making the minimum payment on credit cards means you will pay significantly more than the value of the items you purchased on

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How to Keep Unpaid Medical Debt from Ruining Your Credit

21 Mar, 2018 / Comments:Comments Off on How to Keep Unpaid Medical Debt from Ruining Your Credit / By Jennifer Hamilton

If you have a medical bill that has ended up in collections then it has likely hurt your credit score a lot more than it actually should have. This was at least the conclusion that the Consumer Financial Protection Bureau came to after they studied over 5 million credit reports at the beginning of the year. This federal regulator kept track of how well the credit scores of people actually predicted how credit worthy they were after the medical bills appeared on their credit reports. They found that

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Will the Request for a Credit Limit Increase Hurt my Credit?

07 Mar, 2018 / Comments:Comments Off on Will the Request for a Credit Limit Increase Hurt my Credit? / By Jennifer Hamilton

It is a common myth to believe that requesting a credit limit increase will hurt your credit score. In fact, the opposite is true in many cases – requesting a higher credit limit can benefit your credit score as long as you are responsible with your available credit. Of course, there are certain situations when it can hurt, which is why being an informed consumer is the best option. Before you ask for an increase, find out how this new credit could help or hurt your particular situation. More Credit

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Recognizing and Dealing with Sketchy Debt Collector Tactics

25 Feb, 2018 / Comments:Comments Off on Recognizing and Dealing with Sketchy Debt Collector Tactics / By Jennifer Hamilton

Every year there are thousands of people that are victimized by fraudulent collectors, and are intimidated by tactics that are extremely abusive so that they often end up paying the debt simply to stop the harassment of themselves, as well as their family, friends and employers. However, even if you fall behind on paying your bills you don’t have to subject yourself to foul play. State laws as well as the Fair Debt Collection Practices Act provides a very strict set of rules that bill collectors

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Money Saving Starbucks Hacks

02 Feb, 2018 / Comments:Comments Off on Money Saving Starbucks Hacks / By Jennifer Hamilton

If you love your Starbucks fix, but your wallet is not as fond of your habit, you are in luck because there are ways to get your fix while saving money. These simple tricks will help you chop your Starbuck’s bill down while still allowing you to get your caffeine fix – it’s a win-win for everyone and the baristas never have a problem with any of these orders. Iced Lattes on the Cheap If iced lattes are your vice, there is an easy way to get one for almost half of the regular price. Instead

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Credit Implications Associated with a No Spending Limit Credit Card

18 Jan, 2018 / Comments:Comments Off on Credit Implications Associated with a No Spending Limit Credit Card / By Jennifer Hamilton

Most credit cards come with a credit limit which is usually based on several factors determined by the credit card issuer. On the other hand, with a No Preset Spending Limit Card, cardholders do not have a spending limit defined by the credit limit on their card. Instead, the limit of expenditure is decided based on payment history, income, and spending patterns. This preset limit can change, and often you can increase your limit simply by requesting it. Many people wonder if obtaining these types

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Alternative Options to a Securing a Personal Cosigner

18 Jan, 2018 / Comments:Comments Off on Alternative Options to a Securing a Personal Cosigner / By Jennifer Hamilton

Perhaps you need a car loan in order to get to work, and although you know you’ll be able to make all the payments, you don’t have enough of an income or your credit score is too low in order to obtain one. Or perhaps you want to rent an apartment right out of college, but don’t have a steady income yet. A co-signer can solve any problem you have with getting a loan or lease. That being said, it’s reasonable that you don’t want to compromise your loved one by asking him or her to co-sign.

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