Term: managing debt
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5 People Who Paid Off Massive Debt

By Steven Shaw on 1/3/2014

5 People Who Paid Off Massive Debt

Digging out of deep debt can seem like an insurmountable task, and for some people it is. More than a million American households filed for bankruptcy last year in an effort to put their debt behind them.

But bankruptcy court isn’t the only way consumers shed debt. These five people have paid off very large amounts of debt using just about every strategy in the book. Here’s how they did it.

managing debt
Credit Card Debt
Debt
debt collection
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Debt Utilization Ratio
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Debt-Free
Debt-to-Income Ratio
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managing debt
non-mortgage debt
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student debt
What Your Debt is Really Costing

4 Tools That Can Help You Get Out of Credit Card Debt

By Steven Shaw on 11/1/2013

Tools That Can Help You Get Out Of Credit Card Debt

If you are having trouble paying off credit card debt, you need help. Paying off a large balance can be one of the most difficult challenges in personal finance, but there are some resources and strategies that can help you. Here are a few of the tools out there that make the task of paying off your debt a little easier.

managing debt
Pay Off Debts
Balance Transfer Credit Cards
Credit Card Debt
Credit Card Repayment Calculators
Debt
Debt-Free
get out of debt
Interest-Free Financing Offers
Low-Interest Credit Cards

Women Flexing their Financial Muscles

By Steven Shaw on 8/30/2013

The age-old battle of the sexes certainly holds its own stereotypes: men are action-oriented, women crave deep discussion; he tends to score higher on math tests, while she excels at language-based tasks. But when it comes to money and credit management should men still be the de-facto household CFO as in the past? Perhaps not, according to new research from Experian, which suggests that old stereotypes that applaud men as good money managers may no longer hold their weight.

Experian’s Great Credit Divide Gender Trends Study revealed female superiority in money management, with women leading men in credit health and debt management despite lower average salaries.

How do we stack up against one another? Read on to find out.

credit score
managing debt
Pay Off Debts
Credit Card Debt
Debt
Debt Utilization Ratio

Do We Need to Change Bankruptcy Rules for Student Loans?

By Steven Shaw on 3/8/2013

Do We Need to Change Bankruptcy Rules for Student Loans?

This is the fourth article in a series devoted to consumer issues for National Consumer Protection Week March 3-8.

Ever since the Guaranteed Student Loan Program was established under the Higher Education Act of 1965 — offering government-guaranteed loans to students — an ongoing debate has ensued over whether a student loan borrower should have the same option of discharging the debt in bankruptcy as consumers facing default on other types of debt.

managing debt
Bankruptcy
ncpw
student loans
students

Stay Out of Debt by Planning for the Inevitable

By Steven Shaw on 3/6/2013

Stay Out of Debt by Planning for the Inevitable

Are you ready for some tough love?

You are the cause of all your debt problems. You are solely responsible.

For some, this is a bitter pill to swallow. It doesn’t feel good. Facing this truth can be uncomfortable, but until you see the cause of your financial problems looking back at you in the mirror, you may never get out of your vicious cycle of debt.

Taking responsibility is difficult: It means you have to give up the victim role. But it is the only way you can empower yourself, take charge of your life, and permanently solve your financial difficulties.

managing debt
insurance
stay out of debt