Debt can make it difficult to lead a worry-free life. This makes it essential to create a plan to get things back on track when you’re falling behind. Constructing an efficient debt relief strategy is necessary to fight against accruing interest and avoid harming your financial future While you’re considering the right things to do,…
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Although credit cards provide convenient and on-demand purchasing power beyond your stream of income, they also come with factors that can make the debt costly and potentially impossible to pay back. Want to know why credit card debt is so difficult to pay off? Creditors have three significant advantages in keeping you on the debt…
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No, a person can’t go to jail for not paying credit card debts. The U.S. ended the use of debtor prisons centuries ago. However, that doesn’t mean a credit card company doesn’t have legal alternatives for owed debt. The most efficient way of doing so is by filing a lawsuit in court for the credit…
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If you owe a considerable debt because you didn’t pay your credit card bills or pay back a loan, it can have a negative impact on your finances. Not to mention you may also face a lawsuit that’ll present itself in the form of a civil summons. Creditors and debt collectors have the right to…
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If your mailbox is frequently full of preapproved credit card offers, it may be a sign that you have good, or even excellent, credit. These offers often indicate that card issuing companies believe you are a good credit risk. At the same time, many people with bad credit are also targets for the so-called “credit…
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Millions of Americans have defaulted on their student loans. Although it happens often, you want to tackle the issue head-on, as it can get worse if you allow it to persist. By being proactive about your student loan debt, you can ultimately save you a lot of time and money. Student Loan Debt Payment Plans…
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There might come a time when you are unable to afford auto loan payments, subjecting you to the threat of repossession. When this happens, the thought of hiding your vehicle from authorities to avoid repossession may come to mind, but is it possible to do and are there repercussions? Intentions are a big factor when…
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Aside from a house, a car is often the most significant purchase a person will make. With down payments, financing, and loan payments, the purchase of a car can be financially daunting. Preparing financially for a car purchase doesn’t have to be overwhelming, though. Keep these four tips in mind while you’re saving up enough…
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Business enterprises are traditionally very appealing prospects for finance companies given the fact that they regularly require loans to make capital improvements or purchase inventory. Securing a loan at a pivotal moment can make or break a business, and it has the potential to facilitate a level of profitability that produces a mutually beneficial relationship…
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Did you ever have a debt that seemed to disappear? You may have received multiple debt collection calls after your first couple missed payments, but after a while, they seemed to stop randomly. You may have seen this as a blessing as you no longer had to face those torturous calls, but what was transpiring…
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. Heather Weis | Benveniste Law Offices