Category: Debt
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Freezing Your Credit
A friend of mine has a ministry non-profit. A few weeks ago, he asked me to manage the financial accounts for the ministry and to bring an extra level of accountability. I thought it was a great idea and decided to help out. The next week we went to the bank to add me to…
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Oh No, My Credit Score…
About seven years ago, I reluctantly spent the $14.95 to obtain our credit score. At the time, with a mortgage still remaining on my list of debt obligations, we found our score to e in the low 800’s. Pretty amazing after we had paid off tons of debt in the years prior to that time.…
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Chapter 13?
Many people I come in contact with have one question in mind – should I declare bankruptcy? They have worked themselves into a financial mess and they feel the only way out is bankruptcy. Little, if any, research is done personally on what the process, outcome , or real impact of the bankruptcy would be.…
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Guess They Will Not Be a Client….
I am amazed at the ineptness of our government leaders – especially when it comes to finances. Yes, we all know that they are trying to protect their political careers and afraid to make the tough decisions, but there comes a point when they have to realize that the spending path they have us on…
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What Are You Doing With Your Refund?
For many Americans, the season is upon you of receiving the joyful tax refund, Regardless of the fact that you lent the US Treasury your money and they are not paying you one penny of interest, you are so excited about that check that is soon to be on its way. Now – what will…
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Good Debt vs. Bad Debt
Is there really a difference? Debt is debt! Most people do not see it like that and refer to non-mortgage debt as bad debt. They believe that having a mortgage is good debt and it is ok to have that kind of debt load. Some will even lump in vehicle debt as being OK too.…