“Charged Off” Debt...

Jun 22, 2020 by

After you declined to make any payments for six months, your credit card issuer “charged off” your debt. Are you off the hook?

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Paying Debts in Collections

Jun 1, 2020 by

If you have a debt in collections, life can get ugly. The last person from whom you want to take advice about how to resolve the debt is a debt collector. Instead, form your own plan based on your situation and aggressively attack the debt.

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Considering Bankruptcy?

May 18, 2020 by

You may know that filing bankruptcy will crush your credit for about a decade. But if you’re considering bankruptcy, do you know that the timing of filing can make or break your plan for a fresh financial start?

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Installment Loan Money Trap

May 4, 2020 by

You know payday lending is designed to entice you into very costly borrowing. So-called “installment loans” are just as nasty and can suck money out of your pocket faster than a $10 minimum blackjack game.

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Send a Cease & Desist Let...

Apr 20, 2020 by

You have the right to force that nasty debt collector to stop contacting you. But doing so might have even nastier consequences.

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How to Triage Bills – Pa...

Mar 30, 2020 by

Part 2 of a two-part mini series: Say you’re in a tough but you hope temporary situation where you know you’re going to be short of cash to pay all of your debts and bills. How do decide what to pay?

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How to Triage Bills – Pa...

Mar 23, 2020 by

Say you’re in a tough but you hope temporary situation where you know you’re going to be short of cash to pay all of your debts and bills. How do decide what to pay?

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Handle Old Debts Carefully

Dec 16, 2019 by

You’ve got a 5-year old debt. Do you still owe it? Should it still be on your credit report? Is it dragging down your credit score? Can you be sued for collection?

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Forget About Retirement

Aug 4, 2019 by

I vote for retiring the word “retirement,” as it’s traditionally been used: The period of time beginning with leaving paid employment and ending with death.

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Whoa! A 25% Car Loan?

Apr 15, 2019 by

I’m going to stick my neck out a bit here and offer a lot of opinions about a real life situation though I’m admittedly lacking...

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