Debt Relief

The following is a guest post from my buddy Ben Edwards. He is a co-author of the Debt Heroes book and writes about money over at Money Smart Life He illustrates how you can solve your debt problem by piggybacking off the inspiring story of a man everyone wrote off as having no chance to [...]

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Sometimes people just land in a debt trap –the loss of a job, a large medical event, and bingo, you’re deep in debt. For others, it’s a gradual evolution based on a combination of factors. In order to get out of debt, you first need to understand how you got there. Once you do, you [...]

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Some things in the financial world can be done passively but if you want to get beyond debt , you have to work it differently. You can earn income passively, such as with interest and dividend bearing investments or rental property. You can save money passively through payroll deductions, and you can even prepare for [...]

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A good income to debt ratio will help you tremendously in just about all aspects of your financial life. You’ll qualify for credit more easily because you’ll have a good credit score, and you’ll pay a lot less when you borrow money. You’ll also be a more desirable job applicant if you apply for a [...]

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If you’re buried in debt, your situation is not hopeless. There are three steps you can take – beginning today – to get back on track. 1. Pow-Wow Before doing anything – and I mean anything – get your family together to sit down and discuss the situation. My suggestion is to be completely transparent [...]

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If you are in debt, especially credit card debt, you might be so focused on getting out of debt that you overlook one of the most important steps – reduce your cost of debt first. The reason this is important is because if you reduce your cost of debt, you can get out of financial [...]

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Financial resilience is a critical quality to have. We all face financial trouble at one time or another. The important point is to be able to bounce back. But how? It’s not easy to recover — especially when you’ve fallen from great heights. John was the “dentist to the stars.” He treated the biggest names [...]

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People who use debt settlement companies almost never walk away with less credit card debt. Many end up with more debt and worse. Their credit is ruined and the collection agents and lawsuits are intensified. As you’ll see, these services are usually debt relief scams you should avoid. The FTC recently passed new rules to [...]

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If you have the right debt payment plan, you don’t have to worry about debt anymore. If you do have debt, your number one financial mission in life is to get rid of it as fast as possible. You don’t need to get taken advantage of with slimy debt relief scams either. Think of your [...]

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