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Evaluate Your Get Out of Debt Progress

Share   Time to Evaluate Your Progress As we zoom past the halfway point of the year, it’s time to think about your future. What better time than now to re-examine your financial resolutions and goals for the year and see how you’re doing? If your resolve to get your finances in order has gotten buried under a heap of more urgent priorities, now is a great time to gently return to it and see how you’re...

Sometimes it Makes Sense to Borrow – Most Ti...

Share It’s almost impossible to live debt-free; most of us can’t pay cash for our homes or our children’s college educations. But too many of us let debt get out of hand. Ideally, experts say, your total monthly long-term debt payments, including your mortgage and credit cards, should not exceed 36 percent of your gross monthly income. That’s one metric mortgage bankers consider when assessing the...

Should You Pay Just the Minimum on Your Credit Ca...

Share Pay just the minimum on your credit cards? For most people, this shocker from influential media personality Orman is a lousy idea. Credit card debt is a cancer that eats away at your finances, costing you a fortune in finance charges and leaving you vulnerable to issuers that can raise your rates or lower your credit limits at will. So why is Suze Orman telling you to stop paying down this debt? Orman, the author of...

Learn How to Control Your Personal Debt

Share 1. Americans are loaded with credit-card debt. The average American household with at least one credit card has nearly $10,700 in credit-card debt, according to CardWeb.com, and the average interest rate runs in the mid- to high teens at any given time. 2. Some debt is good. Borrowing for a home or college usually makes good sense. Just make sure you don’t borrow more than you can afford to pay back, and shop...