Monthly Archives: August 2013

Simple credit card debt solutions

When it comes to financial planning for the future. excessive credit card debt tends to be the type of debt that gets most people unstuck.  How can one establish any form of financial stability if you need to keep paying interest on interest for your past purchases? There are some simple steps that anyone carrying excessive credit card debts can...
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Debt Don’ts

How big a problem is your debt? Anyone asked this question would need to consider what debt they hold, and what is their strategy for holding the various debts that they have. Was your debt acquired along the way with little planning or purpose, or was it part of a long term strategy on the way towards financial independence and...
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Are debt agreements the same as bankruptcy?

There is a perception on the wider community that debt agreements are the same as bankruptcy and should be avoided at all costs. Consequently numerous people who are effectively insolvent with significant unsecured debts are doing all they can to avoid signing a debt agreement. They are borrowing from family and friends, selling whatever possible to pay down their debts...
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Know what you are signing up to with a Debt Agreement

Debt agreement have many advantages and a few draw-backs, however on balance if you are an individual with significant unsecured debt and a genuine difficulty in meeting the repayment obligations on that debt, a debt agreement may be your salvation from a full blown bankruptcy. While debt agreements do offer relief to insolvent borrowers, they should by no means be...
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Debt prevention is the best debt solution

Those looking for a cost effective debt solution need to firstly review their current debt mindset. While you may well be able to qualify for a debt consolidation loan, or some other debt reduction alternative, the best strategy when it comes to debt is not to carry any long term. That does not mean not using credit cards, what it...
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