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If you have debt, you may feel a sense of desperation and a desire to eliminate it as soon as possible. Reducing your monthly expenses and developing an aggressive debt repayment plan is a great start. Depending on the severity of your situation, you may want to stop using credit cards during this time as well. Even if you aren't creating additional debt, you may still feel discouraged by how
Do Americans love their cars too much? Even as a car lover myself, I would argue yes. There is no other explanation for our behavior. Most of us who wouldn't consider financing furniture or appliance purchases will take out a loan to finance our vehicles without a second thought. Every time I fill out an application that inquires about my family's finances, there is always a section that asks
Recent Articles in Get Out of Debt
5 Reasons You Shouldn’t Refinance a Mortgage to Pay Credit Card DebtDecember 19, 2012
Everyone knows that credit card debt is "bad" debt due to the high interest rates on most consumer credit cards, while mortgage debt is often described as "good" debt. But
My Best Financial Tip: How to Prevent & Eliminate High-Interest Credit Card DebtNovember 15, 2012
There are so many components to prudent money management that it's difficult to determine which is the most important. However, there is one thing that virtually everyone deals
Should I Pay Off My Mortgage or Student Loans First?July 12, 2012
Student loans and mortgage debt are often considered to be "good debt," as they are forms of debt you take on in order to purchase something that should increase your net worth.
Should I Pay Off Debt or Save Money First?June 28, 2012
Living paycheck-to-paycheck greatly impacts your financial choices. You may face high credit card balances but have no way to pay down the debt, or you may wish to save for
6 Signs That You’re Carrying Too Much DebtApril 19, 2012
Many financial experts report that the average household carries at least $10,000 in credit card debt. In addition to this debt, many people take out upside down car loans and
How to Pay Off Your Car Loan EarlyMarch 19, 2012
Like most everyone, I hate debt, and the thought of paying off a car loan for a number of years has always left a bad taste in my mouth. While I realize that loans can be
How to Pay Off Your Student Loans With Low-Interest Credit CardsFebruary 2, 2012
In November 2011, CNN reported that students who graduated from college in the past year did so with a record level of student loan debt - $25,250 per graduate. What is most
Debt Snowflaking – 25 Ways to Find Extra Money and Pay Down DebtDecember 28, 2011
If you have debt, you may feel a sense of desperation and a desire to eliminate it as soon as possible. Reducing your monthly expenses and developing an aggressive debt repayment
Best Secured Credit Cards for People with Bad CreditSeptember 1, 2011
Rebuilding your credit history when you have bad credit can be frustrating. You can't get a credit card without a decent credit score, and conversely, you can't improve your score
How Does Bankruptcy Affect Your Credit Score?August 16, 2011
The main issue that discourages most people from filing bankruptcy is the detrimental effect is has on their credit. It's true that a bankruptcy can stay on your credit report for
