Is DIY or Free Tax Preparation Right for You?

Is DIY or Free Tax Preparation Right for You?

It seems as if we just finished celebrating Christmas and New Year, and now it is time to start working on our 2014 tax forms. Since most of us cannot be sure we are getting the biggest return possible without help, we want the best tax preparer possible on our […]

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How to Destroy a Budget in 5 Ways

How to Destroy a Budget in 5 Ways

Have you ever wondered why the people you work with seem to have more money than you? You are on the same pay scale, yet they seem to be flush with cash and you are strapped every Friday, why is that? Assuming that they are not neck deep in payday […]

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5 Tips For Getting Your Financial House In Order

5 Tips For Getting Your Financial House In Order

Well, here we are at the beginning of another year. While it may seem cliché and as if we are jumping on some sort of bandwagon, now is a great time to focus a New Year’s resolution regarding your finances. Sure, the New Year was last week. If most of […]

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Debt Consolidation Loans That Won’t Hurt Your Credit: 3 Keys

Debt Consolidation Loans That Won’t Hurt Your Credit:  3 Keys

Getting a debt consolidation loan can be daunting. It can be even more daunting trying to decide what to do in the aftermath of the loan, so that the loan positively affects your credit over the long term. Below we will discuss a few of the financial moves that you […]

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It’s Midnight, Do You Know Where Your Social Security Number Is?

It’s Midnight, Do You Know Where Your Social Security Number Is?

Most people know exactly where there social security card is at all times, but do you know where your social security number is and who has it at all times? Probably not! We are asked for our number fairly often…to confirm our identity, verify access to accounts, etc. Surrendering our […]

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How Does Credit Counseling Affect Your Credit?

How Does Credit Counseling Affect Your Credit?

Credit counseling usually consists of two stages: advice and action. During the advice stage, credit counseling will not affect your credit; however, during the action phase, the plan that you enact will mostly likely lower your credit score quite significantly. Advice vs. Action During the advice stage, the credit counselor […]

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Does Consolidation Ruin Your Credit?

Does Consolidation Ruin Your Credit?

Debt consolidation does not ruin your credit. It many instances, it will improve a person’s credit. Any hits to your credit will come if you were behind on the payments for the debts that you are consolidating. Credit Dings As stated above, any dings to your credit will come from […]

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Will Debt Collectors Settle for Less?

Will Debt Collectors Settle for Less?

The short answer is: maybe. There are too many factors that go into whether or not a debt collector will accept a settlement for a quick answer to suffice. Let’s look into a few of those factors. Age Of Debt The vast majority of creditors do not collect delinquent debts […]

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Can Credit Counseling Stop Wage Garnishment?

Can Credit Counseling Stop Wage Garnishment?

If there is already a court order for a wage garnishment in place, then no, credit counseling cannot stop a wage garnishment. On the other hand, if you are only being faced with a wage garnishment, but no order is in place, credit counseling may convince a creditor to not […]

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Does Debt Go Away in 7 Years?

Does Debt Go Away in 7 Years?

In order to fully answer the question, we must define the difference between a debt becoming time-barred and ”going away”. When a debt becomes time-barred, or collection actions become impossible, depends on the state that you live in. A national average is seven years, but some states allow up to […]

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