Debt

Pay Down Debt or Save Money
7 min read

Pay Down Debt or Save? How to Prioritize Your Finances

7 min readDeciding between paying down debt or saving can be challenging. First, assess interest rates—high-interest debt should be prioritized. However, building an emergency fund is crucial too. Balance is key: tackle debt while setting aside a small savings cushion.Continue reading "Pay Down Debt or Save? How to Prioritize Your Finances" →
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Debt,Frugal Living,Personal
7 min read
are payday loans fixed or variable
5 min read

Are Payday Loans Fixed or Variable? Avoiding Costly Traps

5 min readA payday loan helps when you have short-term money issues. It is usually due on your next payday. These loans have fixed interest rates and can have high fees. It is very important to read the terms and conditions before you agree to a payday loan. Consider other options like personal loans, loans […]Continue reading "Are Payday Loans Fixed or Variable? Avoiding Costly Traps" →
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Debt,Loans,Personal
5 min read
What Happens When You Miss a Payment Near Your Loan’s Maturity Date? - Verified by FangWallet
6 min read

What Happens When You Miss a Payment Near Your Loan’s Maturity Date?

6 min readA loan’s maturity date signifies the due date for the final payment, marking the loan’s completion. Understanding your loan agreement and maturity date is crucial for responsible borrowing. Missing a payment near the maturity date can have repercussions, including late fees and potential credit score impacts. It is essential to communicate with your […]Continue reading "What Happens When You Miss a Payment Near Your Loan’s Maturity Date?" →
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Debt,Guides,Loans
6 min read
how to get out from under a car loan
12 min read

How to Get Out From Under a Car Loan—Fast and Smart!

12 min readHaving negative equity in your auto loan can feel overwhelming, but numerous solutions can help you navigate this challenge. Refinancing your car loan could potentially lower your monthly payments. It might be beneficial to explore the option of selling your car privately or trading it in, but carefully evaluate the financial implications beforehand. […]Continue reading "How to Get Out From Under a Car Loan—Fast and Smart!" →
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Auto,Debt,Loans
12 min read
How to Deal with Tough Debt Collectors and Protect Your Rights - Verified by FangWallet
8 min read

How to Deal with Tough Debt Collectors and Protect Your Rights

8 min readDebt collection can be stressful, but it’s important to know your rights and the laws that protect you. The Fair Debt Collection Practices Act keeps you safe by stopping collectors from being rude or dishonest. You can ask for proof of the debt, tell them to stop reaching out, and report any bad […]Continue reading "How to Deal with Tough Debt Collectors and Protect Your Rights" →
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Debt,Legal,Personal
8 min read
how much is too much credit card debt
5 min read

How Much Is Too Much Credit Card Debt? Warning Signs & Fixes

5 min readHigh credit card debt can lead to financial instability, impacting your credit score and limiting future opportunities. Recognizing the warning signs, such as consistently making minimum payments, is crucial for early intervention. Assessing your debt-to-income ratio and credit utilization provides clarity on your financial standing. Employing strategies like the debt avalanche or snowball […]Continue reading "How Much Is Too Much Credit Card Debt? Warning Signs & Fixes" →
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Credit Cards,Debt,Loans,Opinion
5 min read
how to refinance a personal loan
5 min read

How to Refinance a Personal Loan: When It Makes Sense

5 min readRefinancing can get you a lower interest rate, reduce monthly payments, or help you consolidate debt. It’s crucial to compare offers from different lenders to find the best rates and terms. Before refinancing, check for prepayment penalties on your existing loan and origination fees on the new one. Refinancing might not be beneficial […]Continue reading "How to Refinance a Personal Loan: When It Makes Sense" →
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Debt,Loans,Personal
5 min read
student loan default
4 min read

Student Loan Default: Steps to Get Back on Track Financially

4 min readStudent loan default occurs when you stop making payments for an extended period, typically 270 days. It can severely impact your credit score and financial future. Fortunately, options like repayment plans or loan rehabilitation can help you regain your footing.Continue reading "Student Loan Default: Steps to Get Back on Track Financially" →
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Debt,Loans,Opinion,Students
4 min read
what is a danger of taking a variable rate loan
10 min read

What Is a Danger of Taking a Variable Rate Loan? Why Your Payments Could Rise Unexpectedly

10 min readA variable-rate loan has an interest rate that can change during the loan’s time, unlike a fixed-rate loan. A variable rate usually starts lower than a fixed rate, but it can go up—sometimes a lot—at any time. This means your monthly loan payments can also increase suddenly, making it harder to plan your […]Continue reading "What Is a Danger of Taking a Variable Rate Loan? Why Your Payments Could Rise Unexpectedly" →
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Debt,Guides,Loans,Opinion
10 min read
does a credit line increase affect credit score
9 min read

Does a Credit Line Increase Affect Credit Score? When It Helps and When It Hurts

9 min readA credit line increase can raise your credit score by lowering how much of your credit you use. Asking for a credit line increase might lead to a hard check on your credit report, which could lower your score for a short time. Automatic increases to your credit line, often given to good […]Continue reading "Does a Credit Line Increase Affect Credit Score? When It Helps and When It Hurts" →
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Credit Cards,Debt,Loans,Opinion
9 min read
after tax cost of debt formula
4 min read

After-Tax Cost of Debt Formula: A Simple Guide for Businesses and Investors

4 min readTurning your smartphone into a side hustle: Discover how to leverage your phone to earn extra income in your spare time. Exploring lucrative apps: We’ll explore a diverse range of mobile apps available on platforms like the Google Play Store, highlighting the most popular apps with high earning potential. Unlocking easy earning opportunities: […]Continue reading "After-Tax Cost of Debt Formula: A Simple Guide for Businesses and Investors" →
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Business,Debt,Investing,Opinion
4 min read
disadvantages of paying off debt
5 min read

Disadvantages of Paying Off Debt: Why Keeping Some Debt Could Be Beneficial

5 min readStrategic debt management can be a smart financial move. Good debt can help you build wealth, while bad debt can erode it. Maintaining a mix of debt can positively impact your credit score. Focus on paying down high-interest debt first. Create a sustainable debt repayment plan that aligns with your financial goals. Introduction […]Continue reading "Disadvantages of Paying Off Debt: Why Keeping Some Debt Could Be Beneficial" →
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Debt,Loans,Opinion,Personal
5 min read

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