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8 Kinds of Debt You Can’t Lose in Bankruptcy

8 Kinds of Debt You Can't Lose in Bankruptcy by TaxACT

When people go through a financial crisis, sometimes bankruptcy is the best or only solution. For example, when someone has insurmountable debts, often due to one-time events such as divorce, catastrophic illness, or business failure, bankruptcy may be the best way to overcome debt that person has no way of ever paying back. By “bankruptcy,” […]

Weekly Favorites: Don’t Get Sucker Punched By Your Own Debt Denial, plus more

TaxACT Weekly Favorites - October 18, 2013

TaxACT Weekly Favorites:  October 18, 2013 Don’t Get Sucker Punched By Your Own Debt Denial via Jeff Rose “Oh, we don’t have that much debt. Our house is paid off. We don’t have that many consumer loans.” These famous last words were uttered by a couple who had come to me for help with retirement planning. Or […]

Should You Be Using Cash or Credit?

Should You Be Using Cash or Credit - TaxACT

Should I use cash or credit? This is a question that many consumers are asking because of the current economic uncertainty in our nation. In fact, revolving credit—largely made up of credit card debt—fell by nearly 20% last year according to the Federal Reserve. Credit card usage is definitely slowing due to less borrowing by […]

The 7 Basics of Personal Finance Management

The 7 Basics of Personal Finance Management

Have you started managing your personal finances? Need some actionable tips you can put to use today?

You don’t need to start earning a six figure salary or own a business spanning several states before you start managing your personal finance. In fact, if you delay, you might never achieve your financial objectives.

Here are the basics you need to know and practice.

A Little Known Secret to Save Your Credit

Using Debt Consolidation Loans to Save Your Credit

Unlike your traditional loan, debt consolidation loans are used to pay off outstanding debts. All of your debt is added up to create the amount.

Instead of paying a number of different creditors each month, you take out one big loan and pay off all those accounts. Then you make a single payment on that loan once a month.

Although it is possible to use debt consolidation loans for debts that are already on your credit report, it is better to use this option before the debt goes to your credit, in order to save it.

Pay Off Debt: 5 Tools to Help You Become Debt Free

5 Tools to Help You Beat Debt Fatigue - TaxACT

Are you currently trying to pay off debt? If you just started the journey, it can be quite exciting can’t it? All you can think about is being completely debt free and you dream of the day that it actually happens. Every extra penny that you earn is set aside to pay off your debt […]

Home Mortgage Tips: Don’t Do These 6 Things

Home Mortgage Tips: 6 Things NOT to Do to Maximize the Value of Your Loan - TaxACT

Have you just recently put an offer on a new home? Are you in the process of shopping around for a lender? Here are 6 home mortgage tips, Do Not’s, on how to make smart moves as you prepare to buy a home or even when you want to maximize your money during a refinance […]

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