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Should I Consolidate My Debt?

The average American is carrying $5,540 in credit card debt, according to an analysis of Federal Reserve data by CreditCards.com. Among those who usually carry a balance,

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What Is a Balance Transfer (and Should I Consider It)?

If you’re struggling with high-interest debt, a balance transfer credit card could be the solution to your problem. By moving balances from your high-interest credit cards to

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Is Low-Interest Debt ‘Good Debt’?

For the past several years, the United States has been in a period of very low interest rates on many types of loans. Home loans

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Four Steps to Get Your Credit Back on Track Within a Year

Having bad credit is a bad feeling. Maybe you pulled your credit report for the first time and got some bad news. Or maybe you had good

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How and Where to Get a Personal Loan

Personal loans can be a useful tool to help you get your finances back on track. When you’re swimming in high-interest credit card debt, for instance,

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You Can Improve This Part of Your Credit Score Almost Immediately

Last week, we discussed how the way you pay (or don’t pay) your bills has the single biggest impact on your FICO and VantageScore credit scores. A close

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How to Deal with a Debt Collector: Your Consumer Rights

The effects of the Great Recession still linger in certain parts of the country, and in specific industries. But even before the financial crisis of

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Debt Diaries: Real-Life Stories of Debt, Bankruptcy, and Recovery

A house? A family? Retirement? Please. For millions of millennials saddled with debt, just thinking about these milestones of adulthood is a luxury. Before any

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Debunking Four Common Credit Myths

The quality of your credit reports and credit scores has become more important than you’ll ever know. Your credit reports and credit scores can impact

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Student Loan Deferment and Forbearance: What They Mean and When to Use Them

When it comes to student loan debt, there are myriad ways to pay it down and pay it off. You can go about it the

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Rebuilding Your Credit After Bankruptcy

People tend to think of bankruptcy as the financial equivalent of breaking a mirror — seven years’ bad luck. And while bankruptcy is no walk in

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Could You Walk Away From Your Debt?

Some time back, noted former investment banker and entrepreneur James Altucher suggested millennials deal with their debt woes using one simple and elegant solution: Just

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Five Steps You Should Take Immediately After Doing a Balance Transfer

If you’re tired of struggling to pay off high-interest credit card debt, performing a balance transfer can be an extremely smart idea. With a balance transfer

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Six Numbers You Need to Know to Actually Get Out of Debt

Just like there are many ways to get into debt, there’s more than one way to dig yourself out. Where some people focus on the

Citi Diamond Preferred Review

Whether you’re considering a balance transfer to pay down debt or want to spread out payments on a large purchase you’ve been planning to make,

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Two-Sided Coin: Is Debt the Devil?

This is the third in a series of posts called the “Two-Sided Coin,” where TSD’s Jon Gorey and Holly Johnson take opposing viewpoints on personal finance

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Six Surprising Tools to Get Out of Debt

If you’re in debt and desperate for a way out, those first few steps can feel overwhelming. Not only do you have to face the

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Credit Repair Manual

If you have poor credit, it’s easy to be tempted by promises of quick fixes. Perhaps you’ve heard radio ads that say they can make

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