Debt/Credit

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How to Get Rid of Credit Card Debt: What’s The Best Way For You?

Wednesday, January 30th, 2008

When dealing with credit card debt you really need to take a deep breath and look at your situation with a fresh perspective.  It can seem as overwhelming as climbing Mount Everest but it really needn’t be that painful.  There are a number of things you can do to solve your problems.  The most obvious [...]

How Inflation Affects Interest Rates and Your Finances

Tuesday, January 22nd, 2008

Inflation is what makes your money of today worth less tomorrow.  Borrowers find borrowing money more attractive but it’s less attractive for lenders.  This is why lenders raise their interest rates because they know that the dollars people pay next month are worth less than the money they loan today.
This turns into a vicious cycle.  [...]

What is the Correct Amount of Debt for You?

Friday, January 11th, 2008

Each and every one of has is in a different financial situation so there is no definable “correct” amount of debt.  Luckily there are a few guidelines for those who may be unsure.
Lenders are Taking a Risk - Lending companies will lend you as much as they think you can afford.  Yes, they are taking [...]

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