Archive for: November 2013

Why your car insurance company might break up with you

If your car insurance company considers you a high-risk or deadbeat driver, it may break up with you by canceling your coverage. As with any relationship, it’s wise to know ahead of time what those deal-breakers are and how to get yourself back out on the market should you find yourself without auto insurance.

 

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Debit cards vs. credit cards

Putting something on “plastic” used to mean one thing—using your credit card.  But these days, debit cards are also a big part of the “plastic” world. Do you know the differences and which one is better for you?

 

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How to Dispute Your Debt with a Debt Collector

You’re contacted by a debt collector. You don’t agree that you owe that much — or anything at all! What to do next to save your credit from crashing?

Send the debt collector a letter disputing it within 30 days of the debt collector’s initial contact with you. After the debt collector receives your letter of dispute letter, he must either provide you with written proof of the debt or cease all communications with you.

 

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What Debt Collectors Can’t Do to Recover Your Debts

Knowing what debt collectors cannot do to collect a debt from you may help you deal with and protect you from their approaches to debt collection.

The Fair Debt Collection Practices Act (FDCPA) is the federal law that governs debt collection for personal, household, and family debts like your mortgage and car loan, other personal loans, your credit card debts, past-due utility bills, past-due student loans, medical and insurance debts, condo fees, unpaid legal judgments against you, and bounced checks. The FDCPA applies to outside debt collectors, but not to a creditor’s own in-house debt collectors (meaning debt collectors who are employees of a creditor).

 

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Sinking in Debt: How to Keep Your Head Above Water

When you search the web for “how to get out of debt?” It seems many have a secret recipe to doing it fast. A blitz occurs on your monitor with thousands of articles containing the secret, the five easy steps, the 30-second guide, or (my favorite one) “the real secret.” But if it’s so simple, then why are there still so many Americans drowning in debt?

My opinion? We are not approaching this debt issue the right way. I’ve been there before — time for a change! You are motivated to pay off all of your credit cards once and for all. You make a plan, you stick to it, and you do it. You are very proud of yourself and you finally have some extra money to breathe and not feel tight every month. But a couple years pass by and suddenly you find yourself in the same situation or worse than before.

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What Lifestyle Can You Afford on $50,000?

The median household income in the United States has hovered just over $50,000 for the past few years, according to research from the U.S. Census Bureau. But the lifestyle you can afford on that income varies significantly depending on where you are, as anyone who lives in New York City or San Francisco can tell you. It’s not just housing prices that vary, the cost of everything from eating out to getting around can fluctuate a lot from one place to another. Here’s how far $50,000 goes in eight cities across the country — from Huntsville, Alabama, to Los Angeles.

 

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The Relationship Between a Healthy Lifestyle and Healthy Finances

Healthy finances and a healthy lifestyle go hand in hand. If your bank account and budget are in good shape, chances are that your health is in pretty good shape, too. Here’s why:

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6 credit mistakes moms make

When my daughter was little, she didn’t always like my decisions, but she thought I was perfect. Now that she’s older, she knows Mom can mess up – including credit mistakes.

 

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Top Facts About Credit Repair Services

Good credit plays a vital part in getting the money you need to make major purchases, whether you are buying a new home, a new car or securing a credit card. But for many Americans, past trouble in paying off debt or mistakes by credit reporting agencies can lead to lower credit scores, which ultimately limits your ability to secure credit.

If you are one of millions of Americans who have negative events on their credit reports, one option to improve your credit score is to work with credit repair services.

 

 

 

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Identity theft: How to Protect Yourself Now

There’s a lot of advice about how to deal with identity theft around these days – some helpful, some unrealistic, and some a little ridiculous. We’ve done the research for you and present the following easy-to-do, indispensable steps. These items should be considered MUST-DOs if you’re serious about minimizing the effect identity theft can have on your life.

 

 

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