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When you struggle with debt, you also struggle with debt collectors. Some may approach their collecting in a reasonable way. After all, the Fair Debt Collection Practices Act (FDCPA) prevents debt collectors from abusing their power. Unfortunately, it still happens. And when it does, you can help yourself by knowing what signs to keep an eye out for. Verbal harassment and threats The Consumer Financial Protection Bureau talks about debt collector harassment and the ways it can manifest. First, it can come in the form

As part of your quest to get out of debt, you want to reframe your relationship with money. What mental tricks should you use to get out of financial quicksand and stay out? U.S. News & World Report offers suggestions that you may find useful. See how these tips may help you overcome credit card debt. Use cash When you use your credit or debit card for purchases, you do not see the money draining from your account. With cash, you watch your stash shrink

If you are facing insurmountable amounts of credit card debt, the first thing that you need is a plan. Having a solid financial plan in place for dealing with your debt will help you get it under control so you can move forward into a stable financial future. One popular method for paying off credit card debt is the avalanche method. According to Experian, the avalanche method is where you start paying off the debt with the highest interest rate first. How does it work?

There are a multitude of “clever” tips and tricks to get out of debt fast, but the reality is that getting out of credit card debt is much more like a marathon than a sprint. Whatever method you choose to deal with your debt, you will be managing the situation for some time. One of the more popular methods for paying off debt is the “debt snowball.” According to Forbes Magazine, with the debt snowball method the debtor tries to pay off the credit card

Whether you are facing a divorce, learn of a partner’s spending habits or are considering how marrying someone with credit card debt may affect your finances, you want to know how Maryland considers debt for couples. As the State Law Library explains, generally, you are able to avoid responsibility for your partner’s debt, but understanding how Maryland considers property for partners and spouses can help you avoid a stressful situation. Joint and individual property In short, you are most likely not responsible for your partner’s

If you are like many Americans, you have higher credit card debt than you would like. On average, credit card holders have $15,000 in debt, according to the Huffington Post. When it comes to any amount of credit card debt, people want to know how to pay it off. How long will it take you to eliminate your credit card debts? Frankly, it depends on your circumstances. Pay off cards in payments When you make payments towards your credit cards, there are a couple of