Does Debt Relief Hurt Your Credit?

Let’s say you’ve decided that debt relief is the right choice to help you pay off your debt. As you learn more about the debt relief process, you start wondering how it could affect your credit score. If it could leave a negative impact, should you still use a debt relief service? Here’s what you need to know about debt relief’s effect on your credit score, plus some tips on improving your score in the long run.

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How Exactly Do Credit Card Companies Make Money?

How Exactly Do Credit Card Companies Make Money?

Almost everyone out there has some experience with a credit card.  Unfortunately, some of us have been sucked into credit card companies’ business models of deception, luring customers into paying high interest rates and late fees. But while interest rates and late fees are key revenue sources for credit card companies, by and large, they’re not exactly predatory practices.

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You’ve Become Debt Free…Now What? Financial Moves That Make Sense

When you’re focused on getting out of debt, most folks get caught up in the process and don’t think beyond achieving that goal.  If this happened to you – don’t worry!  It’s happened to almost everyone who’s successfully eliminated large credit card debts.  But the fact is, if you are consistent and committed to paying off your debt, it will happen. So then what? If you don’t have a plan for what to do with your money once your debt is paid off, it can be all too easy to start a cycle of over-spending that will leave you where you started. Here are several things you need to do once your credit card debt is paid off.

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3 Biggest Mistakes People Make When Paying Off Debt

3 Biggest Mistakes People Make When Paying Off Debt

The decision to get yourself out of debt is a life changer, if you are willing to make the necessary commitment that goes with that.

Getting out of debt involves more than just paying off a few credit cards. It means changing spending habits; learning to how to budget; knowing who and how much you owe; prioritizing debts; creating emergency and retirement funds; and knowing where to find help when you get off track.

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