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Congress Passes Relief for Student Loan Borrowers in CARES Act

Titan Consulting

Congress recently passed legislation in the CARES act that provides direct and indirect benefits to Federal Student Loan borrowers. Benefits include a suspension of payments, no negative credit reporting, no collection activity, and no accrual if interest until September 30, 2020. Help Available for Borrowers with Student Loans.

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What Happens If You Ignore Your Student Loans?

Credit Corp

Ignoring student loans can damage your credit score, lead to wage garnishment, and accrue interest and fees. It may also result in legal action, tax refund offsets, and impact co-signers, making it crucial to address repayment issues promptly with your loan servicer. What Happens If I Don’t Pay My Student Loans?

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Seven Ways to Get Out of Debt in 2022

Better Credit Blog

Debt is the amount of money you owe to a lender or creditor. Some examples of debt are mortgages, credit card dues, and personal loans. Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. What Are the Strategies to Get Out of Debt?

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Pros and Cons of Income-Driven Student Loan Repayment Plans

Credit Corp

Student loans are by far some of the biggest issues most students are facing today when it comes to finances. To get the kind of education you want, you will probably need to take out a student loan to pay for the studies – and then spend years if not decades paying back such loans. 1 Pro: Good for Unemployed Individuals.

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Should I Pay Off My Credit Card in Full or Leave a Small Balance? 

Credit Corp

Making mistakes regarding how you use your credit cards can lower your score, raise your interest rates, and make it difficult to get a loan. In addition to learning how paying your balance affects your credit score, youll also learn the best ways to pay down your credit card debt. You may have a lower interest rate as well.

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How to Pay Off Credit Card Debt Fast: 9 Smart Strategies

Credit Corp

Table of Contents: Create a Budget Try the Debt Snowball Method Use the Avalanche Method Get a Balance Transfer Card Build Your Emergency Fund Negotiate a Debt Settlement Start Using Cash Increase Your Income Take Out a Debt Consolidation Loan 1. Then, you only have to make your monthly loan payments.

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Can I Settle My Credit Card Debt Myself?

Titan Consulting

Carrying large amounts of unsecured debt is a sign of financial stress, even if you are making regular monthly minimum payments on all your accounts. Personal loans, credit card debt, payday loans, or medical bills all fall into the category of unsecured personal debt. How to Negotiate Your Debt?