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Debt Consolidation

Will Your Kids Inherit Your Debt?

By Jason Alderman Many people finally get around to writing a will in order to safeguard their assets for their heirs. But what if you’ve got the opposite problem: Your nest egg was decimated by the recession, bad investments, or simply living longer than expected and now you’ve got a mountain of bills you can’t pay off. Will your kids inherit your debts after you die? The short answer is, …Read More

How to Handle Student Loan Debt Collectors

By Lauralynn Schueckler When you default on a student loan, the government will usually hire debt collection agencies to collect on these loans. It’s not quite as straightforward as you might like to think, to try and get this loan to just disappear. The collection agencies are sometimes known to twist their words around to get what they want, while leaving you confused and hanging. Everyone needs to be aware …Read More

Debt Consolidation vs. Debt Settlement vs. Debt Management Program

By Lauralynn Schueckler Debt consolidation typically involves taking out a lower interest loan to pay off multiple high interest secured, or unsecured debts such as credit cards. The lowest interest rate consolidation loan is generally secured against the borrower’s assets such as a home or a car. Because credit card debts have such high interest rates, even an unsecured consolidation loan can significantly reduce the borrower’s monthly payment. With so …Read More