Credit card debt; almost everyone has some. Unfortunately, too many people are overwhelmed by it. This is a burden that always seems to be with us, no matter how hard we try to overcome it.
We are not born with it. But we catch it, and we can’t seem to shake it loose. In this sense, it is like a disease. A financial sickness with very few remedies. Sure, there are medicines for it. Just keep making your minimum payments and the keep the collectors off your back.
Like most medicines, this attacks the symptoms, but does not provide a cure for the disease itself. It will stay with you, eating away at your financial health. With this disease however, it possibly may not die with you. The credit card companies may attempt to collect from your heirs or your estate when you pass on.
The only debt cure is to eliminate the disease itself. Like any illness, you also will want to take the proper steps to ensure that the disease does not come back. Cut it away, and keep it away, before it manifests into other health threatening effects, […]
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Calgary, Canada 0 A Harris Interactive study finds 40-percent of recent college graduates have over $10-thousand dollars in student loan debt. Over 20-percent owe more than $5-thousand dollars on credit cards before age 25.
The self-proclaimed Financial Voice for Generation 0Y0, James White, says there0s still time to guide our young people away from dollar-disaster. White is a 23-year-old self-made millionaire, the owner of an international empire, a motivational speaker and author of the new book 0My First Million0 (Greenleaf Book Group Press 2008).
0Generation 0Y0 is in some serious money trouble,0 says White. 0My age group spends tens of thousands of dollars to go to college and then owes thousands of dollars more in student loans and credit cards before they get their first paycheck.0
Teenagers and young adults are growing up at a different time of history than their parents or grandparents. They are not growing up in 0the greatest generation0 of depression-fueled frugal spenders. They are not coming of age in the baby boomer 0me0 generation of spendthrifts that use credit to spend without consequence. This group of young adults is watching the American economy hover near recession. Generation 0Y0 […]
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Many people that go off to college never expect to graduate and suddenly have to be terrified by the fact that they collected some big expensive debts while they were there and are responsible now for paying them back.
Debt can build up before you ever notice and especially whenever you are spending years working your tail off during college.
Student loans will cost you after you graduate from college, so being prepared is definitely where it is at and what is going to save you tremendous heartache.
Debt is something that many people have to deal with throughout their lives and getting right out of college can be a scary time for anybody to have to worry about any sort of debt ordeal, there is no doubt about that.
Paying back student loans that were collected during the time that you were in college can be very scary but knowing what to expect whenever that time does come is always better than not being familiar with it.
These loans can be quite substantial, to say the very least but as long as you always make your payments promptly and in a timely manner, you will be just fine and will […]
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