Debt Forgiveness: Do You Owe the IRS at Tax Time?

Anna Baluch
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If you’re overwhelmed with debt, debt forgiveness may be an option. While it may seem like the ideal way to get out of debt, there are some pitfalls to this strategy. As long as you understand what debt forgiveness is and how it works, you can make an informed decision for your unique situation and… Continue reading Debt Forgiveness: Do You Owe the IRS at Tax Time?

Guide to Finances for Nontraditional Students

Maryalene Laponsie
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  Head to a typical college campus, and you’re likely to see plenty of young adults fresh out of high school. However, they aren’t the only ones preparing for a new career. About a quarter of students enrolled in public, four-year colleges were between the ages of 25 and 34 in 2019, according to the… Continue reading Guide to Finances for Nontraditional Students

Where Employees Have Most to Gain from the New Normal

Richard Barrington
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Now that vaccines are finally being rolled out, Americans and their employers are wondering what the post-pandemic work environment will be like. One thing the past year has demonstrated is how productive working from home can be for some people. Productive enough that working from home may be part of the new normal for many… Continue reading Where Employees Have Most to Gain from the New Normal

7 Ways to Stop Overspending In 2022

Rebecca Lake
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Trying to save money can be challenging. Learn some of the best ways to stop spending money to help you get your budget under control.

Financial Survival Guide for The Coronavirus Pandemic

Richard Barrington
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Worried about how your finances will survive the coronavirus pandemic? See how to handle both short-term and long-term finances in light of this crisis.

Pay Off Debt or Save – What’s More Important?

Geoff Williams
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Should you save money or pay off debt? For total financial health, you want to carry little debt and have savings for emergencies and retirement. But few of us get off to a perfect start. If you’re looking at a pile of debt and no savings, which problem should you tackle first? The answer depends on several factors.

Credit Card Vs Debit Card – Which Is Better?

Erik J Martin
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For disciplined consumers, plastic can be fantastic. A debit card and credit card allow you to make purchases safer and easier without having to carry cash. That begs the question: When should you use a debit card vs credit card?

Debt Statutes of Limitations for Every State

Gina Pogol
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Every state has a statute of limitation under which debts become uncollectible. When a specified amount of time passes, the creditor must suspend collection efforts. The map below shows how many years it takes for a debt to become uncollectible in your state.

Note that some debts like government-backed student loans do not fall under these statutes.

Pay for Delete Letter for Collection Agency Accounts

Gina Pogol
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The only way to improve your credit score when paying a collection (for most credit scoring models) is to convince the agency to delete your account in exchange for payment. Credit experts call this “pay for delete.” You can use this sample letter to create your own note to collection agencies.

Holiday Headaches – Stay Safe While Shopping Online

Erik J Martin
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Online shopping makes it easy to hunt for gifts during the holiday season. But that convenience comes with risks. These include the possibility that you may be swindled by a bad actor or have your identity stolen. That’s why it’s important to practice safe holiday shopping online.

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