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16 May 2011

Reducing Debt by Earning on the Side

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Reducing Debt
If you’re in debt then this will be because you didn’t have the money you needed to pay for something. Whether this is a car, a house or anything else at some point you will have found yourself with insufficient funds to make a purchase or pay some bills. Now if nothing has changed since then, that would suggest that you still don’t have the funds available to pay off your debt and thus you are paying it back very gradually while it gets bigger and more expensive. Meanwhile you might find you struggle with these repayments too and that over time this gets worse.
In other words if you don’t change the balance so that you earn more than you owe then you will never be successful reducing debt, or at least it won’t be an easy task. Thus you need in these scenarios to find a way to earn more money thereby leaving the left over income for reducing debt.
Of course earning more money and reducing debt isn’t as easy as that – and most people would love a promotion right now but aren’t able to get one. So what can you do?
 
One answer is to start …

22 March 2011

Best Debt Consolidation Companies 2011

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Best Debt Consolidation Companies 2011
Debt consolidation means essentially taking out a single loan in order to pay off a range of your other loans. This is incredibly useful for those with debt problems for many reasons. Firstly this means that you don’t have to keep track of a range of different debts – you owe one company money and that’s all. Once you’ve paid off that loan you’re then free and there’s only one day each month when money comes out of your accounts. At the same time though debt consolidation also means that you can choose a loan with good interest rates. This interest rate might be better than those for the loans that you currently owed and that then means that you will be able to pay back a smaller total amount that you had to before. Often the debt consolidation company will also be able to offer you a more flexible loan repayment schedule too and this will mean that you can pay back the loan as and when is convenient and in smaller lump sums allowing you to generally forget about it.
If you are looking for debt consolidation companies for 2011 then, this might be a …

17 March 2011

What is Debt?

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What is Debt ?
We all hear a lot about debt whether it’s from debt consolidation companies, our banks or our friends and relatives who perhaps are struggling with it themselves. It seems everyone these days has debt whether it’s your average Joe, large corporations or even countries… but what is debt? And what does it mean?
Essentially the easiest way to answer the question ‘what is debt’ is to describe it as an amount that an individual or organisation owes to a lender. When we are in someone’s debt it means that they have done something for us and we need to repay them, and we often use this in a colloquial manner when someone does us a favour. However in finance that debt refers to money, and we will usually owe this to an organisation such as a bank or a mortgage company. In this situation that loan will normally come with interest and that will mean that the debt grows over time and this is how the loan companies make their money. To those businesses we are an investment in much the same way you might put your money into stocks and shares, a property, or a savings …

13 January 2011

Welcome To Debt And Us

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Welcome to Debt and Us. We hope you will enjoy our website and give us a lot of feedback. Thanks

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