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Roslyn Lash, AFC®
Roslyn Lash, AFC®
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GreenPath (NFCC)
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All Questions: Debt
NewPosted September 24, 2016

A rule of thumb is that monthly personal debt repayment should be less than 10% of monthly net income. Based on your description, it appears that your...

NewPosted September 23, 2016
GreenPath (NFCC)

GreenPath (NFCC)

NFCC Certified Credit Counselor

I would contact the St loan lending company depending on the type of loan sometimes you can work an income based repayment plan and after 9 months of ...

NewPosted September 23, 2016
GreenPath (NFCC)

GreenPath (NFCC)

NFCC Certified Credit Counselor

When and if they go to a collection agency then they may show up on your credit report at that time. You can contact the collection agency yourself o...

NewPosted September 23, 2016

No. Very bad idea. I wouldn't think about it. You'll lose a good chunk of it to taxes and penalties. What you should do is call your creditors to let ...

NewPosted September 23, 2016
Clearpoint Credit Counseling Solutions

Clearpoint Credit Counseling Solutions

NFCC Certified Credit Counselor

Good question. You should compare the return on the investment to the interest paid on the debt. You can also contact your creditors to see if they c...

NewPosted September 22, 2016

If you have any debts with balances under $500, pay those off first. Next, pay the debts beginning with the highest interest rate cards. Visit //Power...

NewPosted September 22, 2016 · New York, NY

Why do you think you can lower your debt by getting even more credit? You lower your debt by paying it off and and spending less.

NewPosted September 22, 2016

Since the interest rate and balances are relatively the same, pay off the debt that you can eliminate the fastest. Therefore, if using the $400 to pa...

NewPosted September 22, 2016 · Miami, FL

That's not a good idea. Since you are under the age of 59 1/2, you will pay a 10% on the amount borrowed plus you'll pay income taxes which could equ...

NewPosted September 21, 2016 · Portland, OR
Eric Jorgensen

Eric Jorgensen

CFP®, ChFEBC
  1. A debt consolidation loan can be a good idea IF you have changed the habits that got you into debt. However, if you're still spending the same way,...
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