Debt Management for people with debt problems


	“A wise person has the capacity to choose the best means to obtain a goal. Being wise implies broad knowledge, learning and experience, and the ability to apply such faculties to practical ends.”


	*The Knowledge Knot*


		*Ensure more money stays in your Pockets!*

			Debt; everyone gets into financial debt; the question is, Can You live with that debt? To find out how to reduce your financial debt, click on the links below.


	Did You Know

If you are denied credit based on information in your credit report, you have 60 days from the day you receive a denial notice to request a free copy of your credit report.

An amendment to the U.S. Fair Credit Reporting Act (FCRA) entitles you to receive a free credit report once per year, with no strings attached.

If you are a credit card customer in good standing, you can request a lower interest rate.

The key to getting yourself out of debt is Sacrifice and Discipline. Click the links above for more information.

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	Managing Credit Tips

Know your limits. If you have a tendency to overspend, limit your extravagances by relying on paper currency instead of plastic.

Use your savings account to pay down debt. It makes no sense to earn 1 to 3% interest on your saving account while paying 12 to 18% interest on credit cards.

Add up all the money in finance charges each month on your credit cards, and think about what you could do with this money if you weren’t paying it to the credit card company.

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