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What’s the Difference??
With regards to debt, there are two terms you should be aware of: secured debt and unsecured debt. If you have credit card debt and own a home, you may have contemplated taking out a HELOC (Home Equity Line of Credit) to pay off your credit card debt. Knowing the differences between secured debt and unsecured debt will show you why taking out a HELOC to pay off credit card debt is a bad idea...FULL STORY
Don’t Be Discouraged, Don’t Increase Your Debt - Each Day is a New Beginning
Any amount of debt will seem insurmountable! It may seem as if it’s impossible to pay off that debt or save money. This may cause you to continue to spend money. If
you have $10,000 in credit card debt, you may say to yourself, “Oh, what’s another $1,000 in debt?” That’s the problem – first
you must realize that your debt has to stop growing and that any additional amount of debt is a negative! It may sound obvious,
but to take charge and change your spending habits once and for all takes a lot of courage! So how can you achieve this goal
in the New Year...FULL STORY