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Tip of the Day Make Your Home More Energy Efficient

Make Your Home More Energy Efficient - There are many ways to save money around your home. These can range anywhere from insulating your hot water tank to prevent...

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Consolidate My Debt

How can I consolidate my debt?  Is there one right method to consolidate my debt?  Are there things I should stay away from to consolidate my debt?  These are most likely a few of the questions you are asking if you find yourself in a debt situation.  The first thing you want to do if you are having trouble with debt is to examine your current situation.  If you have creditors hounding you there are less choices than if you are acting before this stage.  The key to solving any debt problem is to act before things get out of your control.  If you feel that control has already slipped away the solutions will alter. 

When you act is imperative regarding the solutions.  Consider this first example: person A was having a tough time making payments, but each month person A just managed to slip by without making a late payment.  Figuring that changes had to be made, person A sought a debt management company

Now consider person B. This person has months of late payments, and has now moved to completely skipping payments on three debts.  The companies you have credit cards with, lines of credit, and bank accounts all report to the credit bureau.  They may report every month or every three months.  Each time you miss a payment they will record this and then report it to the agency.  It makes the solution to ‘consolidate my debt’ difficult.  Most banks are not going to work with you.  They will look at your failure to make payments as too high a risk whereas person A would be a good candidate for any consolidation options.

If you want to know how to ‘consolidate my debt’, you need to look at what options you have left for the situation you are in.  If banks will not deal with you and creditors are not willing to deal you have one option.  Hire a debt management company to work a deal.  They can do so quickly and at least buy out your debts to make payments that will work for you. 

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Definition of the Day Little Board

Little Board - Little Board is a slang term referring to the American Stock Exchange (AMEX). It also described any exchange that is not the New York Stock Exchange (NYSE). Little board was to refer to the New York Consolidated Stock and Petroleum Exchange, which closed its doors in the...

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