Tag #Personal Finance

Showing 25 to 36 of 143 results

cbsnews.com
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Six Steps to Manage Maxed-Out Credit Cards

This article details six steps to manage maxed-out credit cards: stop using them, review payments, explore balance transfers or debt consolidation loans, consider debt management plans, create a crisis budget, and consider supplemental income.

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36% Bias Score

No Poverty
forbes.com
🌐 75% Global Worthiness
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Balancing Student Loan Debt and Savings for Recent Graduates

Recent graduates should balance student loan repayment with saving for emergencies, prioritizing high-interest private loans first and exploring income-driven repayment plans and loan forgiveness programs to manage debt while building savings via high-yield accounts and CDs.

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36% Bias Score

No Poverty
theglobeandmail.com
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Canadian Homebuyers Face Down Payment Dilemma Amidst Trade War Uncertainty

A Canadian couple considering an $850,000 home faces a down payment dilemma: a minimum $60,000 payment yields higher monthly costs ($4,317.33) and interest ($152,550.08), while a 20% down payment ($170,000) lowers these to $3,684.64 and $135,999.30 respectively, but impacts savings; a longer amortiz...

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44% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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Banks' Fossil Fuel Financing: \$705 Billion Investment in 2023 Fuels Climate Concerns

The world's 60 largest banks invested \$705 billion in fossil fuels in 2023, furthering expansion plans despite climate warnings; personal savings indirectly contribute through various financial instruments; green alternatives are emerging but face challenges in transparency and regulation.

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36% Bias Score

Climate Action
cbsnews.com
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High Credit Card Rates Spur June 2025 Debt Consolidation Push

High credit card interest rates (around 21% in June 2025) and the availability of lower-rate alternatives like home equity loans/HELOCs (around 8%) make debt consolidation an advantageous strategy to reduce interest payments and improve financial health, particularly given the daily compounding natu...

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52% Bias Score

Reduced Inequality
cbsnews.com
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Debt Forgiveness: Immediate Relief, Long-Term Credit Impact

Debt forgiveness, while offering relief from high-interest debt, lowers credit scores due to the "settled" status reported to credit bureaus; however, this impact is temporary and recoverable with responsible financial behavior.

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48% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Slight Credit Card Interest Rate Dip Offers Limited Relief Amidst High Debt

Credit card interest rates have fallen slightly from a record high of 23.37% to 21.37%, offering limited relief to consumers with an average debt of $8,000; further gradual decreases are anticipated, but proactive debt management strategies are recommended.

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52% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Debt Consolidation vs. Forgiveness: Which Saves More?

Millions of Americans struggle with high-interest credit card debt, leading many to explore debt consolidation or debt forgiveness; debt consolidation offers lower interest rates and improved credit, while debt forgiveness reduces the principal balance but severely impacts credit scores.

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48% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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High US Credit Card Debt Demands Action: Four Relief Options Explored

High US credit card debt, totaling over \$1 trillion, is up 6% year-over-year despite a slight recent decrease; four debt relief options are presented: balance transfers, debt consolidation loans, debt management programs, and debt forgiveness.

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40% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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High Credit Card Interest Rates Drive Consumers Towards Debt Forgiveness

US credit card debt totals \$1.18 trillion, up 6% year-over-year, with interest rates exceeding 21%, leading some to consider credit card forgiveness as a solution due to high rates and long processing times (24-48 months).

Progress

48% Bias Score

No Poverty
cbsnews.com
🌐 65% Global Worthiness
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Four Debt Relief Moves to Make Before June 1, 2025

With average US credit card debt at \$8,000 and interest rates near 23%, many are seeking debt relief before June 1, 2025; this article suggests four steps: budget reevaluation, realistic debt assessment, exploring debt relief options, and gathering required documentation.

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40% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Debt Forgiveness: Credit Score Impact and Long-Term Effects

Debt forgiveness, while offering debt relief, negatively impacts credit scores by marking debts as "settled," affecting future borrowing; however, responsible financial behavior can mitigate the long-term effects.

Progress

56% Bias Score

Reduced Inequality

Showing 25 to 36 of 143 results