Intro: low or no debt
Why You Need a Pragmatic Debt-Free Date
MsFinancialSavvy.com
by Lois Center-Shabazz
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The Definition of Debt-Free or Low-Debt
Paying down bills or credit to achieve peace of mind and financial bliss.
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Examples of Predatory Debt
Part of the problem is predatory debt, such as high interest loans, bad home loans, oversized student loans. Too much credit card debt. Research best loans first.
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Debt Versus Credit
Some quality credit is necessary. Predatory forever debt is not. Plan for the beginning and end.
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Excessive Debt Problems
Excessive debt causes high anxiety and stress. It also causes loss of assets during health or financial catastrophes.
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Debt to Asset Ratio
An important calculation. When low, it will tell that you can afford the debt you seek.
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Most Predatory Loans
Most predatory loans are high interest loans, high balance student loans, high interest car or home loans.
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To Get Debt-Free
You must first understand how high debt negatively impacts every aspect of your life.
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Tools to Get Out of Debt
Get out of debt with debt-free calculators, amortization calculators, mortgage calculators and really smart shopping.
Get Debt Free With Tools
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What is Debt - Buying
Debt- buying is when a credit collection agency buys debt for later profit. Afterwards they sell the debt for a fee. One debt account can be sold over and over, from agency to agency.
Understand Debt Buying
Collection agencies buy debt for profit
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What is Zombie Debt
A zombie debt example is when a $2000 debt is sold so many times in 20 years that the balance reaches $20,000. The original owner of the debt is still responsible.
Zombie Debt is Sold Over and Over
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Learn all of the details of Getting Debt-Free Now. -Lois
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