Best of Money Carnival: Reduce Debt Faster Style!
While we have hosted many other great carnivals in the past, this week at Reduce Debt Faster we are extremely proud to host the Best of Money Carnival. If you have not heard of this carnival, then you are certainly in for a treat. The best of money carnival is one of the most exclusive, highest quality personal finance blog carnivals around. Best of Money receives tons of great submissions every week, and only the 10 best personal finance articles are selected.
Choosing the best ten articles for this week was incredibly difficult. There were so many great submissions and I literally spent hours reading great articles and new blogs about finance, insurance, debt, investing and everything related to money and personal finance. It was tough to narrow this list down to ten, but here is the winner followed by the rest of the best of the best, in no particular order. Continue Reading »
Debt Reduction Programs – Pros and Cons
If you carry any debt at all, then chances are you have noticed hundreds of advertisements for different debt reduction programs. Of course, most of these advertisements seem too good to be true and they often contain contradicting information.
Unfortunately, most of the advertisements usually are too good to be true. Still, if you need debt reduction help, there are legitimate ways to get the help you need. Let’s take a look at a few of your options to reduce debt, along with the pros and cons of each.
Debt Management Plans
A debt management plan is one form of debt reduction plan that is available through a credit counseling agency. This can be a good option for you if you have very high interest rates or are having trouble paying much more than the minimum payments on your credit cards. If you have fallen behind and have late fees or over limit fees, a debt management plan or DMP may be even more helpful. Continue Reading »
Great Debt Reduction Articles and Tips: Another Carnival
For the second time, we are proud to be the host for this week’s carnival of debt reduction. This carnival is all about reducing your debt, so articles that were off topic and did not follow the submission guidelines may have been left out.
If you are looking for debt reduction help, have a look at the fantastic articles from these very talented personal finance bloggers. You’ll find inspirational personal stories of debt, as well as some great tips on how to create your own debt reduction plan from people who have already done it on their own, as well as a few words of advice on debt reduction programs.
Here are the best submissions from this week’s carnival. Continue Reading »
Why Dave Ramsey is Wrong About Debt Reduction Help!
Hundreds of thousands of people around the world struggle with credit card debt and are trying to find a path to become debt free. While some have the ability to pay off debt on their own, many others understandably need a little bit of help in the form of some type of debt reduction programs. According to personal finance “expert” Dave Ramsey, people who seek debt reduction help are wrong and lazy!
When I first read Ramsey’s comments, I was furious. In my opinion, his remarks were offensive, belittling, and even ignorant. Ramsey’s commentary likely discourages many people who do need help from ever seeking it, perhaps causing many to give up and continue living the debt trap. Continue Reading »
Credit Card Relief Resources
For those of you looking to get credit card relief, you’ve come to the right place. Today, we are pointing you to several resources around the web that can help you on your journey to get relief from your debt. Have a look at these, and of course be sure to look around the entire site here as it is your number one source for getting out of debt!
Over at the Digerati Life, a great guest post talks about getting a financial education when you did not receive one in school or when you were younger. This brings up a very interesting point, as almost no one receives the financial education they need while growing up. Maybe that’s why the economy is where it is today…
At Get Rich Slowly, the writers continue to pump out great articles on personal finance and debt. Check out this article about how to use money as a tool. This will help you get a new perspective on how money can help you rather than being spent and thrown away frivolously. Continue Reading »
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