Credit and Debt - 360 Degrees of Financial Literacy http://www.360financialliteracy.org/Topics/Credit-and-Debt en-US Spring Cleaning Your Debt http://www.360financialliteracy.org/Topics/Credit-and-Debt/Debt/Spring-Cleaning-Your-Debt http://www.360financialliteracy.org/Topics/Credit-and-Debt/Debt/Spring-Cleaning-Your-Debt In addition to typical spring cleaning tasks, you may want to take this time to focus on your finances. In particular, now may be as good a time as ever to evaluate your debt situation and try to reduce and/or eliminate any debt obligations you may have. The following are some tips to get you started.

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Wed, 23 Apr 2014 13:23:12 EDT
I recently came across an error on my credit report. Is there any way I can fix it? http://www.360financialliteracy.org/Topics/Credit-and-Debt/Credit-History-and-Reports/I-recently-came-across-an-error-on-my-credit-report.-Is-there-any-way-I-can-fix-it http://www.360financialliteracy.org/Topics/Credit-and-Debt/Credit-History-and-Reports/I-recently-came-across-an-error-on-my-credit-report.-Is-there-any-way-I-can-fix-it Read the Answer »

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Fri, 16 Aug 2013 14:01:44 EDT
I recently incurred a significant amount of credit card debt. How should I begin to pay it off? http://www.360financialliteracy.org/Topics/Credit-and-Debt/Credit-Cards/I-recently-incurred-a-significant-amount-of-credit-card-debt.-How-should-I-begin-to-pay-it-off http://www.360financialliteracy.org/Topics/Credit-and-Debt/Credit-Cards/I-recently-incurred-a-significant-amount-of-credit-card-debt.-How-should-I-begin-to-pay-it-off Read the Answer »

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Wed, 14 Aug 2013 18:56:39 EDT
Income-Based Repayment (IBR) for Federal Student Loans http://www.360financialliteracy.org/Topics/Credit-and-Debt/Loans/Income-Based-Repayment-IBR-for-Federal-Student-Loans http://www.360financialliteracy.org/Topics/Credit-and-Debt/Loans/Income-Based-Repayment-IBR-for-Federal-Student-Loans The federal government's income-based repayment program (IBR) for student loans allows qualified borrowers to tie their monthly federal student loan payments to their discretionary income. A new version of the IBR program called "Pay As You Earn" took effect on December 21, 2012 (it was originally scheduled to be phased in during 2014, but the Obama administration took regulatory measures to make it available sooner). The potential for IBR to change the landscape for college borrowers is enormous. According to the U.S. Department of Education, as of last October, about two million borrowers had applied for IBR.

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Tue, 14 May 2013 12:35:58 EDT
Is It Time to Refinance Your Auto Loan? http://www.360financialliteracy.org/Topics/Credit-and-Debt/Loans/Is-It-Time-to-Refinance-Your-Auto-Loan http://www.360financialliteracy.org/Topics/Credit-and-Debt/Loans/Is-It-Time-to-Refinance-Your-Auto-Loan Are you thinking about refinancing your auto loan? Perhaps you purchased a car a few years ago when interest rates were higher. Or maybe you recently financed your car through a dealership, but now you've found a much better interest rate through your bank or credit union. It's possible that your credit has improved since you took out your auto loan, and you believe you could qualify for a better interest rate. Whatever your reason, refinancing your auto loan at today's low interest rates could save you a significant amount of money, and it's generally easy to do.

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Tue, 18 Sep 2012 13:29:09 EDT
Debt Payoff Strategies http://www.360financialliteracy.org/Topics/Credit-and-Debt/Debt/Debt-Payoff-Strategies http://www.360financialliteracy.org/Topics/Credit-and-Debt/Debt/Debt-Payoff-Strategies In these uncertain economic times, you may be thinking of reducing your debt load. There are a number of strategies for paying off debt that you might consider. However, before starting any debt payoff strategy (or combination of strategies), be sure you understand the terms of your debts, including any penalties for prepayment.

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Tue, 10 Jan 2012 14:58:17 EST
How Student Loans Impact Your Credit http://www.360financialliteracy.org/Topics/Credit-and-Debt/Credit-History-and-Reports/How-Student-Loans-Impact-Your-Credit http://www.360financialliteracy.org/Topics/Credit-and-Debt/Credit-History-and-Reports/How-Student-Loans-Impact-Your-Credit Your student loans can have a big impact on your credit score and credit history. Establishing a good repayment record and paying down your student loan debt is important if you want to obtain new credit.

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Fri, 22 Jul 2011 01:41:31 EDT
Advantages and Disadvantages of Credit Cards http://www.360financialliteracy.org/Topics/Credit-and-Debt/Credit-Cards/Advantages-and-Disadvantages-of-Credit-Cards http://www.360financialliteracy.org/Topics/Credit-and-Debt/Credit-Cards/Advantages-and-Disadvantages-of-Credit-Cards Read More »

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Fri, 22 Jul 2011 01:34:55 EDT
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Fri, 06 Aug 2010 19:00:36 EDT
Understanding merchant rewards programs http://www.360financialliteracy.org/Topics/Credit-and-Debt/Credit-Cards/Understanding-merchant-rewards-programs http://www.360financialliteracy.org/Topics/Credit-and-Debt/Credit-Cards/Understanding-merchant-rewards-programs Offered by merchants of all types, rewards programs are marketing tools that encourage brand-loyalty purchasing through price discounts, bonus points and/or coupons toward future purchases, donations to your favorite charity and even cash rebates. Sometimes the programs can be extremely complex; here we try to simplify it.

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Thu, 29 Jul 2010 12:55:47 EDT