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Dave is in a CCCS Credit Counseling Program But Feeling Hopeless

“Dear Steve, Family of 4 (13 yr & 12 yr girls). My salary = $112K, wive’s salary = $40K. Total Assets $292K (liquid $10K, autos $9, house $200, 401K $73K). Total Liabilities $204K (mortgage $112, home equity loan $41K, credit cards $24K, 401K loans $22K, auto loan $5K). Net worth = $88K. . .plummeted 35% …

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Teresa Writes In “I Have Too Many Credit Cards”

Teresa “Dear Steve, I have too many credit cards. Where do I start to get rid of them? Teresa” Dear Teresa, Credit cards don’t magically appear in our wallets or purses. They appear because we have done something or participated in some process to agree to these credit instruments. The first step to get rid …

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Keith Writes in And Wants To Know “Should I Consider Debt Consolidation For a Fee?”

Keith “I have $30,000 in credit card debt plus $160,000 in home loans and business loans. Should I consider debt consolidation from a company that charges me a fee each month?” Keith, Excellent question and my answer may surprise you, Yes! Nonprofit credit counseling programs brag that many of them are free or at a …

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Eva Has Heard Negative Things About CCCS

Eva “Dear Steve, My husband and I just bought a home and besides the mortgage, we are in debt for $26,000. I called up my credit card companies and they said they aren’t offering lower rates to customers now. I went to CCCS website and they say lowering customers rates is one of their ways …

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Rita Asks “Should We Consolidate Our Debt?”

Rita “Dear Steve, I want to pay my credit cards off. I will like to consolidate them. We are $39,000.00 in debt. HELP What should I do? Rita” Dear Rita, Thank you for writing to me for help. Debt consolidation is often the first and only solution that comes to mind when people what to …

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Tony Writes In “I Have Too Much Debt On My Credit Cards”

“Dear Steve, How do I quickly and easily get ALL my credit cards paid off with the limited income that I have? Tony Tony, The honest answer is that while you can get them paid off, quickly isn’t going to be part of the solution. It is a classic tortoise and hare situation for you. …

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