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Think Twice Before Cosigning a Debt

A friend or family member wants to buy a car, but they can’t afford to pay cash, and their finance application is going nowhere. Should you cosign a loan or lease to help them seal the deal? Think carefully before you

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3 Problems with Payday Loans

As a bankruptcy lawyer, I’m not a fan of taking on debt. But if you’re going to borrow money, some ways are worse than others. One of the absolute worst is a payday loan. Payday lending involves a borrower writing a post-dated check

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Taxes: Is a Bigger Refund Better?

April 15th is almost here, and that means tax season is coming to an end. According to CNNMoney, the average federal tax refund so far this year has been $2,831. That sounds like a good thing, right? The problem is,

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3 Reasons Why You Should Have a Budget

The word “budget” can prompt a negative reaction. For many people, it has connotations of restriction and deprivation. In reality, a budget is just a plan for your money, and as the old saying goes, if you fail to plan,

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Credit Cards: Minimum Payments Mean Maximum Cost

Making minimum payments on a credit card can keep you in debt for decades. Why so long? The answer lies in the payment formulas used by credit card lenders. Most cards use one of two methods to calculate the minimum

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