How do I find out about student loans I owe?

How do I find out about student loans I owe?

Do you know where all your student loans are? I didn’t. You’ve graduated! Congratulations if you are like me and 40 Million other Americans you have student loans. My wife and I graduated with a grand total of $57,000 in student loan debt. When I graduated I had no idea who I owed money to. Which I thought was understandable after four years of school and new loans every single year, it’s hard to keep track. Here is how to find them If you are looking to find out who you owe money to a great resource is the National

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When will my debt be paid off?

How do I know when my debt will be paid in full? There are a number of great websites and apps that allow you to calculate when you’ll be debt free. Using these calculators are great because they can show you the difference between using a debt snowball or paying the highest interest rate first. In addition these calculators will let you know the exact day your debt will be paid off. Knowing the date of freedom provided me with a great focal point to strive for. These calculators helped provide me a light at the end of this debt

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What is a debt snowball?

What is a debt snowball? A debt snowball is simply paying off your loan with the smallest outstanding balance first while at the same time making only minimum payments on all other loans. Once the smallest loan is paid off you apply what you were paying to the first loan to the next loan and so on and so forth until all your debt is paid in full. Any extra money you receive will be dedicated to paying off the debt at the top of the list. USE THIS CALCULATOR TO FIGURE OUT YOUR DEBT SNOWBALL Example of how you

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Should I use a debt relief service?

Should I use a debt relief service? I vote no on this one. The issue with debt relief services is they do not fix the root problem that caused you to get into debt. In order to win with money you have to take control over your own finances, by changing your habits. Everyone knows not to get into debt, especially credit card debt. But it happens anyways do to the habits we create. By using a consolidation service you’re fixing the symptoms and not the cause. You plan to use one anyway If you do decide to work with

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Should I pay off my credit cards with a personal loan?

Should I pay off my credit cards with a personal loan? Absolutely not! More often than not when people use consolidation loans to eliminate their credit card debt they fall deeper into debt. The issue with these loans is that people keep their credit cards after the credit card has been paid off. This leaves them vulnerable to maxing it out all over again. Now they end up with a new term loan and once again a maxed out credit card. This creates a black hole of debt that I don’t want you to go down. Why does this happen

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How to create your first Budget!

Lets Create Your First Budget! If you want to take charge over your finances a budget is key. Don’t think of a budget as a restricting measure, because its not. A budget is just a blue print of where you want your money to go. It’s a list of your priorities, thats it. This is a living document you can change it as the month progresses. It took me three months before I was able to successfully project my monthly spending. I’m going to walk you through my favorite budgeting app, Everydollar.com. If you want to find a different one please click

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Dave Ramsey’s 7 Baby Steps

I’ve been following Dave Ramsey for the last 5 years. My wife and I have been able to payoff all our student loans and our mortgage using his steps. I believe in what teaches for several reasons. His steps are actionable and focused. Following his steps you know exactly what to do next. Every step you complete is creating a better life for you and your family. Always remember there are many ways to financial independence on the income side, but there is only one way to be financially “independent” and that is having independence from having no debt. Here

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