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Month: March 2015

How to Actually Get Your Student Loans Forgiven

Student loan forgiveness has been a hot headline over the last year. The ever increasing mass of student loan debt continues to weigh on the hearts and minds of our college graduates. Today, 7 in 10 college seniors are graduating with student loan debt! While student loans are a necessary tool for some students, they should be used carefully by borrowers.

You may have seen the late night television ads preaching the benefits of student loan forgiveness. Despite what these television ads say, not everyone is eligible for student loan forgiveness. These ads are often being run by unethical telemarketers looking to take advantage of uneducated student loan borrowers. To qualify for student loan forgiveness you must meet certain eligibility requirements for federal programs. Don’t find yourself victim to a student loan forgiveness scams.

The following U.S. Department of Education programs can actually forgive your student loan debt:

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10 Financial Lessons Warren Buffett Can Teach Us [Infographic]

Warren Buffett is constantly in competition for the richest person in the world #1 spot.

And he is self made. That’s probably my favorite thing about him. He made his money through investing just like almost everyone else.

The difference is that he is really good at it. Which is why Berkshire Hathaway usually maintains about a 19% annual return. If you don’t own any shares, you should consider it, but you’ll probably want to go for their BRK-B stock since BRK-A trades for well over $200,000/share.

Before we check out the 10 lessons in the graphic, there are a few things that stand out…

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How Much Time Does it Take You to _________?

Time is like money – if you don’t tell it where to go, you won’t know where it went until it’s gone. And sometimes you won’t even know where it went after it’s gone.

In order for you to really maximize your hours everyday, you’ve got to know where your time goes, especially with the things you do day in and day out.

So before you start planning every minute and scheduling time for the most important things, you’ll need to figure out where your time is going right now. Start by asking yourself these questions…

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5 Tricks For Managing Your Credit Score

In the modern age, getting rid of debt has various implications. There’s the simple idea of lowering bills, living a debt-free lifestyle or simply putting yourself in a position to save money. But there is also the on-going concern of keeping your credit score intact.

We live in a loan-oriented society and, for most of us, borrowing is critical. We need a car or can do better financially if we buy a home instead of rent sometimes. We want to start a business or pay for tuition to live better lives. These are not frivolous moments. A credit score is critical at important junctions in our lives.

You need some basic understanding of money to understand loans, but in the modern era it also pays to know a few tricks to helping your credit score that go beyond simply, “don’t make late payments, ever.” That’s obvious. But here are some less obvious methods of keeping credit scores healthy…

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The Different Types of Credit Checks and How to Improve Your Score

Runaway debt and credit debt is the new normal. It doesn’t necessarily occur because you spend beyond your means, but can happen as a result of your FICO score dropping whenever you apply for a lease on an apartment, a credit card account, or a car loan. The company that reviews your application will pay a fee to check your credit and these checks are not harmless, but can actually create a dent in your credit score.

Without realizing it, you may end up paying higher interest for everything because of your lower FICO score. This may actually force you to run out of money. At this point, it’s easy to fall into some heavy debt as you scramble for survival.

So, it’s a negative cycle: inquiries on your credit card may lower your FICO scores; these then results in paying more for everything because of higher interest rates. This situation, in turn, may then lead to runaway debt.

In order to arrest this negative spiral, you first have to understand how the credit scoring system works…

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