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	<title>The Frugal Pig &#187; Pay Off Debt</title>
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	<link>http://www.frugalpig.com/frugallife</link>
	<description>Frugal Living Tips and Ideas</description>
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		<title>Can Peer To Peer Loans Improve Credit Scores?</title>
		<link>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/can-peer-to-peer-loans-improve-credit-scores/</link>
		<comments>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/can-peer-to-peer-loans-improve-credit-scores/#comments</comments>
		<pubDate>Mon, 30 Jan 2012 03:10:58 +0000</pubDate>
		<dc:creator>Oink</dc:creator>
				<category><![CDATA[Pay Off Debt]]></category>
		<category><![CDATA[bad credit]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[peer to peer loans]]></category>

		<guid isPermaLink="false">http://www.frugalpig.com/frugallife/?p=669</guid>
		<description><![CDATA[Peer To Peer Loan Sites Just as the name implies, peer to peer loans are made to individuals by individuals. This means that traditional financial institutions have been bypassed. The saver (investor) chooses which loans to fund. The hopeful borrower gets to make a case that he or she is a good candidate for a loan.  If you are interested, you can learn more about the advantages of peer to peer lending here. People have always gotten peer to peer loans by asking friend or family for help with financing. But I am discussing the new peer to peer loan sites, like Prosper, that actually serve as a sort of financial-EBay for this sort of thing. The sites do collect a small fee each time a loan payment is made. In return, they provide the active business center, and also do some preliminary credit checks on borrowers. How Can Peer To Peer Loans Inprove Your Credit Score If you have a bad credit, or even average credit scores, you may be able to benefit from using this sort of social lending service.  You may be able to obtain cheaper rates, and you may also be able to improve your credit scores quickly. [...]
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<li><a href='http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/how-julia-paid-off-3k-in-credit-cards/' rel='bookmark' title='How Julia Paid Off $3k In Credit Cards'>How Julia Paid Off $3k In Credit Cards</a> <small>Can You Pay Off Your Credit Cards? The thought of...</small></li>
<li><a href='http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/what-is-a-good-credit-score-today/' rel='bookmark' title='What Is A Good Credit Score Today?'>What Is A Good Credit Score Today?</a> <small>Is Your Credit Score Good? I have already discussed the...</small></li>
<li><a href='http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/how-to-misuse-credit-cards/' rel='bookmark' title='How To Misuse Credit Cards'>How To Misuse Credit Cards</a> <small>Credit Misuse Is The Problem Having a credit card is...</small></li>
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		<item>
		<title>How To Misuse Credit Cards</title>
		<link>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/how-to-misuse-credit-cards/</link>
		<comments>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/how-to-misuse-credit-cards/#comments</comments>
		<pubDate>Thu, 26 Jan 2012 14:54:37 +0000</pubDate>
		<dc:creator>Oink</dc:creator>
				<category><![CDATA[Pay Off Debt]]></category>
		<category><![CDATA[Credit Cards]]></category>
		<category><![CDATA[credit score]]></category>

		<guid isPermaLink="false">http://www.frugalpig.com/frugallife/?p=664</guid>
		<description><![CDATA[Credit Misuse Is The Problem Having a credit card is not the problem with most people who get into financial trouble. Misuse of credit cards is usually on of the problems though! If you handle your credit cards the right way, they can improve your financial security and comfort. If you misuse them, they can make you miserable. At the Frugal Pig, we are quite aware that stuff happens. There may be cases where misuse is warranted, but they should probably fall in the category of absolutely needing to fix your car so you can get to work, or needing dental servies right now. If you ever find yourself in an emergency situation, previous credit card misuse, over frivolous things, will only make your situation worse. But mostly, the difference between a mediocre and a great credit score, comes down to small things. You can pay all of your bills on time, have money in the bank, and still be paying too much for credit. Maxing Out Your Cards (Or Coming Close) If you are constantly charging, and making low payments, you will find yourself coming close to using up your available credit. You may even charge an amount that [...]
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<li><a href='http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/how-julia-paid-off-3k-in-credit-cards/' rel='bookmark' title='How Julia Paid Off $3k In Credit Cards'>How Julia Paid Off $3k In Credit Cards</a> <small>Can You Pay Off Your Credit Cards? The thought of...</small></li>
<li><a href='http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/reduce-credit-card-interest-rates-can-you-do-it/' rel='bookmark' title='Reduce Credit Card Interest Rates &#8211; Can You Do It?'>Reduce Credit Card Interest Rates &#8211; Can You Do It?</a> <small>Can You Still Reduce Credit Card Interest Rates Today? Despite...</small></li>
<li><a href='http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/what-is-a-good-credit-score-today/' rel='bookmark' title='What Is A Good Credit Score Today?'>What Is A Good Credit Score Today?</a> <small>Is Your Credit Score Good? I have already discussed the...</small></li>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>What Is A Good Credit Score Today?</title>
		<link>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/what-is-a-good-credit-score-today/</link>
		<comments>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/what-is-a-good-credit-score-today/#comments</comments>
		<pubDate>Tue, 30 Aug 2011 13:04:02 +0000</pubDate>
		<dc:creator>Oink</dc:creator>
				<category><![CDATA[Pay Off Debt]]></category>

		<guid isPermaLink="false">http://www.frugalpig.com/frugallife/?p=525</guid>
		<description><![CDATA[Is Your Credit Score Good? I have already discussed the importance of a good credit score. When you have good credit, life is cheaper and easier. If you ever do need to borrow money, lenders will not charge as much because they do not think they are taking a big risk. Even if you do not need to borrow money, some services are easier to come by when your credit is good. What is NOT helping most of us is that the definition of a good credit score keeps creeping up, especially during this era of tight lending rules. CreditKarma says that average US credit score is the same as the number of the beast: 666. That is average, and it probably is not that great by today&#8217;s standards. In fact, a credit score just a bit lower is probably the line between getting credit approved and not getting credit approved. By this, we are talking about all sorts of things from mortgages, auto loans, or any type of unsecured credit. So if your AC kicks out or your dog needs to go to the vet, a 660 will probably get you credit for these services. Anything lower may give [...]
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<li><a href='http://www.frugalpig.com/frugallife/frugal-shopper/frugal-home/reverse-mortgages-for-seniors-good-idea-or-bad-scam/' rel='bookmark' title='Reverse Mortgages For Seniors: Good Idea or Bad Scam?'>Reverse Mortgages For Seniors: Good Idea or Bad Scam?</a> <small>Are Reverse Mortgages Bad or Good? There has been a...</small></li>
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		</item>
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		<title>Should You Save More Money Or Repay More Debt?</title>
		<link>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/should-you-save-more-money-or-repay-more-debt/</link>
		<comments>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/should-you-save-more-money-or-repay-more-debt/#comments</comments>
		<pubDate>Mon, 04 Jul 2011 15:42:31 +0000</pubDate>
		<dc:creator>Oink</dc:creator>
				<category><![CDATA[Pay Off Debt]]></category>

		<guid isPermaLink="false">http://www.frugalpig.com/frugallife/?p=475</guid>
		<description><![CDATA[Debt Payments Vs. Saving More Money The main focus of most financial awareness articles has two points. You need to save more money and repay high interest debt. However, I am quite aware that most of us have limited funds. Many readers have asked FrugalPig.com if it is wiser to save more money or to repay debt. When I have gotten myself into a tight budget situation where it seems hard to figure out what to do first, I try to strike a balance. Think about the problems you have when you have little savings and a high debt. An emergency cash fund can actually save you a lot of money in the long run. It can reduce the need to apply for high interest loans when you get an emergency visit from the AC guy or have to take your dog to the vet. If you already have high interest debt, it probably has become a burden. As the balance goes up, your monthly payments rise too. And you know that minimum payments, on a large loan balance, will not help you pay those debts off quickly, if at all! Most Americans need to concentrate on saving more for [...]
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<li><a href='http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/reduce-credit-card-interest-rates-can-you-do-it/' rel='bookmark' title='Reduce Credit Card Interest Rates &#8211; Can You Do It?'>Reduce Credit Card Interest Rates &#8211; Can You Do It?</a> <small>Can You Still Reduce Credit Card Interest Rates Today? Despite...</small></li>
<li><a href='http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/how-julia-paid-off-3k-in-credit-cards/' rel='bookmark' title='How Julia Paid Off $3k In Credit Cards'>How Julia Paid Off $3k In Credit Cards</a> <small>Can You Pay Off Your Credit Cards? The thought of...</small></li>
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		<slash:comments>6</slash:comments>
		</item>
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		<title>How Julia Paid Off $3k In Credit Cards</title>
		<link>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/how-julia-paid-off-3k-in-credit-cards/</link>
		<comments>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/how-julia-paid-off-3k-in-credit-cards/#comments</comments>
		<pubDate>Sun, 26 Jun 2011 15:14:48 +0000</pubDate>
		<dc:creator>Oink</dc:creator>
				<category><![CDATA[Pay Off Debt]]></category>
		<category><![CDATA[Credit Cards]]></category>

		<guid isPermaLink="false">http://www.frugalpig.com/frugallife/?p=470</guid>
		<description><![CDATA[Can You Pay Off Your Credit Cards? The thought of paying off high interest credit cards may make you wince. I know that most of the people around here have been in that position from time to time. Any time we made progress, something seemed to come up that wiped out months of careful payments in one swipe of our plastic. However, we have heard of some great success stories, and we thought we would share Julia&#8217;s story! A Modest Income and 0 Credit Card Debt Julia did not win the lottery or inherit a fortune either. In fact, she is a fairly young teacher who only makes about $42,000 a year. And that amount is before taxes, health insurance, retirement, and other things that get taken out of her paycheck. She figures that her monthly, after withholding pay is about $2500. She had a fixed rent of $750 a month, plus a variety of uitlity bills (power, phone, Internet, cable TV) that added another $500 to that. Add in a car payment and car insurance of $400. So you see, out of that twenty-five hundred a month, she really only had $850 left to pay for groceries, entertainment, and [...]
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<li><a href='http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/should-you-always-pay-your-mortgage-off-fast/' rel='bookmark' title='Should You Always Pay Your Mortgage Off Fast?'>Should You Always Pay Your Mortgage Off Fast?</a> <small>Paid Off Mortgages: Good Or Bad? Well, there is no...</small></li>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Should You Always Pay Your Mortgage Off Fast?</title>
		<link>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/should-you-always-pay-your-mortgage-off-fast/</link>
		<comments>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/should-you-always-pay-your-mortgage-off-fast/#comments</comments>
		<pubDate>Sun, 19 Jun 2011 15:42:05 +0000</pubDate>
		<dc:creator>Oink</dc:creator>
				<category><![CDATA[Pay Off Debt]]></category>

		<guid isPermaLink="false">http://www.frugalpig.com/frugallife/?p=460</guid>
		<description><![CDATA[Paid Off Mortgages: Good Or Bad? Well, there is no doubt that it would be a nice luxury to have a home that was free and clear of any bank or mortgage company loans. In fact, it seems to be one of the primary long term goals of many home owners. It is the basis of many of the homeowners tips that you see written in expert financial columns. However, is trying to pay off a mortgage as quickly as possible always the best tactic? If you have a low interest rate, plus can take advantage of a mortgage interest deduction on your income taxes, you are paying for your house with something that experts call cheap money. Instead of paying off your cheap money loan, maybe you could find extra uses for the extra principal. Do you have high interest credit card balances, or even a higher interest auto loan? In the long run, you would probably be better off to try and make a dent in those. In fact, your credit will be better if you do not carry a lot of unsecured debt. Lots of things get cheaper when you have good credit ratings. Maybe you should [...]
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		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Reduce Credit Card Interest Rates &#8211; Can You Do It?</title>
		<link>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/reduce-credit-card-interest-rates-can-you-do-it/</link>
		<comments>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/reduce-credit-card-interest-rates-can-you-do-it/#comments</comments>
		<pubDate>Fri, 01 Apr 2011 17:11:52 +0000</pubDate>
		<dc:creator>Oink</dc:creator>
				<category><![CDATA[Pay Off Debt]]></category>
		<category><![CDATA[Credit Cards]]></category>

		<guid isPermaLink="false">http://www.frugalpig.com/frugallife/?p=383</guid>
		<description><![CDATA[Can You Still Reduce Credit Card Interest Rates Today? Despite a lot of optimistic articles on this subject, I have to say it is a little tougher to get a large credit card reduction that it was a few years ago. When I called my own credit card company, for one of those cards that had its interest raised in one of those apparently random moves we see so often these days, I had to stay on the phone quite a while, provide some good arguments, and accept a miserly (in my opinion) compromise. Still, even a fairly small reduction in interest rates may make a big difference for those peope who carry a balance. It is probably worth a half hour to gather your ammunition, wait on hold, and make your case.  For an example, let us say you have a $5,000 balance on one credit card. If you make $200 payments at a modest 14% interest rate (which used to be common), it will take you 30 months to pay it off. If your interest rate is 28%, which is not that uncommon today, you will be sending those two hundred dollar payments for 38 months. In this case, [...]
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		<slash:comments>1</slash:comments>
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		<item>
		<title>Watch Christmas Debt</title>
		<link>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/watch-christmas-debt/</link>
		<comments>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/watch-christmas-debt/#comments</comments>
		<pubDate>Tue, 14 Dec 2010 15:04:34 +0000</pubDate>
		<dc:creator>DeniseToo</dc:creator>
				<category><![CDATA[Pay Off Debt]]></category>
		<category><![CDATA[Christmas]]></category>
		<category><![CDATA[Credit Cards]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[hoidays]]></category>

		<guid isPermaLink="false">http://www.frugalpig.com/frugallife/?p=318</guid>
		<description><![CDATA[The Holiday Debt Alert So many people spend more than they earn during the course of the year. Several watchdog sites are warning people to keep track of their charge cards. The Christmas season can make us very vulnerable to running up more debt. !  It is the season of giving, but you also need yourself a break. If you rack up big credit card bills now, you could be paying for it for months or years. The average debt is expected to rise during the 2010 Christmas season! Do you really want to let the holidays push you off the track? Some studies have shown that families spend about $1300 on Chirstmas gifts, and over half of these generous families are still paying the bills months later. You certainly don&#8217;t want to celebrate holidays next year with outstanding debt from last year. Help Managing Holiday Debt Credit Sesame is one free resource that can help you track your credit score, plus match you with all sorts of financial products based upon your unique situation. They provide tools to help you manage your finances. It really is free because they only profit if you take advantage of a finanncial offer from [...]
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		<item>
		<title>What Debt Is Good Debt?</title>
		<link>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/what-debt-is-good-debt/</link>
		<comments>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/what-debt-is-good-debt/#comments</comments>
		<pubDate>Wed, 16 Jun 2010 16:04:20 +0000</pubDate>
		<dc:creator>Oink</dc:creator>
				<category><![CDATA[Pay Off Debt]]></category>
		<category><![CDATA[auto loans]]></category>
		<category><![CDATA[Credit Cards]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[dental]]></category>
		<category><![CDATA[emergencies]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[transportation]]></category>

		<guid isPermaLink="false">http://www.frugalpig.com/frugallife/?p=224</guid>
		<description><![CDATA[Is Any Debt A Good Debt? We talk a lot about paying off debt. We really hate high credit card balances because they tend to be for things that are not really tangible or long lasting, and those rates can really run out of control. There has been a lot of talk about the mortgage crisis, but I am sure that credit cards have gotten a lot more people in financial trouble with little to show for their expenses. Emergency Credit Of course, it is better to be able to pay for an emergency bill with your savings. But we, of all people, understand that sometimes troubles just seem to pile up. It is not always possible to choose between filling a cavity and getting your car repaired. Your dental problems could just become worse if you neglect the cavity, but you may need your car to get to work. So sometimes, the cost of debt will be less than the cost of waiting for a service. In that case, you should probably just go ahead and charge it. Long Term Goals Most experts advise us that it is ok to borrow for a long term goal. An affordable home [...]
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		<slash:comments>0</slash:comments>
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		<title>Debt Settlement Keeps you Away From Bankruptcy</title>
		<link>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/debt-settlement-keeps-you-away-from-bankruptcy/</link>
		<comments>http://www.frugalpig.com/frugallife/frugal-finance/pay-off-debt/debt-settlement-keeps-you-away-from-bankruptcy/#comments</comments>
		<pubDate>Thu, 03 Sep 2009 17:36:17 +0000</pubDate>
		<dc:creator>Oink</dc:creator>
				<category><![CDATA[Pay Off Debt]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[debt settlement]]></category>

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		<description><![CDATA[Author’s Bio: This is a guest post from Robin Williams who writes on Debt settlement, Debt negotiation, Bill consolidation and other current financial topics.     How can debt settlement keep you away from bankruptcy?    Debt settlement also referred to as debt negotiation or debt arbitration is a process in which the total loan amount you owe to your creditors is reduced to a great extent. There are many debt settlement USA companies that assist you in the same. Since the number of debtors have increased manifold so have the number of debt help companies. These companies will guide you and talk to the creditors on your behalf.   As far as selecting the right debt settlement USA firm is concerned, make sure that the company is a member of TASC or The Association of Settlement Companies. The main aim of TASC is to protect consumers from being taken for a ride by the debt settlement companies and also to support or represent debt settlement companies at the federal as well as state level.   Generally, bankruptcy is a debt relief option that debtors resort to when all other debt solutions fail to yield the desired results. And if [...]
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