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Debt Relief Archives

Payday loans do not provide debt relief

It is not uncommon for people in Connecticut to find themselves short of cash with days to go before the next paycheck. Whether it happens because of poor planning or unforeseen circumstances, it is never a pleasant feeling. In fact, it may bring a sense of panic if there are bills left unpaid and necessities to purchase. While it may seem like temporary debt relief is better than none, some find themselves digging deeper into debt by using quick fix loans in times of desperation.

Sorting through advice for debt relief

Everyone has advice for dealing with life. An expectant mother may hear advice from total strangers, and someone heading off to college may feel crushed by the amount of advice offered. The same may be true for anyone struggling with debt. In many cases, those in Connecticut longing for debt relief may keep their problems secret to avoid the perceived judgment and well-meaning advice of others. For example, much financial advice centers around budgeting.

What to make of charged off debt?

If you learn that a troublesome debt is being charged off, you may be delighted with relief because the creditor is no longer chasing you down to pay that debt. While this may sometimes be the case, the obligation may still have a negative effect on your financial well-being.