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Can Debt Settlement Really Fix My Money Issues?

Debt settlement is the quickest and least expensive method to get out of debt, according to numerous debt relief professionals. Reducing the amount you owe to your creditors entails bargaining, either via you or your assigned negotiator. It takes time and effort to reach an agreeable reduction percentage. However, if you’ve got a debt that…

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Do I Qualify for Debt Settlement?

If you’re in debt, you may be confused by the situation and want guidance. You’re not alone if you’re concerned! According to recent research, the typical American household’s credit card debt has increased to nearly $16,000! Personal loans, medical bills, and home purchases are some of the debts that can be relieved. Many people go…

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Is Debt Settlement Worth It?

  When you have missed debt payments, you might be wondering if debt settlement is the best option. Depending on which technique you take, it may or may not be a viable alternative: working with a third-party debt settlement firm or negotiating with your creditors on your own. Consumers who want to get out of…

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CCR: Current Credit Card Rate

  Paying your credit card at the end of the month may seem like a hassle but paying it on time can really help you out in the long run! Now, in order to pay your credit card, knowing the current credit card rate is very important! Why? First, let’s talk about interest rates. What…

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What is an Emergency Fund?

  Life Happens. In two words we are able to describe the importance of having an emergency fund. From a broken bone to a layoff, emergencies come and go, and sometimes, they are here to stay and change our lives forever. But, what exactly is an emergency fund and how can we make one?  …

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Is it Okay to Only Make The Minimum Payment?

  Minimum payment: $22.00 Statement Balance: $800 Due Date: TOMORROW Why is it always tempting to make the smallest payment? Sometimes, our financial situation isn’t the best and making the full payment isn’t possible at the moment. And as Brownie McGhee would say, “Something is better than nothing”. It’s best to pay at least the…

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What is Debt Consolidation?

Have you ever heard the phrase, “Digging a hole to fill another one”? If you have and never understood it before, now you will. When we as human beings find ourselves in a pickle, we always try to find a way out. But when it comes to personal finances, it can be a little tricky…

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How Does Credit Counseling Work?

  “HELP! I need somebody, HELP!” We know you know this tune by heart but, have you ever wanted to scream out “HELP” when it comes to your financial situation? Student loans, debt, mortgages…This can all become super stressful, especially when we have to pay one bill after another. But, what if we told you…

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How Does Bankruptcy Work?

  Bankruptcy. What comes to mind when you hear this word? For many Americans, it is the sound of financial freedom, even though it comes with a price. For others, just thinking about it makes them anxious and if they know of someone who did it, they are the first to judge. So, what exactly…

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Debt in 2021 on the Rise

  What comes to your mind when you think of 2020? For the majority, it was the year that the world stopped and everything, even the economy, went down. Jobs were cut, millions lost their salary and with that, a safe income for each month. Covid-19 made everyone struggle and the debt this has brought…

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Mediator Debt Solutions, Debt Settlement and You

  Mediator Debt Solutions Mediator Debt Solutions has been working in the debt settlement industry for years and time and time and again – we’ve been able to see success story after success story for people who qualified for our programs. But before they came to us, many of them didn’t know debt settlement was…

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Debt Consolidation vs Bankruptcy

  Debt Consolidation vs Bankruptcy Americans across the country face the decision of choosing between debt consolidation and bankruptcy. Although these are the two most popular debt relief options for people today, many people wonder which option is best for them. Below goes over the two methods, as well as how the team at Mediator…

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Coronavirus Update

  Coronavirus Update The coronavirus is spreading across our country and it is important to know how to stay safe, and where to get the most accurate updates. The Mediator Debt Solutions team dedicates themselves to serving their clients during this time when they need it most. We have provided information regarding all of this…

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Improving Your Credit Score

  Improving Your Credit Score In today’s world, a good credit score is essential. The higher your score is the more likely you are to qualify for credit cards and loans with better borrowing terms. When these terms are better, you are able to save money in the long run. The fact that people can…

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Debt to Cover Necessities

  Debt To Cover Necessities According to Experian, Americans have an average of over $6000 in credit card debt. Over 23% of Americans say that paying for basic necessities such as rent, utilities, and food contributes most to their credit card debt. Another 12% of Americans say that medical bills play a large portion to…

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Credit Card Debt is Skyrocketing

  There has been consistent growth in the four main areas of debt — home, auto, student loans and credit cards. Credit card debt balances are reaching an all time high in America. Credit cards are actively used by over 176 million American citizens today. This includes the number of people who also are using…

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Student Loan Debt at All Time High

  Student Loan Debt is at an All Time High The student loan debt in the US is now at $1.6 trillion and is continuing to rise. The primary factor for this is the slow repayment of these loans. This is according to a report released from Moody’s Investors Service, a credit rating agency. Although…

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Chase Forgiving All Credit Card Debt?!

  Credit Card Debt Forgiven? Hol’up! Is that true?! It is – but only for Canadian customers. So, in 2018 Chase decided to exit the Canadian market and closed credit cards for Canadian customers while requiring them to continue paying. Odd move but understandable considering that the debt was still pending regardless of future use…

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