Vail A. Kaufman, P.A.
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301-850-2470 or 800-724-1621

October 2013 Archives

When to avoid paying off debt

Should you pay off those high-interest credit cards? Maryland borrowers who are seeking debt relief may be shocked to discover that many financial planners would urge against paying off a lump sum of credit card debt. Unless the cause of the debt is addressed, borrowers may easily run up against the same financial difficulties, even if they are able to pay off large amounts at some point in time. If you are considering paying off your high-interest cards, take some steps to make sure that your payments are useful and relevant.

Student loan debt reaches $1 trillion

When people decides to declare bankruptcy, they can be sure that the proceedings will enable them to eliminate most or all of their credit card debt, medical bills and many other outstanding financial obligations. What they probably can't eliminate, however, is their student loan debt.

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Greenbelt, MD 20770

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