While
completely avoiding debt may not be possible, having an idea of how much debt you may graduate with is essential in choosing a college.
Not exact matches
I wish I had put more time and energy into reducing — and
completely avoiding — credit card
debt, as well as aggressively paying off student loans.
• Closing Credit Cards — It stands to reason that if you are in
debt you can close your credit card
completely to
avoid acquiring more
debt.
Avoid paying off the unsecured
debts with your home equity loan unless you are
completely sure you'll be able to afford the monthly installments.
This only doesn't apply if you've been skirting collection activities for some time, and
completely avoided working on any sort of IRS Tax
Debt Settlement for at least a year after having been notified that you owe back taxes.
By reinvesting the equity (as long as there is as much
debt on the new property as the mortgage payoff on the disposed realty), capital gains tax and any IRC section 1250 unrecaptured gain taxable at the 25 % rate can be
completely avoided.
If you find yourself
completely buried in
debt and you don't think you have any choice but to file for bankruptcy, you may be able to
avoid bankruptcy by filing a consumer proposal.
Any credit counseling group, or
debt settlement group that tries to sell you their solution without
completely understanding what your needs and obligations are moving forward, should be
avoided; and,
IMO, you're better off in the long run to
avoid debt completely and pay cash.
If your goal is just few years away (2 - 3 years), you must
completely avoid investing in equities and shift your investment to
debt and fixed income products.