That’s not necessarily a bad thing if debt gets you where you want or need to go. Your debt is a problem if you cannot reasonably pay your expenses, save something for the future and still make progress toward paying off your debt. You can dispute errors for free yourself; there is little benefit to hiring an outside company to do it for you.It’s time to take steps when: You can wait until you’re forced to make a panicked decision that has consequences for decades. Separate your debts into piles: Consumer debts should be your top priority to pay off. (See “19 Ways to Find Fast Cash, More Savings.”) Are there ways you can reduce your payments without endangering your credit? Next, get your free annual copy of your credit reports and compare the information there to the information you have just gathered. Honestly assess your situation and formulate a plan before you send one extra dollar to a creditor. If you have collections accounts or judgments, record those as well, even if you’re not making payments on them.Warren remained silent on the issue throughout the panel discussion, hosted by Politico and Starbucks in downtown Washington, D.C., choosing instead to draw attention to her student loan reform bill, which was blocked by a Republican filibuster in June.
You get to walk away from classrooms and exams and finally hang a diploma on your wall.The bill would require the federal government and private banks to allow the roughly 25 million Americans, each of whom carry an average of ,000 in student debt, to refinance their student loans at today’s lower interest rates.It would also cap undergraduate loans at interest rates below 4%."The grace period on a private loan is typically 6 months from the time of graduation," Sue Khim, the founder of says."You won't have to make any payments, but interest will still accrue.The grace period is a great time to formulate a plan of action." Federal student loans carry a six month grace period as well.