DMP vs. Debt Settlement Companies

The Differences Between The DMP And Debt Settlement

The time of year doesn’t matter…”debt relief” ads are seemingly everywhere you turn. That’s why it’s important to know all the facts before making a major decision on how you choose to repay your debt. So this Flashback Friday post explains Debt Management Plans (DMP) vs. Debt Settlement Companies. Many people have never heard of…
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How To Use Power Pay To Pay Off Your Debt Faster

It’s the Monday after Black Friday and Small Business Saturday. Did you end your weekend with no balances on your credit cards? If so, you’re probably in the minority. But if you did charge purchases and can’t pay them off right away, it’s a good idea to start thinking about your pay off strategy. Depending…
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Chad Larimer, Rochester financial counselor

LSS Financial Counseling Office Opens In Rochester

Right now hundreds of families in southeastern Minnesota are experiencing high levels of financial stress due to the area’s high cost of living and limited affordable housing. To address their needs, LSS Financial Counseling recently opened its newest office in Rochester. This location is a direct response to years of requests for holistic, in-person financial…
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8 Ways Procrastination Can Cost You

Procrastination is putting off doing something until the last minute. In some cases, people can thrive on procrastination, such as meeting a deadline for school or work. However, when it comes to finances, procrastinating can mean extra money out of your pocket. And for some, extra expenses can push their finances over the edge. Being…
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The Truth About Paying Down Your Credit Cards

It’s Flashback Friday and we’re bringing back Kate’s post about why it’s important to look at the big budgeting picture before paying off credit cards with a lump sum of money. A common question that we hear at LSS is “I’ve got cash temporarily. Should I pay down my credit card debt?” People will come…
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