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Do NOT Pay Collections Companies

            The first thing we all hear when learning how to repair our credit is to pay off old debts so they will be removed from our report.   That is partially true.   You do want to pay off the credit cards.   Pay off anything that is still open.   However, DO NOT pay the collections companies. It can actually harm your credit in the long run and make you use money that could be spent elsewhere….for example towards rent or food.   I know this advice is contrary to just about everything people will tell you (especially the collections companies).   But I’m actually going to tell you why.             When the credit card companies turn over your outstanding balance as a charge-off, what this means is that they’ve cut their losses and sold your account for pennies on the dollar.   Then, they’ve reported this on their year-end busines...
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My Findings In Mary Kay

            We’ve all heard of Mary Kay.   Chances are, we’ve been approached by at least one representative at some point in our lives who tried to recruit us.   Well, I have a co-worker that is actually really good at recruiting people to join her in her Mary Kay adventure.   As I sat in the office listening to her talk up her “business” day in and day out, I decided that going to one meeting with her to get the “scoop” wouldn’t hurt.   This is what I found…             When you go to a meeting, you are surrounded by a roomful of women who are akin to cheerleaders mixed with unicorns on steroids.   Now, I’m not saying this is a bad thing.   The enthusiasm that the leaders have is beyond anything I’ve seen since I was a cheerleader.   Since I was a “guest”, I got to have the facial that they always advertise as a way to get into ...
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