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Category Archives: Debt

CarTitleLoan

Are Online Auto Title Loans the Worst of Both Worlds?

By Nowack & Olson, PLLC |

Everyone in Florida, no matter how broke, needs a car.  Not only is there very little public transportation, but walking outside, even for short distances, is several orders of magnitude more dangerous in Florida than it is in most other places.  If you walk a mile in the summer in most places in the… Read More »

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CarLoan

How to Avoid Paying $1,000 Per Month on Your Car Loan

By Nowack & Olson, PLLC |

South Floridians have a special place in our hearts for expensive cars, but that does not mean that we want the expensive car loans associated with them.  Looking for your car in the parking lot of Sawgrass Mills would be a bummer if you didn’t pass by a few rare beauties somewhere between the… Read More »

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PaymentOption

Three Approaches to Debt Repayment Strategy

By Nowack & Olson, PLLC |

It is fun, but impractical, to strategize about what you would do if you suddenly got a million dollars.  Most likely, you would pay off your debts and then spend, save, or invest the rest in a way that could prevent you from incurring future debts.  A more practical exercise is to think about… Read More »

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Debt7

Reduction in Millage Rate Offers Relief for Palm Beach County Homeowners

By Nowack & Olson, PLLC |

Yes, there is always someone out there who is in a worse financial situation than you are, but you don’t have to be dirt poor to feel the financial strain that is still having residual effects after the pandemic.  Approximately two thirds of American households with an annual income in excess of $100,000 still… Read More »

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BankFile

Is Catch the Solution to Your Debt Problems?

By Nowack & Olson, PLLC |

Advertisers telling customers that they will save money by buying the seller’s products is the oldest trick in the book.  It is one thing to offer your products at a lower price than your competitors, but if you buy something, you invariably spend more money than if you had not bought it.  The exceptions… Read More »

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CreditCardDebt4

Understanding The High Interest Rates On Credit Card Debt

By Nowack & Olson, PLLC |

It is not just your imagination that your credit card bills are the highest they have been in many years.  Part of the problem is the persistently high prices.  Rent, fuel, and groceries are so expensive that you find yourself using your credit card for everyday expenses, even if, before the pandemic, you only… Read More »

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JunkFees

How To Avoid Junk Fees When Buying A Car

By Nowack & Olson, PLLC |

When it comes to the sale of new and used vehicles, it is a seller’s market these days.  Buyers are often willing to pay the full sticker price, or even more, just because the cars they want are in short supply.  Shopping for a car is a lot of work, even if you enjoy… Read More »

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Bank_Car

Quick Fixes to Avoid Defaulting on Your Car Loan

By Nowack & Olson, PLLC |

As of the spring of 2023 the average car on the road is 12.5 years old; this means that our roads are experiencing the highest percentage of geriatric vehicles they have witnessed in decades.  The price of cars is so expensive these days that more people are holding onto their cars until they have… Read More »

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Bank17

Is There Really Such a Thing as Good Debt?

By Nowack & Olson, PLLC |

An old saying goes that if you have zero debts and you have ten dollars in your pocket, you are the richest person you know.  Many of us would love to live debt free, but we simply cannot afford to provide for all our necessary expenses without borrowing.  Most debt free people have benefited… Read More »

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Bankr18

Dave Ramsey Has No Idea How Broke You Really Are

By Nowack & Olson, PLLC |

You have been in debt for so long that you have probably read Dave Ramsey’s baby steps to financial independence multiple times.  Now that you are a grown adult, a member of the generation on whom everyone depends, it is painfully obvious to you that “baby step” is a subjective term.  For example, Dave… Read More »

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