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www.finance101now.com Paying off debts fast requires an organized plan of attack to chip away at each bill gradually. Weigh your assets, sell a car or liquidate other unnecessary possessions to help pay of debt quickly with advice from a licensed financial planner in this free video on personal finance.Expert William RaeContact: www.finance101now.com Bio William Rae has been licensed in the insurance and financial fields for over 30 years.Filmmaker: Christopher Rokosz

Paying off Chapter 13 debts is done by coming up with the agreed upon pay-off amount, which can be payed over a period from one to five years. Eliminate Chapter 13 debts withadvice from a licensed financial planner in this free video on personal finance. Expert: William Rae Contact: www.hbwfl.com Bio: William Rae has been licensed in the insurance and financial fields for over 30 years. Filmmaker: Christopher Rokosz

I have a few questions about credit reports and how to handle certain blemishes.

The first situation is that I have two collection accounts with a combined total of 2. One is from 07 and the other from 08. Should I go ahead and pay these off? Should I send a debt validation letter? Or should I just ignore them? My husband and I would like to purchase a home next summer and I want my credit score up as much as possible, but I have heard that paying off the debts can actually hurt your credit because the "date reported" date changes to a a current date. Is this true?

The second situation is what I believe to be a duplicate account listed on both mine and my husband’s credit report. It is from an account that was included in our Chapter 13 bankruptcy. There is a listing from the original creditor and then a seperate listing for what I assume is a collection agency called MBC INV for the same amount that was first reported 9/30/09 – two month before our bankruptcy was discharged. Is this legal? To send an account that is included in a bankruptcy to a collection agency? Can I get rid of this account?

Thanks in advance!

Debt consolidation is the process of combining bills from various institutions or individuals and placing those into a single loan, which consolidates interest rates into a single bill. Consider debt consolidation as an option to help organize debt relief withadvice from a licensed financial planner in this free video on personal finance. Expert: William Rae Contact: www.hbwfl.com Bio: William Rae has been licensed in the insurance and financial fields for over 30 years. Filmmaker: Christopher Rokosz

The best way to get out of debt is to come up with a monthly plan of attack by making a list of all bills, writing down how much is owed along with the interest rate and chipping away slowly at the smallest bill or the bill with the highest interest rate. Create an organized plan, setting aside money each month for bills, withadvice from a licensed financial planner in this free video on personal finance. Expert: William Rae Contact: www.hbwfl.com Bio: William Rae has been licensed in the insurance and financial fields for over 30 years. Filmmaker: Christopher Rokosz

Consolidation loans are offered by banks to consumers who have gotten into debt. They allow the consumer to pay one bill instead of several different credit card bills. Consolidate debt with a bank loan usingadvice from a registered financial consultant in this free video on money management. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC