You know that paying off your credit card debt is a journey that doesn't come easy. You have to be tough and really have a "sick and tired" of your situation attitude to keep going. You really do not need to worry about scams and there are a lot of scams out there. Here are 3 very dangerous scams that you NEED to know about...

1. "We will fix your credit report.

So what is at the base of eliminating your personal debt? Simply earning more than you are spending and taking the extra you have left over and paying down your debts.

It is sad fact but I read the other day that 71% of people said that their personal debt is making their home life unhappy. That is completely unnecessary and I am going to reveal some leading indicators that will identify if you are on that same path.

These loans are perfect in an emergency situation to help a person overcome a temporary cash shortage. However, many without experience can find them to be problematic and risky. Without control over funds, fees can mount and cost a fortune in the long run.

Payday loans are not all bad; they just require some understanding. It is imperative that borrowers understand what they are getting into and know just what the consequences of non-repayment are.

So what are some ways you can start making money in your spare time?

- Take on a hobby that you can translate into dollars. Can you walk a neighborhood dog? Teach basket weaving? Host a dining room? Baby-sit for your sister's kids? Do Computer graphics? Consider which of your talents might be worth a few extra bucks and then go out there and do it.

The title 'debt collector' is self explanatory and clearly states what such a person does. If you owe money to a lender and there has been a delay in payments over the past few months the lender may choose to either use their in-house service or employ a specialized debt collection service provider.

If it is a third party i.e. a specialized collection agency, they usually purchase your debts for less than you owe from your lender and then the debt becomes theirs.

Perhaps you should consider the option of a payday loan. A payday loan may also be referred to as a cash advance loan or a check advance loan. Generally it is a short term loan for a small amount (usually between $50 and $500). This option can often carry with it very high interest.

If it is true that interest is extremely high on this type of loan, why is it popular? There are a number of reasons that make it so.

Today lifelong learning opportunities are plentiful and instructors well-versed in space age information delivery. Still, millions fail to take advantage. They need constant reminders of the pot of gold at the end of the adult education rainbow.

Five bright benefits come to mind. First is the prospect of a fatter paycheck. Job promotions go to smart people who keep up with the latest information and technology.

These characteristics do not make the payday loan necessarily the best choice in all situations. Below are five reasons to try to avoid payday loans if possible.

High Interest Rates: The interest rates imposed on these loans may not seem that bad at first glance, being only $15-$50, depending on the amount borrowed, but when you compound that annually, you could easily be spending 300%.

The Fair Credit Reporting Act covers consumers because their private information about them and their spending habits are collected and placed within these reports. These credit reports are then provided to lenders, credit card companies, insurance agencies and anyone who requests a copy to evaluate your application for credit.

A consumer can now receive a free copy of their reports every year to see exactly what information is placed about them on these reports.

Here are a couple of scenarios. Your friends are over for a Christmas tree decorating party. Two of the guys know that you sell pre-owned designer men's suits on eBay. They ask you if you have any new stock because they could use a new sports coat. Sure look in the hall closet, see if you like anything. After five minutes both men return, one wearing a Hugo Boss suit coat and the other is sporting a Zegna blazer.

You are shocked when your loan is denied, or maybe you were approved, but the interest rate is much higher than you anticipated. How can that be you say? My credit score is good, I know I checked. Maybe it's not as good as you think. It all depends on there you got it and what kind of credit score it is.

The fact is there are several different credit scoring methods.