Consolidate debt or Negotiate a Settlement? Learn the differences between each of these debt management options and which is best for your situation As more and more consumers end up with huge amounts fo credit card debt with poor credit scores, many wonder whether they should join a debt management program. The real question is: [...]
Get Out of Debt with some Debt Help
Here's some solid advice and simple tips to get rid of the debt that's been burdening you for years. There's really no easy way out of debt and each option involves some pain. Your choices are basically these:
- do nothing but pay minimums - This is the super long way out. Good luck.
- the debt snowball approach - Also a long way out, but you'll learn budgeting and get financially disciplined.
- Debt Consolidation - A common choice, leaves your credit intact, but also keeps you paying interest for years.
- Credit Counseling - Helps reduce interest rates, but also leaves you paying
- Debt Settlement - If you're in deep. Beats up your credit, but you'll be out of debt faster.
- Bankruptcy - The last resort. Terrible on your credit and your life.
In addition to these methods of getting out of debt, we are loaded up here with tons of useful information on how to deal with creditors, debt collectors, how to get out of debt yourself and other goodies to help make your journey out of debt a faster one.
Making the move to consolidate your student loan debt can reduce your payments and free up cash. For those that have student loans like a Stafford or Perkins Loan, a student loan consolidation program may offer you several benefits. This type of consolidation loan works much like other consolidation programs. The loan, or loans, is paid off [...]
There’s a couple to different types of consolidation loans – learn which may fit your situation best. A debt consolidation loan is a new loan you obtain to pay off various debts you have. A debt consolidation loan is usually acquired from a private lender and qualification may depend on your credit score, income and [...]
Student loan refinancing can save you a bundle of money and help to improve your cash flow and your credit. Refinancing your student loan is an opportunity for you to take the student loans that you have and reorganize them into a loan with a much better interest rate and/or a more affordable payment. Like [...]
Credit counseling involves a one-on-one consultation with a credit expert; a person who understands and can explain the complexities involved in a person’s credit score. While some people get credit counseling before applying for a credit card or a loan, many others do not. While this is an individual decision that must be left to [...]
The miracle of childbirth is a joyous experience that is all too often tainted with the harsh reality of having to pay for huge medical expenses. On average, the cost of giving birth is dependent on three things: your insurance coverage, the hospital or clinic you use, and the kind of delivery that is needed. [...]
You’re behind on your bills and the phone rings. It’s the worst sound in the world. Most in this situation know that answering the phone means dealing with nasty debt collectors, all hoping to taunt, tease, curse or trick people into paying debts they can’t possibly cover on the meager amount of money they bring [...]
Being a single parent has a host of complications and when debt is added to the mix, the burdens to bear can sometimes be unbearable. Single parents often struggle on a single income without help from anyone else. They have the responsibility of making all the financial decisions for a family with help of a [...]
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