Consolidating debt through an unsecured loan is one of the main purposes of unsecured loans. Especially for tenants and in general non-homeowners, eliminating debt by means of an unsecured loan is the most common way of doing it. As debt keeps growing, bills keep pilling up; a solution to this financial menace needs to be […]
Category Archives: Debt
Eliminating debt is not an easy task. For this reason, many people carry high credit card balances for several years. Homeowners may take advantage of home equity loans or refinancing to reduce debts. In addition, persons with a vehicle title or collateral may obtain a secured personal loan to payoff debts. However, there are also […]
Unsecured debt consolidation lowers your rates, helping you to pay off your debt sooner with one easy payment. You can also reduce your monthly payments. However, consolidating your short term loans can temporarily lower your credit score. You may also be tempted to use your paid off accounts, creating a bigger financial problem. Lower Interest […]
Once considered a positive step for people seeking to repair their credit, credit repair counseling has suffered from reports of deceptive actions by unscrupulous agencies. Credit counselors who have misled clients and abused the system have given credit counseling a bad name. Many experts now advice consumers to take control of their own credit repair […]
A relatively new industry, some consumers are mystified by the dynamics of debt negotiation. The purpose of this article is to break down the different factors that determine the effectiveness of a debt settlement program. 1. The importance of program length. In any debtor-credit scenario, a creditor is reserved the right to sue a debtor […]
When some people become overwhelmed with debt and find it hard to pay their bills, they often turn to a debt management service. These services can often be found through credit counselors, and you should only use a service that you’re comfortable with. This service should be more concerned with helping you than with making […]