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debt consolidation

What to Do If You’ve Been Denied Consolidation Loans for Bad Credit

When you’re overwhelmed by multiple forms of debt, a consolidation loan can offer much-needed assistance Designed to roll your myriad obligations into a single monthly payment with more favorable terms, these loans can help you get back on your feet and achieve financial stability. However, they aren’t given out blindly. Lenders will look at various factors to

How to Get Your Debt Paid Off the Smart Way

Are you one of the millions of Americans struggling to pay off debt? If so, it can feel like an impossible mountain to climb. Between the money you owe, sky-high interest rates, and a sinking credit score, it might seem as though you’re destined to be in the red forever. However, there are plenty of

Understanding the Process to Achieve Zero Debts

If you are burdened by debt, you’re not alone.  Household debt has been rising unstoppably for more than 19 quarters. The average household in the US now has roughly $38,000 in debt. This figure excludes home mortgages. Shouldering high levels of debt is has a number of negative effects. It reduces or eradicates one’s ability to save, can

Debt and Depression: What You Should Know About Debt and Mental Health

The average American has $38,000 in personal debt. Whether you have student loans or a mortgage to pay off, it can have a tremendous impact on your mental well-being. Worrying about taking care of debt, especially a huge amount, can easily consume you. This, in turn, may significantly impact your life. Do you have debt and

Student Loan Survival! How Do Student Loans Work During COVID-19?

efore the coronavirus pandemic put down roots in the United States, student loans were inflicting financial damage. The American people are swimming in student loan debt. The total student loan debt held by the American people is over $1.4 trillion. Every second, over $2,800 in new student loan debt is accrued. Now, the coronavirus is disproportionately

5 Spectacular Ways to Consolidate Your Credit Card Debt

Consumer debt as of the end of 2019 was $14 trillion. That was before coronavirus and the current growing number of people filing for unemployment. Currently, people are amassing even more credit card debt as unemployed people are using credit cards to pay rent, utilities, and a host of other things during the COVID-19 stay-at-home mandate.

A Step-By-Step Guide to the Credit Card Debt Consolidation Process

According to statistics, over 60% of American households hold credit cards, with the average debt being $6,194.  While not ideal, credit card debt of $6,194 might not be unmanageable if you aren’t burdened with a lot of other debt. However, what if your credit card debt is more than this? What if you have multiple lines of

5 Creative Ways to Reduce Your Credit Card Interest Rate

Are you struggling each month to pay credit card bills that carry outrageous interest rates? It can feel as if you’ll never pay off your balance. Is there anything legal that an honest, hardworking person can do to get a lower credit card interest rate? Fortunately, there is. In fact, there are a number of

The Advantages and Disadvantages of Debt Consolidation You Should Know

Debt in the U.S. at this point is almost unavoidable. With consumer debt topping $14 trillion, it’s more likely than not that you’re burdened by a piece of debt that needs a solid financial strategy to tackle. This is the point where debt consolidation comes in. If you’re dealing with substantial amounts of debt, having debt consolidation

Dealing With Debt and Unemployment! How to Get out of Debt With No Job

Sources estimate that there are currently more unemployed Americans than ever before in history. At the same time, research shows that the average personal debt is $90,460. Unemployment can be a very stressful time, and in most cases, the last thing you need is a boatload of debt payments to make.  However, figuring out how to get out of debt