Do You Need A Business Debt Consolidation Loan?
According to reports, small to medium-sized enterprises and family businesses in the US owe a total of $5.5 trillion. Business debt has been skyrocketing, reaching historically high amounts (according to the Federal Reserve), and has more than doubled since 2008. In some situations, taking out a business loan is a necessity for the health, or even the birth, […]
How Does Debt Consolidation Affect Your Credit Scores? Here’s What You Need to Know
The American public is swamped with credit card debt. The average person has nearly $6,200 in outstanding credit card debt. One of the problems with carrying credit card debt is high-interest rates. The average Annual Percentage Rate (APR) on a credit card is nearly 15%. With an APR this high, consumers are paying hundreds, if not thousands, […]
Why You Should Consolidate Credit Card Debt With Debthunch
Credit card debt in the US has been soaring, reaching over $1 trillion in 2019. The average household is estimated to carry approximately $8,398 in card debt. If you are shouldering a growing debt on your credit card, it’s time to get out from under it. But where to start? One of the ways is to consolidate […]
The National Debt Relief Program: An Insight into the Pros & Cons
With sky-high interest rates and substantial late fees, getting out of credit debt can feel like doggy-paddling in a sea of quicksand. Are you in over your head? If so, there are many different kinds of debt relief programs designed to help you get on top of your debt and tackle it for good. One […]
Debt Resolution Companies: What Do They Do and How Do They Work?
Americans now have more debt than ever. Do you have debts that are starting to become unmanageable? Is it starting to impact your health and livelihood? If so, you might be wondering, what exactly is debt consolidation and how do debt consolidation companies work? If you are struggling under seemingly insurmountable debt it’s important that you know about all […]
How to Qualify for a Debt Consolidation Loan: A Step-by-Step Guide through the Process
Drowning in debt and looking for a way out? A debt consolidation loan can be the lifeboat you need, but are you ready to reach for it? Designed to consolidate all of your disparate debts into one, low-interest monthly payment, this solution offers a viable way out of the dollar signs swimming in your head. […]
Should You Refinance Your Private Student Loans?
Student loan debt continues to impact the American people. Each year, millions of young Americans enroll in college. To pay for tuition and lodging, many require public and private student loans to pursue an education. The current amount of student loan debt in the United States is nearing $1.6 trillion. This figure will soon hit $2 trillion with […]
How to Become Debt Free: Should You Consolidate Your Debt?
What’s a question that 3 in 4 Americans are likely to ask themselves? How to become debt-free. Research shows that only 1 in 4 Americans are debt-free, and estimates show that the average credit card debt can take as much as 18 years to pay off. But what if we were to tell you that there are ways […]
Debt Consolidation 101: How to Make an Effective Debt Consolidation Plan
Did you know? About 75% of all Americans carry debt. In fact, that debt came in around $38,000 per household back in 2018. The amount owed is increasing each year. It’s important you take control of debt before it controls you. What you need is a plan. More specifically, you need a debt consolidation plan. What is a debt […]
How to Get a Debt Consolidation Loan for Bad Credit
According to reports, the average American has around $38,000 in debt to their name, excluding home mortgages. This level of debt can pose a significant financial strain on just about anybody. Especially if you owe on multiple lines of credit—and are paying higher than necessary interest rates. With the financial burden of paying off multiple sources of debt also […]