Did you know that there are 20.2 million people that have taken out a personal loan in 2020? With the average size of a personal loan being $6,382, you may be wondering if taking out a personal loan is the best financial move for your current situation. If you struggled with a low credit score or finally got …
Any time you’re taking out a loan, numbers matter. This includes your credit score. If yours is sub-par or non-existent, talking to lenders might seem like an intimidating endeavor. After all, most will consider your score as they review your application. Still, there are plenty of ways you can assure your creditworthiness, even as you work …
More than 20 million Americans have taken out personal loans, carrying an average balance of more than $16,000. In recent years, the popularity of this type of unsecured debt has grown exponentially. Now, people are turning to personal loans to cover myriad expenses, from home projects to vacations. They’re also using them to help fund their other …
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 …
According to statistics from the Chamber of Commerce, personal loans are becoming more popular than ever before, growing by 19.2% in the first quarter of 2019 alone. One of the reasons for this climb in popularity of the personal loan is that thanks to Fintech solutions, personal loans are now easier than ever to apply for. …
29% of Americans have more credit card debt than they do emergency savings. Given the current financial situation in the United States, this number is only going to increase. Many Americans have found themselves out of work and facing unexpected medical bills as a result of COVID-19. For those already in debt, the additional expenses are …
If you are looking to take out a personal line of credit, 2020 seems to be the year to do it. With the Fed dropping interest rates to zero, and banks giving out more credit, with fewer criteria—now is an easy time to take advantage of the cash fluidity that lines of credit bring. However, before you open …
The total outstanding personal loan debt has skyrocketed to $115 billion. This is attributed to the more than 20 million Americans who are currently paying on one, carrying an average balance of more than $16,000 each. Are you considering joining those ranks? While this kind of support can provide access to the short-term cash you need, it …
*Debthunch offers some of the smartest debt consolidation, payment consolidation and debt resolution solutions available through our national network of licensed consumer finance partners that provide a specialized array of diverse financial products and services. Debt Consolidation Loans: Licensed consumer finance partners we match you with may not be able to extend credit if after your application they determine that you do not meet the criteria required to be approved for a debt consolidation loan. Financing approval is subject to a variety of factors including, but not limited to, age, credit history, credit scores, acceptable income, debt-to-income ratio and collateral. Interest rates, Annual Percentage Rate (APR) and payment terms may be determined based on the above factors. Debt consolidation loans are not offered in all states. Debt consolidation loan interest rates range from 5.25%-29.99% APR and loan terms range from 12-84 months. Payment Consolidation and Debt Resolution: There are no upfront fees charged by Debthunch licensed partners for payment consolidation and debt resolution services. Use of said services historically reduces outstanding debt balances by 50% of what is owed to creditors before fees and 65%-75% including fees for those who make all payments and complete the entire payment consolidation and debt resolution process. Fees usually range between 15-25% of the qualified debt balances selected for said services and are only charged by Debthunch licensed partners after payment consolidation and debt resolution services have been completed. Fees are deferred with a zero interest extension of credit until said services are completed. Displayed percentages are estimates based on historical results for Debthunch partners and are to be used for illustrative and comparative purposes and do not represent a guarantee or that your results will match those displayed. Use of said services may have an initial adverse impact to credit rating, which may be followed by a rebound and favorable impact to credit rating as qualified debt balances are paid off to lenders. Debthunch partners providing said services do not assume debts, make payments to creditors or provide tax, bankruptcy, accounting, legal advice or credit repair services. Use of said services may result in collections or lawsuits by creditors or collectors and may increase outstanding balances due to the accrual of fees and interest during the debt resolution process. Debt amounts forgiven by creditors as a result of using said services may be subject to income tax. However, all accrued fees and interest are resolved when the debt resolution process is completed. Payment consolidation and debt resolution services are not available in all states and fees may vary by state. Read and understand all agreements and documentation prior to contracting with Debthunch partners for said services.
