Everybody deals with cash shortages from time to time. When this happens, a lot of people run to payday lenders hoping for a quick fix. You could ask a friend for a small loan. You could ask your employer for an advance on your paycheck. If you don’t need that much to keep your balance …
Here are 10 Cash Advance Apps Like FloatMe + 13 Other Options Read More »
If you want to repair your credit, a 609 dispute letter could solve your problems. This is a letter any consumer may send to the three credit bureaus requesting additional information after finding an inaccuracy on your credit report. It usually includes a request to remove the inaccuracies from the credit report. Key points What …
609 Dispute Letters: How to Use This Loophole to Boost Your Credit Score Read More »
The debt-to-income ratio (DTI) is a metric lenders use that compares your total monthly debt payments to your gross monthly income. It measures your ability to manage your existing debt obligations compared to your income. It is also usually a critical factor in determining whether you can borrow more money. Calculating your debt-to-income ratio is …
If you’re juggling so many credit card and loan payments each month that you can only afford to make the minimum payments, it’s time to consider debt consolidation. But what is it, and how does it work? Key points How Debt Consolidation Works Debt consolidation rolls your old debt into one new loan. There are …
What is Debt Consolidation? A Quick Way to Tackle Your Debt Read More »
Debt consolidation doesn’t just save you money. It also simplifies your financial life by rolling everything into a single monthly payment, sometimes with longer repayment terms. This will not only simplify your payments, but it also can ease your budget crunch by lowering the amount of money that you have to commit each month to …
Five Types of Debt You Should Be Consolidating Now Read More »
Are you juggling multiple payments each month, struggling to come up with the cash to make several minimum monthly payments? Debt consolidation rolls your debts into one new loan with one monthly payment. If done correctly, it will ease your budget crunch. If you’ve ever wondered why a borrower would consolidate debts, read on to …
Seven Great Reasons Why You Should Consolidate Debt Read More »
According to the Center For Responsible Lending, payday loans drain over $4.1 billion in fees per year from borrowers in states where payday loans are legal. And that’s not counting title loans, which drain another $3.8 billion in fees per year from residents of 22 states. Between the two, that’s nearly $8 billion in fees …
Skip That Payday Loan: Try These 18 Practical Alternatives First Read More »
Credit card use continues to soar even as the interest rates have risen dramatically, often exceeding 20%. The Consumer Financial Protection Bureau (CFPB) estimates that outstanding credit card debt will continue to set records and may even hit $1 trillion. If you’re struggling to make your monthly payments and it seems like your credit cards …
Stuck in the Debt Trap? These 11 Debt Relief Programs Can Help You Break Free Read More »
Are you wondering whether debt settlement might be right for you but afraid it will be too expensive? Despite what you may read, debt settlement can be one of the cheapest ways to get out of debt. Why? Let’s take a look. Key points How much do debt settlement companies charge? Debt settlement may sound …
Debt Settlement Fees: It Can Be Surprisingly Affordable and Effective Read More »
Many experts will tell you that debt settlement may not be the best idea. However, suppose you don’t qualify for a consolidation loan or are considering bankruptcy. In either case, it will be a better option – especially if you think you’ll need an apartment, personal loan, credit card, student loan, house, utility service or …