You may have heard that all it takes is a simple 11-word phrase that instantly makes debt collectors stop in their tracks. But will that actually work? Probably not. “Please cease and desist all calls and contact with me immediately.” Does this phrase work? You’ll see countless posts online telling you to use this phrase […]
If you are over your head with money struggles, debt consolidation can be a great way to get out of debt and avoid legal action from creditors. It involves combining multiple debts into one, making it easier to manage and pay off. But will it stop a lawsuit? Are you eligible for debt relief? We […]
Have you got a lot of debt? It can be challenging to keep track of payments and balances on outstanding debts between credit cards, student loans, and auto loans. Debt consolidation can be a great way to get your debts under control. But if you’re wondering whether you can keep your credit card accounts open […]
According to a May 2022 LendingClub survey, around 64% of Americans live paycheck to paycheck. Living paycheck to paycheck is not an issue isolated only to low-income people. It can happen to anyone at any income level. So what happens if you lose your job? Will you be able to consolidate your debts to keep […]
Debt consolidation loans can help make multiple high-interest debts more manageable by combining them into one simple monthly payment. Most of these loans aren’t guaranteed because they require a good credit score, but some lenders work with borrowers with a 520 credit score. The best debt consolidation loans come with a lower interest rate than […]
Debt consolidation rolls your unsecured debts into one bigger loan with a lower interest rate. But will it work for you? Before jumping in and applying for loans, it’s essential to consider debt consolidation’s potential benefits and drawbacks. Pros and cons of consolidating your debts Before jumping in and applying for loans, it’s essential to […]
Debt consolidation can lower your monthly payments, but will it also lower your credit score? Well… it depends. Why does debt consolidation affect your credit score? In some cases, debt consolidation will get you a better interest rate, simplify your paydown process, and put you on the fast track to being debt-free. But in others, […]
If you’re among the millions of Americans with credit card bills, student loans or medical bills, you have unsecured debt. But what does that mean, and how does it differ from secured debt? Key points What does unsecured debt mean? Unsecured loans: This refers to types of debt not backed by collateral or any specific […]
Personal loans and balance transfer credit cards can both be effective and low-cost ways to consolidate high-interest debt. But which works best? It will depend on several factors. Key points Should I get a personal loan or a balance transfer credit card? If you’re struggling with debt, both of these are good options. There are […]
Thinking about debt settlement and not sure whether you’re eligible? You’ve come to the right place. According to Bloomberg.com, consumer debt hit a record high for 90% of Americans over the past year. Chances are you’re among that 90%. If you’re wondering how to get your ever-growing debt under control, debt settlement could be an […]