How Does Debt Consolidation Affect Your Credit Score?

By Nick Gallo | Nov 5, 2020 | Comments Off on How Does Debt Consolidation Affect Your Credit Score?

Debt consolidation can lower your monthly payments, but can it also lower your credit score? Well… it depends. 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, you’ll get nothing for your trouble except a …

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Debt Avalanche vs. Debt Snowball: Which is the Better Debt Repayment Strategy?

By Nick Gallo | Nov 5, 2020 | Comments Off on Debt Avalanche vs. Debt Snowball: Which is the Better Debt Repayment Strategy?

Disclaimer: DebtHammer may be affiliated with some of the companies mentioned in this article. DebtHammer may make money from advertisements, or when you contact a company through our platform. Paying off debt can be one of the biggest challenges in all of personal finance. Credit cards, student debt, and payday loans are all designed to …

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Can Payday Loans Be Consolidated? Here’s How To Do It

By Amy Freeman | Jun 18, 2020 | 0 Comments

Yes, payday loans can be consolidated, but it can be difficult depending on your situation. Here’s how to do it: Things to consider before you consolidate If you’re considering consolidating your payday loans, there are some things to consider first to ensure that the process works for you.  First, it’s a good idea to sit down …

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Everything You Need to Know About Predatory Online Payday Lending

By Kurtis Kendall | Jun 10, 2020 | 0 Comments

Borrowers that fall victim to predatory lending could end up getting scammed out of thousands of dollars of their hard-earned money, have their credit badly damaged, or could even face repossession of property. Knowing what predatory lending is, identifying it, and staying far away from those who practice it is essential in today’s world. What …

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