Editorial team If you’re flooded in debt, one option that you may have heard about is debt consolidation. There are many pros and cons to using a debt consolidation program. Keep in mind that in order to qualify, you generally need at least $7,500 in unsecured debt.Here’s how debt consolidation works. Debt Consolidation 101 The basis of …
​What does credit consulting really cost? Believe it or not, when you talk to a credit consulting agency, they often won’t give you many of the most important numbers. They might phrase their charge as a monthly amount rather than an interest rate number, artificially lowering the perceived cost.When considering a credit consulting agency, it’s …
There are a lot of things you can do to reduce debt quickly. But what are the most important things you can do? If you could only focus your energy on three things, what three things should you focus on? These are three actions you can take immediately that’ll have a dramatic debt-slashing effect on …
The debt snowball method is one of the most effective methods for paying off personal debt, period. Instead of taking a purely logical approach, the debt snowball approach actually makes the whole process of paying off debts much more psychologically easy and satisfying. Here’s how the debt snowball works. An Overview of the Debt Snowball …
Going to a debt consolidation agency should be avoided if at all possible. Millions of people all around the world who were in debt manage to climb out of debt – without the help of such agencies. Here are some techniques you can and should try before resorting to debt consolidation. 1. Cut Up Your …
In a tough economy, one organization a lot of people end up owning a lot of money to is none other than the government. Owing more taxes than you can afford is an incredibly stressful position to be in. Fortunately, there are a number of different options you can take. Asking for a Payment Plan …
Want to pay off debt quickly, but don’t know where the extra money will come from? Instead of trying to earn more money to pay off debt, what if you could save money by cutting costs in places you’d least expect? Here are a few little-known ways to save money to pay off debt. 1. …
Is debt relief a better option than bankruptcy if you’re having financial troubles? There are strong arguments for both sides. There’s actually no hard and fast answer to the issue. It depends entirely upon your own financial situation. These are some of the most important things to consider. The Pros and Cons of Bankruptcy The …
How do you actually find and evaluate debt relief company which can help you. The debt relief field is riddled with scams and companies who are more interested in taking your money than helping you get rid of debt. Follow the 3 tips below and you’ll have a much better chance of finding a great …