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Debt Consolidation
Procrastination is considered a bad habit for a good reason. Credit card debt is often the same kind of kick-the-can-down-the-road behavior with far more serious consequences than simply putting off…
American consumers have rebuilt the nation’s credit card debt to record levels and in the process rekindled the debate about whether debt management or a debt consolidation loan is the…
What Is a Debt Consolidation Program? Debt consolidation combines high-interest credit card bills into a single monthly payment at a reduced interest rate. Paying less interest saves money and allows…
What Is a High Debt-to-Income Ratio? A debt-to-income ratio (DTI) is a calculation that lenders rely on to measure the percentage of your income that you use to pay your…
What Is Debt Consolidation? Debt consolidation is a debt-relief option that combines multiple debts into a single payment with a more favorable interest rate and more affordable monthly payment. The…
Business loans are terrific for turning expansion dreams into reality or paying expenses in a lull, but they can also become a drag if they’re hard to repay or carry…
If your debt has reached a crisis point where you’re paying what you can afford but not making progress in reducing the debt, you’re right to be concerned. You’ve likely…
If you are a recent college graduate, chances are you’re still struggling to wrap your head around the student loan crisis sweeping America. Here’s the gist of it: Student loan…
What Is Credit Card Consolidation? So, you’ve over-succumbed to the siren song of American consumerism. Don’t beat yourself up; those Mad Men (and Women) remain magnificent at marketing pricey lifestyle…
A consolidation loan might seem like a friendly port in the financial storm for people battered with debt but that’s only the case if they can navigate a process that…
Sources:
- Gran, B. (2022, June 15) Debt Consolidation Vs. Bankruptcy: What’s The Difference? Retrieved from: https://www.forbes.com/advisor/debt-relief/debt-consolidation-vs-bankruptcy/
- N.A. (ND) Am I A Good Candidate for Chapter 7 Bankruptcy? Retrieved from: https://www.fieldlawoffice.com/bankruptcy/am-i-a-good-candidate-for-chapter-7-bankruptcy/
- Treece, K. VanSomeren, L. (2023, June 21) Pros and Cons of Debt Consolidation. Retrieved from: https://www.forbes.com/advisor/personal-loans/pros-and-cons-of-debt-consolidation/
- Underwood, J. (2022, October 27) Pros And Cons Of Filing For Bankruptcy. Retrieved from: https://www.forbes.com/advisor/debt-relief/bankruptcy-pros-cons/
- Lake, R. Foreman, D. (2021, July 9) Pros And Cons Of Debt Management. Retrieved from: https://www.forbes.com/advisor/debt-relief/pros-and-cons-of-debt-management/
- N.A. (ND) Chapter 13 Bankruptcy Basics. Retrieved from: https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-13-bankruptcy-basics