Being in debt can feel like having a heavy weight chained to your foot, dragging you below the surface and drowning you in unpaid bills and a deteriorating credit score. Here are 5 smart moves to unchain yourself from that debt without resorting to credit counseling.
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Consolidation is nothing but the process of negotiating the rate of interest that will ultimately determine by how much the borrower’s payments will be reduced and what his overall settlement will look like. So any money above and beyond your normal payment is applied solely towards the principle of the loan.
Pay Now Or Later – Debit vs. Credit
Which is better, debit or credit? Can’t decide if you should shop with a debit or credit card? This article will discuss some of the similarities and differences between shopping with a debit card versus shopping with a credit card.
Personal Loans, Get The Money
Personal loans can be obtained for any purpose. Whatever your need might be, lenders are there to offer you personal loans. Lenders offer personal loans for the unemployed.
Mortgage Debt Elimination How To Save Yourself From Compounding Interest Rate
Mortgage debt elimination, this is the word that rings a bell in many of the home owners out there. Ever imagined paying off your mortgage in one go when you strike a first prize lottery or the day you inherited a lump sum of cash from a deceased old woman down the street whom you always say good morning to? Reality says this is not going to happen nor is there any magical formula that will pay off your mortgage the next day.
Is Bankruptcy A Solution Or Headache?
One of the biggest myths is that if you file for bankruptcy you will be financially free and no longer have debt problems. Wrong! Bankruptcy is not the cure-all for getting out of debt. Over 1 million Americans file for bankruptcy every year. One in every 73 households files for bankruptcy. In 2005, 2 million Americans filed for personal bankruptcies.
How Your Credit Report Affects Your Financial Situation
Many people view credit reports like a visit to the dentist – it’s something that has to be done but they don’t like it. This is especially true for people who have had financial problems in their past, but the fact is it’s important to be familiar with your credit report because if you ever need to apply for a loan, that is where the lender will get their information.
How You Can Deal With Debt Collectors
When you’re dealing with debt, one of the most stressful things can be the constant harassment from debt collectors via phone calls and letters. Fortunately, you do have some rights and protection as you deal with them.
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Remember: Running away from your creditors is not the answer. It is not a solution, and may in fact lead you to bigger problems. If you are having trouble paying off your debts, address this immediately with your creditors.
How To Pay Off Debt
Dealing with credit card debt is not as hard as you may think. If there’s any consolation, you’re not the only one facing such situation. At some point, many people like you face financial crises with credit card debt.
How To Avoid Credit Card Fraud?
Wedding loans are also a type of personal loans. Wedding day is the most important day in everyone’s life. A wedding loan can make it very special. If you are calling all your friends and relatives, then you have to throw a big party.
How To Choose A Debt Management Service
Some very important factors, such as a grace period and subsidies, will also be part of the benefit package your consolidator can negotiate for you.