Being in debt is no fun, especially if you are struggling to make ends meet. Because debt is a complex issue but there may be more than one solution. This article will outlines 12 common methods use by most of debtors to get rid of their debts. Find out these 12 debt solutions from here.
Home Equity Loans Versus Consumer Credit Counseling for Debt Consolidation
With the recent bankruptcy reforms, some consumers might turn to consumer credit counseling to get out of their heavy debt. But, do not forget one of your biggest assets is the home in which you live. While consumer credit counseling does work for many people, some mortgage industry experts think a home equity loan could erase your debt faster and improve your credit almost immediately.
Debt Consolidation Loans
Wouldnt it be nice to make just one payment per month instead of several? Most of us not only have a mortgage payment. We have car payments, credit card payments, student loans, etc.
Consolidate Your Government Student Loans
Consider consolidating your student loans into one loan especially if you find yourself drowning in debt or overwhelmed by a myriad of life’ responsibilities.
Dealing With Debt!
Nobody wants to go into debt. Before things are getting worse and far out of hand, you should learn about some of these debt handling solutions.
First of all, you should know about basics. Basics are lower insurance deductibles for your homeowners, renters and vehicles policies where appropriate and save money. Dont take chances on bouncing checks; instead get covered with overdraft protection and pay about the same as what it would cost for one bounced check to cover ou…
4 Keys To Freeing Yourself From Debt
Debt is a way of life for many Americans. We owe money on our homes, our cars, our possessions (from furniture to clothes), and our education. Many Americans are so mired in debt they aren’t even sure just how much they owe and to whom — even worse they sometimes don’t even remember just what caused their debt.
Some debt is good for you. For example, what you owe on your home can provide a nice way to balance out your income tax. A little debt is not a bad thing either as…
9 Steps To Get Out Of Debt – Part 1
Nowadays, debt has become a standard part of life. It comes in many forms including student loans, medical bills, auto loans, unpaid utilities, mortgages, money borrowed from friends and relatives, store credit and the most dreaded of them all, credit card debt. Its a part of life for almost all of us, rich or poor, but it doesnt have to be. In this nine-part series of articles you will learn the steps to take to become completely debt-free and stay debt-free.
Let me sta…
9 Steps To Get Out Of Debt – Part 4
Step 4 – Reducing Your Interest
If you have read the previous articles, so far you have learned how wide spread of a problem debt is, the true impact it can have on your life, and how to determine exactly how much debt you have and how much it will actually cost you. The next step is to attempt to reduce your interest rate. There are several ways you can accomplish this.
Well start by looking at what are typically known as the highest-interest debt, credit cards. Belie…
9 Steps To Get Out Of Debt – Part 8
Step 8 – Getting Insurance
Most people are only one major disaster or a few weeks of unemployment away from bankruptcy. If you have done all this work to get out of debt, you dont want it to all be in vain, just by one major crisis hitting you or your family. Theres nothing you can do to totally protect yourself from every type of catastrophe, but there are steps you can take to significantly reduce your risk.
The first half of this article is going to be on insurance…
9 Steps To Get Out Of Debt – Part 9
Step 9 – Investing
This is the last article in our series on how to get and stay out of debt. So far you have learned the impact of debt, how to analyze your debt, reduce your interest rates, free up some extra income, pay off your debt, avoid falling back into debt, and insure yourself against unforeseen circumstances. This final article will show you how to invest financially into your future.
So far, businesses have been making money off of you by lending you their m…
Refinancing Your Home Equity Line Of Credit – What Are Your Options?
Several options are available when deciding to refinance your home equity line of credit. You can opt to refinance all your mortgages into one. Or you can rollover your line of credit into a second mortgage. Available terms and rate structures also give you flexibility in structuring your payments. Make sure that when you refinance, you find the lender with the optimal financing for your selected terms.
The Decision To Refinance All Or One
While you are refinancing your…
Loan Analyzis: Home Equity Loans Versus Revolving Home Lines of Credit
Homeowners looking to tap into the equity in their homes are faced with choosing between a home equity loan and a home equity line of credit (HELOC). This can be a difficult decision, as each type of second mortgage loan has distinct benefits, and both are tax-deductible, but if you understand the basic differences in their structure, you can make an intelligent decision for you, your family and your financial future.