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Debt Consolidation Articles

Drowning in Interest? There's an Alternative
Drowning in Interest? There's an Alternative

Borrowers who make small, regular payments on high-interest credit cards may notice that their payments don’t seem to make much of a dent in their statement balance. That’s because the interest that accrues on the principal balance each month can sometimes make it feel as if you’re not making progress towards paying down your debt. Fortunately, a credit card debt consolidation loan can be a lower-interest alternative to high-interest credit card debt.

Debt Consolidation · 2 min read
Recession Tips for Tackling Debt
Recession Tips for Tackling Debt

When a recession hits, it’s best to be as prepared as possible for the financial ramifications that will ensue. There are many ways to become prepared, of course, such as: tightening your budget, setting up an emergency fund, and diversifying your investment portfolio.

Debt Consolidation · 3 min read
Snowball vs. Avalanche - What's the Best Way to Tackle Debt
Snowball vs. Avalanche – What’s the Best Way to Tackle Debt?

Paying off multiple debts is tough, but the ultimate reward (i.e., getting out of debt) is surely worth it. Whether it’s multiple credit cards, loans, or even medical bills—with a strategy in place that you can stick to, becoming debt-free is more than possible.

Debt Consolidation · 3 min read
Which Debts are Most Commonly Consolidated With a Personal Loan
Which Debts Are Most Commonly Consolidated With a Personal Loan?

Consumers are familiar with loans geared for specific purchases, like an auto loan or a home mortgage. These are examples of secured loans, because the assets in question are considered secured debt. In both cases, the car or home doubles as collateral for the lender in the event a borrower defaults on payment.

Debt Consolidation · 4 min read
Try These Tips for Managing Credit Card Debt
Try These Tips for Managing Credit Card Debt

Credit card debt can be difficult to manage. The deeper one is in debt, the harder it can be to get out. Managing any kind of debt involves developing (and maintaining) good habits. Budgeting and minimizing spending are good places to start. However, these will only go so far. To potentially save money on debt repayments, the solution lies in obtaining a lower interest rate, which can be achieved through options like a credit card balance transfer or refinancing with a personal loan.

Debt Consolidation · 3 min read
How Do Personal Loans Accommodate Debt Refinancing and Consolidating?
How Do Personal Loans Accommodate Debt Refinancing and Consolidating?

Using a personal loan to consolidate or refinance debt presents a great opportunity to save money on interest and get debt free faster. Yet many consumers aren’t quite sure how personal loans solve these problems, or how debt consolidation and refinancing work separately and together. 

Debt Consolidation · 3 min read
How a Personal Loan Can Alleviate Mounting Credit Card Debt
How a Personal Loan Can Ease Credit Card Debt

When credit card bills start piling up, consumers often experience the feeling of drowning in debt, with no end in sight due to high compounding interest rates. Aside from the stress of juggling multiple card balances, high credit card debt can also have a negative effect on your credit score, which can create even more financial hardship.

Debt Consolidation · 2 min read

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