Debt Consolidation

Do you have debt with high interest rates? If so, you may want to look into debt consolidation as a way to lower your interest rate and save money in the long run. Be smart about who you choose to work with, because there are some predatory companies that claim to offer debt consolidation loans, and you’ll want to avoid them. The blog posts below can help you learn more about debt consolidation and how to do it properly.

Debt Consolidation Vs. Balance Transfer Cards: Which Is Best?

When I was in my early 20s, I made a huge money mistake. A mistake so big that it led to several years of struggling with debt. A mistake that started off innocently enough but spiraled into larger and larger consequences due to the lack of foresight necessary to right the course. So what was this huge mistake? I ignored…

Lending Club Vs. Prosper: Which is Best for Debt Consolidation?

When someone talks about Peer-to-Peer (P2P) lending in the United States, they often are referring to one of two companies dominating the industry: Lending Club or Prosper. Both have been officially registered with the Securities Exchange Commission, and both have loaned over $1 billion each to borrowers around the country. Impressive, right? But even if you’ve decided that it makes sense…

A Review of Lending Club for Borrowers

When you have debt, there are two things that have a big impact on your repayment plan: your interest rate and your monthly payment. One common way that people change up their interest rates and/or monthly payments is by consolidating their debt. And one of the most common companies for doing that (which we’ve written about before) is called Lending…

What Is a Peer-to-Peer Loan?

You may have heard of peer-to-peer lending as an alternative way to get a debt consolidation loan or other type of loan. But you might not know exactly what it is. And in fact, most people don’t. Peer-to-peer lending is a relatively recent development. It’s a new sector of the lending industry that has been growing pretty quickly and whose…

Why We Created a New Debt Consolidation Tool

For those of us who are paying off debt, high interest rates can be our arch-enemy. Like a movie villain bent on foiling our best-laid plans, a high interest rate can wreak havoc on our debt repayment progress. The reason is pretty clear: when you have to dedicate more of your income to interest payments, you have less money leftover…

Do I Qualify for a Debt Consolidation Loan?

If I’m being completely honest, I really like it when things are spelled out for me. I’m all about those infographics that are packed with stand out stats. I’ll watch a YouTube video to learn how to properly use my electric toothbrush (seriously). I’m more than happy to sit through tutorials. In other words, I’m excited when there are resources…

Telling It Straight: Debt Consolidation vs. Debt Settlement

Here at ReadyForZero, we’re all about empowering people by helping them create a debt payoff plan and keeping them motivated along the way. However, there are times when it takes a little more than a payoff plan to get out of debt. In fact, a good starting point often happens before the plan. Why before? Because there could be ways…

Topics We’re Talking About: Streamlining a Debt Repayment Plan

There are few things I enjoy more than talking about my debt. I know, it’s weird. I’m the one who shares her financial mapping to strangers. The one who could list off her total debt number, her interest rates, and her projected pay off debt (seriously… I’m always checking in on my ReadyForZero plan). But I wasn’t always so financially…

Can A Debt Consolidation Loan Lower Your Payments?

Let’s be honest: holding large amounts of debt from multiple sources is overwhelming. The thought of repaying the money you owe may make you want to find the nearest hole that you can disappear into (and not come out of anytime soon, thank you very much). But understand that you can reach your financial goals — and you can achieve…