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.

Everything You Need to Know About Debt Settlement

In 2009 I worked for with some of the largest debt settlement companies, many of which are now out of business or shut down by their state’s Attorney General.  Debt settlement services are still rampant across the country.  They give you high expectations that you can cut your monthly payments and debt in half.  For someone who is knee deep…

3 Emotional Side Effects of Debt and How to Handle Them

Credit: Art G.

The tangible results of debt – calls from bill collectors, denial of loans, a growing stack of past due bills – may seem like the worst part of this ever-growing financial problem. But the reality is, these events would mean little if, underneath the surface, you weren’t dealing with the intense emotional effects of the issue. Being financially indebted to…

5 Reasons To Reevaluate Your New Year’s Financial Resolutions

Credit: Miquel Angel Pintanel Bassets

Dreaming is undeniably easier than doing. So when we sit down to make resolutions at the first of the year, it’s easy to be blinded by the excitement of possibility without much thought of the actions we’ll take to turn those dreams into reality. Then enters the guilt. Guilt that we failed so quickly, guilt that we don’t actually know…

Does Debt Consolidation Help or Hurt Your Credit?

If you’re struggling to make the minimum payments on your debt, missing due dates and not making any substantial headway in the process, you’re credit score likely already mirrors your situation. After all, these three numbers are supposed to be the quickest snapshot of your financial health and ability to repay creditors. Debt consolidation may be an option you’re considering…

3 Questions to Ask Yourself Before Pursuing Debt Consolidation

Bills can spur a great deal of anxiety – especially when they represent a seemingly insurmountable pile of debt. If you’re struggling to make payments to multiple creditors at various amounts on different dates throughout the month, you’re likely feeling the pressure. Debt consolidation and the promise of wrapping each debt into one predictable monthly payment might seem like the…

Christian Debt Consolidation Reviews

Grain landscape

We’ve noticed that frequently when people search for debt consolidation services, they search for companies that identify themselves as Christian debt consolidators. While we’re not affiliated with any religion, we can certainly understand the desire to work with a company that shares your values, especially when it comes to debt consolidation – an industry where there is a significant amount…

A Review of Prosper for Borrowers

We’ve been discussing how to find reputable debt consolidation loans lately, and last month we wrote a comprehensive review of Lending Club, which is a peer-to-peer debt consolidation lender. Today, we’re looking at their main competitor, another peer-to-peer lender called Prosper. Both companies are similar, but with some key differences. Like other lenders, Prosper can help you get a lower…

What NOT to Do If You Get a Debt Consolidation Loan

What should you do before and after you get a debt consolidation loan? That’s a great question. Let’s say you’ve weighed your options and decided on a peer-to-peer debt consolidation loan through Prosper or Lending Club. But what now? Is there anything you should know before going ahead with it? As it turns out, there are a few tips for people…

How Can I Consolidate Credit Card Debt with a Personal Loan?

You’re in debt and you want a lower interest rate in order to repay your debts faster, but you’re not sure how to get one. One option is through debt consolidation with a personal loan. What does that mean exactly? It means taking a personal loan, such as from a bank, credit union, or peer to peer lender, and using…