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Archive for the 'Debt Consolidation' Category

How to prepare for a debt-consolidation loan

If you use the convenience checks from one credit card company to pay your bill to another or for daily expenses such as groceries or your utilities, you are digging yourself ever deeper into debt. It is fairly common for consumers to avoid facing the reality of their credit card debt; but if you're ready for a real solution, then you need to take steps to develop a plan to eliminate your debt problems.

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5 tips to make a debt consolidation loan work for you

If you struggle to pay multiple credit card bills each month along with your student loan, your car loan and your mortgage, wrapping all those bills into one monthly payment may seem like a dream come true. But before you apply for a debt consolidation loan, you need to take steps to ensure that your financial plan doesn't backfire.

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Debt consolidation done right

Debt consolidation through a refinanced home loan can offer a tempting promise -- the exchange of your maxed-out credit cards for a clean slate. The trouble is, consolidating debt with a refinance doesn't reduce it by a cent. It just moves your balances to your mortgage lender.

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Can you get a mortgage if you're in credit counseling?

If you are managing your debt with credit counseling or a debt management plan, will that count against you in the mortgage qualifying process?

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Debt Consolidation Should Not Include Upfront Fees

Debt settlement, debt management, and debt consolidation firms are taking great pains to induce you to call them. They are bombarding the radio and TV with advertising geared towards consumers who are being consumed by credit card debt. They stuff your mailbox with fliers and brochures designed with the desperate in mind. And they flood your email with more ads than Pakistani "Viagra" sellers.

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How Long Does it Take to Clean Up Bad Credit?

People who never had to worry about bad credit in the past are worrying about it now. If the economy dealt you a bankruptcy, foreclosure, debt settlement, or a slew of late payments and collection accounts, you probably want to know how long it will take to recover and have good credit again. The answer? ...

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Is Debt Management Better than Bankruptcy?

Okay, you're probably going to be glad to see 2009 go. You lost income. You gained debt. Cutting out lattes ain't going to cut it when it comes to debt relief. You want to start the new year by getting a handle on your debt. You could be good in the future if you could ...

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