Sawin & Shea

MARCH 6, 2024

Understanding Debt Consolidation Debt consolidation is the process of taking out a brand-new loan and using the money to pay off other loans or debts. Pros & Cons of Debt Consolidation Debt consolidation can be great if you qualify for a loan with a low enough interest rate.

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Debt Free Colorado

JANUARY 20, 2024

You can consider filing for bankruptcy if you have overwhelming medical debt or persistent financial struggles. Some options are negotiating with creditors, structured payment plans, and debt consolidation. That means the debtor is no longer legally obligated to repay these debts.

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Credit Corp

JULY 26, 2021

What debts are forgiven at death, for instance? Can your family members’ creditors come after you now? Technically, personal debts aren’t forgiven at death. Executors handle all financial issues relating to the deceased person’s estate, including debt payments. Notify Creditors and Credit Bureaus.

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Credit Corp

APRIL 9, 2021

Is the Debt Snowball Method the Best? Is the debt snowball method financially optimal for paying off your creditors? Sure, paying down your debts with the highest interest rate would be mathematically and finally better. However, in my own experience, this is my favorite debt-reduction strategy.

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Credit Corp

APRIL 1, 2021

With the debt snowball method, you work to pay off the debt that has the SMALLEST balance off first. Sure, you continue to make your minimum payments to the rest of the creditors, but the debt that has the SMALLEST balance gets paid off first. Then, you work to do the same to your next debt.

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Credit Corp

MAY 1, 2024

Credit card debt forgiveness, also known as debt settlement, involves negotiating with creditors to reduce the amount owed on your credit card balances. It’s crucial to fully understand the terms and consequences before pursuing debt forgiveness and to explore other options such as debt management or consolidation.

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Credit Corp

MAY 4, 2021

Carmen Perez, a personal finance advocate for Varo Bank, said one way to get ahead of your debt is by calling up your creditors and asking for a rate reduction. Did you know it’s possible to negotiate your interest rate with lenders, especially if you’re in good standing? When calling, be sure to remain calm and polite.

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