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Seven Ways to Get Out of Debt in 2022

Better Credit Blog

Since more Americans are under pressure to resolve their debt, we’ve outlined several strategies that reduce or eliminate this financial liability. What is Debt? Debt is the amount of money you owe to a lender or creditor. Some examples of debt are mortgages, credit card dues, and personal loans.

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Personal Loans Statistics

Credit Corp

This is despite the fact that many lenders have made it more difficult to qualify for a loan. The top reason Americans were borrowing in January 2021 was to get out of debt. Some 37.17% of people surveyed who reported ever taking out a personal loan said they used the funds for debt consolidation.

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The Best Loans for People with Bad Credit

Better Credit Blog

Other factors to consider include: Fees – In order to cover the cost of processing a loan, some lenders will charge what is called an Origination Fee, usually as a percentage of the amount owed. Offers online financial education resources. Compare quotes from different lenders easily. Many educational resources.

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The Best Loans for People with Bad Credit

Better Credit Blog

Other factors to consider include: Fees – In order to cover the cost of processing a loan, some lenders will charge what is called an Origination Fee, usually as a percentage of the amount owed. Offers online financial education resources. Compare quotes from different lenders easily. Many educational resources.

Loans 52
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Everything There Is to Know about Debt Settlement

Credit Corp

As of the end of 2020, the level of American consumer debt hit $14.56 This incredibly high number is mostly composed of financial situations relating to peoples’ homes, vehicles, and loans taken out to pursue higher education. The average American home owes around $6,270 in credit card debt.