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Top Money-Saving Tips and Tricks to Beat 2020 Holiday Debt

Credit Corp

. >> Try these debt management apps. Go for Debt Consolidation. If you want to lose the plastic altogether, think about applying for a debt consolidation loan. Go for a loan with a low interest. Then, avoid putting any more money on credit cards until you’ve paid off most of the consolidation loan. .

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How to Repay Debt: 4 Options

Debt Guru

Sign up for consumer credit counseling. Reach out to a credit counseling agency. They will create a debt management plan (DMP) for you by evaluating your budget and determining an affordable monthly payment for all your debt. Combine your debts into one. The worst that can happen is that they’ll say no.

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FAQs About Debt Management Plans

Debt Guru

How do I choose a debt management agency? The Federal Trade Commission recommends finding a reputable credit counseling organization that uses certified counselors trained in consumer credit and debt management. What types of debts can I lump together in a DMP? Student loans aren’t covered, either.

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How to Use Alternative Data to Build Your Credit Report

Titan Consulting

As lenders acknowledge the need for alternative credit data, companies are finding innovative ways to track non-traditional payments without requiring consumers to borrow money or use a credit card. Rental agencies and alternative credit providers use the data to screen applicants and establish consumer credit scores.

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FICO XD is Changing the Way Consumers Build Credit

Titan Consulting

In the last 30 years, the Fair Isaac and Company, better known as FICO, changed the way the lenders evaluate consumer applications. The FICO score, introduced in 1989, uses consumer credit payment history, to create a proprietary three-digit number predicting future repayment risk. Which Lenders Use the FICO XD.