Sawin & Shea

JANUARY 24, 2024

When you are overwhelmed by debt, you may start to wonder if declaring bankruptcy or pursuing debt consolidation is the better option. Understanding the key aspects of each can help you determine what is better, bankruptcy or debt consolidation, for your situation. The court reviews your finances to prevent fraud.

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Better Credit Blog

MAY 20, 2022

Whereas other loans like business or student loans are created for a specific use, you can decide how to use a personal loan. While the reasons to get a personal loan could extend beyond this list, here are a few of the most common reasons people take out personal loans. Consolidating Debt.

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Titan Consulting

APRIL 26, 2020

What Happens to Student Loan Debt After a Forbearance Ends ? The CARES Act waives student loan payments and interest for six months, until September 30, 2020, on all federal student loans owned by the Department of Education. Contact us today at (888) 488-4517 or Apply Online now.

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Titan Consulting

AUGUST 23, 2020

Bankruptcy does not generally discharge debts associated with child support, alimony, tax obligations, or student loan debt. The CARES Act also requires lenders to offer repayment options that include adding missed payments to the end of the loan, a loan modification, or refinance.

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Credit Corp

JUNE 15, 2020

Consolidate Debt. Debt is a common reason many people can’t afford to live on their own. Consolidating your debt is one way to potentially reduce how much it costs you. A debt consolidation loan or balance transfer credit card can help. TD Cash Credit Card.

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Credit Corp

MAY 4, 2021

For instance, work on getting rid of your high-interest credit card debt before moving on to your federal student loans. Calculate Your Credit Card Payoff. Becoming debt-free is a big goal that will likely take a long time to accomplish. Apply for a 0% Balance Transfer Card.

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Credit Corp

MAY 1, 2021

Many people also struggle to build their credit, and they must be careful about which personal finance decisions impact credit scores. The average American builds credit by opening a credit card account, acquiring student loan debt, or making car payments. Get Your Free Credit Report Card.

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Credit Corp

APRIL 23, 2021

These debts include high-interest debt and debts owed for depreciating assets. Credit cards typically carry the highest interest rates and so should be focused on first. Next, shift your focus to other higher-interest debt, such as student loans.

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Better Credit Blog

MAY 4, 2022

Debt consolidation is when you bundle several debts together into one larger sum and then make a single monthly repayment instead of multiple smaller ones. Consolidating debts with different interest rates and repayment schedules can make it easier to manage your finances. Debt Consolidation Guide.

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Credit Corp

MARCH 16, 2021

Is your credit card debt behaving like an unruly boy and has gone completely out of your control? Are you spending sleepless nights wondering how to get yourself out of a debt spiral? Or perhaps it’s a burgeoning credit card debt? How to Control Your Debt Yourself. Look Where You Are.

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Better Credit Blog

APRIL 11, 2022

Although accruing lots of debt isn’t ideal, it may sometimes be unavoidable, such as mortgage payments or student loans. In these situations, debt is considered positive mainly because your financial objective has value and long-term benefits. Debt Consolidation. Balance transfer credit cards.

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Better Credit Blog

APRIL 1, 2022

The best personal loans charge low fees and low fixed interest rates, have flexible loan amounts and terms, and have no prepayment penalties. A personal loan could let you access cash for any purpose. Since personal loans are unsecured, you’ll need an excellent credit score to get the best deal. Lending Club.

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Credit Corp

JANUARY 7, 2021

Unfortunately, holiday credit card debt lingers far longer than leftover turkey. If you don’t—or can’t—repay holiday debt promptly, it’ll accumulate over time. . >> Try these debt management apps. Go for Debt Consolidation. Go for a loan with a low interest. Check Your Credit Score.

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Credit Corp

JULY 25, 2023

Balance Transfers: While not a specific loan, balance transfers are a preferred method. They allow you to move existing credit card debt to a new card with a lower interest rate, potentially saving you money in the long run. Can You Pay a Student Loan with a Credit Card?

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Credit Corp

MARCH 4, 2021

Since the COVID-19 pandemic, a sharp spike in unemployment levels has prompted talk of an emerging debt crisis in the US. As Coronavirus began to take hold, household debt in the US peaked at over $14 trillion, mostly consisting of mortgages and student loans, alongside credit card debts.

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Debt Recoveries

OCTOBER 24, 2021

Whether you’re carrying credit card debt, personal loans, or student loans, one of the best ways to pay them down sooner is to make more than the minimum monthly payment. Doing so will not only help you save on interest throughout the life of your loan, but it will also speed up the payoff process.

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Better Credit Blog

JANUARY 20, 2022

This is why many people engage the services of a debt relief agency. TransUnion calculates that paying off $5,000 of credit card debt at the minimum rate costs $10,000 in interest. The fees you can expect to pay for Freedom Debt Relief’s services range from 15–25%. National Debt Relief vs. Freedom Debt Relief.

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Credit Corp

MARCH 3, 2021

Debt Payoff Plan. Once your budget is set up, and your debts all listed in order of interest rate, make a plan to pay them off. For example, do you first start paying your student loans, or your credit card? For sure, your monthly surplus will go toward paying down the debt. But which debt?

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