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8 Ways to Consolidate Credit Card Debt 

Credit Corp

Debt consolidation allows you to take multiple debts and combine them into one, and you can do this with your credit card debt. Doing this makes managing the debt a little easier, and you may be able to get a lower interest rate. Table of Contents: What Is Credit Card Consolidation?

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Consolidating Your Debt? Here’s What NOT to Do

Debt Guru

Because your home’s equity is backing the loan, you could face foreclosure if something catastrophic prevents you from affording the payments in the future. Instead, consider a personal loan (that is unsecured and doesn’t require collateral to get approval) to consolidate your debt.

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Debt After Death: 9 Things You Need to Know

Credit Corp

If beneficiaries can’t or won’t assume the loan, they can sell the property to settle the debt instead. If your loved one doesn’t have any beneficiaries listed on their will when they die, their mortgaged property may go into foreclosure. At that point, their bank will sell the property to recover the mortgage debt.

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How Does a Debt Consolidation Program Work?

Titan Consulting

Debt consolidation might include a debt management repayment plan, credit card balance transfer, personal loan, or equity line of credit. The main strategy in any debt consolidation strategy involves replacing one debt with another debt, usually with a lower interest rate or monthly payment.

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Need to Know About Debt Negotiation and Settlement?

Sawin & Shea

If you’re dealing with debt and considering filing for bankruptcy, it’s a good idea to get professional legal advice on how to handle the proceedings. There are countless scams and “credit repair” cons trying to take advantage of your situation when you need help the most. Should I File for Bankruptcy?

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The Best Debt Consolidation Loans

Better Credit Blog

Whereas rates on credit cards can be 13-25%, average rates on personal loans are 14-18%,” says Toms. They can vary widely, however, from just over 4% annually (for people with exceptional credit) to 25% for people with poor credit.”. Best Debt Consolidation Loans. 10 late payment fee.

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The Best Debt Consolidation Loans

Better Credit Blog

Whereas rates on credit cards can be 13-25%, average rates on personal loans are 14-18%,” says Toms. They can vary widely, however, from just over 4% annually (for people with exceptional credit) to 25% for people with poor credit.”. Best Debt Consolidation Loans. 10 late payment fee.