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The Best Debt Consolidation Loans

Better Credit Blog

Even just one outstanding debt is a headache that can drag down your credit rating and make it tough to get a loan for a home or a car. Having several outstanding loans is even worse, as it can be difficult to keep track of payments and due dates, which makes it easier to miss a payment and thus damage your score even further.

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The Best Debt Consolidation Loans

Better Credit Blog

Even just one outstanding debt is a headache that can drag down your credit rating and make it tough to get a loan for a home or a car. Having several outstanding loans is even worse, as it can be difficult to keep track of payments and due dates, which makes it easier to miss a payment and thus damage your score even further.

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Should You File for Bankruptcy if a Strong Economy is Just Around the Corner

Titan Consulting

If you do not qualify for a Chapter 7 bankruptcy to liquidate your debts, you may be required to pay back a significant portion of your debts under a Chapter 13 Bankruptcy, and still suffer the negative impact to your credit score. Filers can typically retain the home and vehicle as long as you make payments on the loan.

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Consumers Getting Shut Out of HELOC’s as an Option to Raise Cash During the Coronavirus Pandemic

Titan Consulting

Lower interest rates mean saving on variable rate loans like credit card balances and HELOCS. Refinancing and new mortgage processing times are increasing due to the logistics around various loan processing procedures put in place during the global pandemic. Bank Lending Policies. What are the PROS and CONS of a HELOC?

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Paying Bills Later: Considering Financial Consequences of Delayed Payments Due to COVID-19

Titan Consulting

Suspending rent payments die to COVID-19 may put you at risk for foreclosure if you can’t make up your deferred payments all at once. Through the CARES Act, federally guaranteed mortgages , which cover two-thirds of home loans in the US, permit borrowers to delay payments, through a forbearance, for up to 12 months.

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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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Should I Pay Off My Credit Card Debt or My Mortgage?

Titan Consulting

Falling behind schedule on your mortgage payments could result in you losing your home to foreclosure. Paying Credit Card Debt in Retirement. Double-digit interest, compounded daily, makes it difficult to eliminate this type of debt and costs the most over time to maintain.