Sat.Dec 10, 2022

article thumbnail

Are 0% Balance Transfers a Good Tool for Getting Out of Debt?

Direct Recovery

Credit cards that advertise 0% balance transfers promote themselves as great options for getting out of debt, but like everything in the debt business, there is often much more to the story than you might think. If you are struggling with debt and looking for help, there is no doubt that a 0% balance transfer can help in a big way. However, these deals often add a whole new set of problems to the mix, so you want to do some research before jumping in with both feet.

article thumbnail

Mortgage rates fall for the third week in a row as inflation fears ease

Collection Industry News

CNN —. Mortgage rates dipped again this week, marking the third straight week of falling rates. The 30-year fixed-rate mortgage averaged 6.49 % in the week ending December 1, down from 6.58% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.11%. Mortgage rates have risen throughout most of 2022, spurred by the Federal Reserve’s unprecedented campaign of hiking interest rates in order to tame soaring inflation.

Lender 40