How to Get the Best Rate on a Loan
If you need money for the short or long term, it’s important to remember that not all loans are created equal – and the price you pay for that money (in fees and interest) may vary dramatically. What do you need? Before shopping around for loans, you should know how much money you’re looking to…
Read MoreIs there anyone who will work with you one-on-one to get out of debt?
Is there anyone that works one on one to get the person to get out of debt and credit collections? Submitted by Amanda B. Credit “repair” is a hot topic and you are wise to seek out someone reputable to help you sort out the best solution for your situation. The CFPB (Consumer Finance Protection…
Read MoreDebt Consolidation: What is it and is it right for me?
If you’re dealing with multiple loans, chances are you’ve heard of debt consolidation (think of those obnoxious radio or tv ads). But what exactly is debt consolidation? Put simply, debt consolidation allows you to consolidate all of your debts into one payment. This will combine all your debt amounts, and it may offer a lower…
Read MoreWhat is trailing interest and how do I avoid it?
What is “trailing interest”? I just got a credit card bill with interest charged after I paid it off! Submitted by Sasha. When you are using credit cards, timing is everything. The difference between the date you make a credit purchase and the date you pay can have a huge impact on the “cost of…
Read More“What credit card refinancing options do you recommend?”
What are some credit card debt refinancing options you recommend? Submitted by anonymous. My favorite approach to debt reduction is a payment plan. It helps you reduce interest by paying the debt in a way that works within your budget. A payment plan also minimizes the risk of consolidating, which can incur additional debt. If…
Read MoreHow to Pay Down Your Debt
“The ONE aspect of our financial lives that causes the most distress” (cue Jeopardy music) “What is DEBT?” Correct! Yup, you guessed it (or maybe you’ve lived it). Debt is the number one cause of financial stress in the U.S. The “right” way to pay off that debt is a constant source of confusion. Even…
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