HELOC to Consolidate Debts
September 14, 2018
HELOC, or home equity line of credit, is a loan that is secured by your home. It is also referred to as a second mortgage. Your most valuable asset is often times your home and it can be used as collateral for pulling out another loan. A consequence of doing this is that if you are unable…
Can Debt Consolidation Really Help?
April 6, 2018
The answer is a firm yes and no. In order to determine if debt consolidation can really help you, you have to arm yourself with facts and commit to making it work for long term. Debt consolidation is not a quick fix. It can however, be a second chance at getting back on the road…
Debt Consolidation Versus Debt Negotiation
April 6, 2018
Debt Consolidation and Debt Negotiation are two ways to manage outstanding debts. Whether from credit cards, loans or other accumulated debts, the decision to resolve this issue can go a long way to repair a damaged rating. There are some real differences between the two methods. Debt consolidation can be done in several ways. One…
What is a debt consolidation loan?
April 6, 2018
Following the 2008 economic downturn, many people who formerly had good credit and a strong history of paying their debts on time found problems in making regular payments. What many of these people found as they missed payments for credit card and mortgage debt was the interest rate used for their credit cards began to…
7 Steps to Successful Business Debt Consolidation
March 29, 2018
Your business has accumulated multiple types of debts with varying amounts, interest rates, debt repayment schedules, and from different creditors. At some point, you feel like scheduling debt payments has already become big part of your routine and you don’t like that. You want your focus to be on your business, but you want to…