Getting out of debt is hard, but it's easier if you have a plan. The right strategy can help you get back on track and reduce your monthly payments so that you can finally pay off your debts. In this post, we'll go over some specific steps you can take to get out of debt faster than ever before! 1. List All Your Debts The first step to getting out of debt is to figure out … [Read more...] about 5 Steps to Get Out of Debt
You probably have no plans at all to go into debt. But the truth is that life can be pretty unpredictable, and sometimes, it's impossible to avoid getting into debt. That's just the way it is. The important thing is finding a way to get rid of debt and stay out of it. One way to do that is by getting a debt consolidation loan from a bank or credit union. Debt consolidation … [Read more...] about The Pros and Cons of Getting Debt Consolidation Loans
Debt consolidation is a type of personal loan that you can use to pay off any high-interest debt that you may have, typically stemming from credit cards. Consolidating any type of debt allows you to use a single loan to pay off one or more credit card balances. This can make your repayment plan much simpler. Depending on the amount of debt and the terms of the loan, it may … [Read more...] about What is Debt Consolidation?
There is a difference between being broke and being poor. Broke is a temporary state of finances. Poor is a mindset. Before you go on, promise me you will never refer to yourself as poor again. Even if you feel like you are. You may be broke, but you're not poor. Here is why you may be broke and how to stop it... 1. You Bought Too Much House If your house … [Read more...] about 5 Reasons You’re Broke and How to Fix It
Debt settlement can be a challenging procedure. The weight of debt may be heavy. It is too simple to lose patience with the collection calls, late penalties, and stress. It is possible to get out of debt. According to a recent study, late or underpaid invoices affected almost 62% of small businesses in the previous year. These unpaid debts resulted in 38% of respondents … [Read more...] about 10 Debt Collection Myths You Need to Stop Believing