A Debt Mangaement Plan allows consumers to pay off credit card debt more quickly by reducing interest rates and consolidating multiple payments. Learn how Debt Mangement plans work.
For some consumers, declaring bankruptcy can provide relief from seemingly insurmountable debt. But the decision to declare bankruptcy should not be taken lightly. It is a legal process with specific rules and requirements. And in some cases it creates more financial challenges than it solves. Of course, if you are considering bankruptcy as an opti...
Credit repair is one of many financial services designed to help consumers improve their credit. The process involves hiring a company to dispute negative or incorrect entries on your credit report. It sounds simple, but it’s not always a straightforward process. Before choosing credit repair, there are some important details you should understan...
People who experience overwhelming financial hardship may consider declaring bankruptcy. It’s a viable option for many who have undergone a significant illness and the accompanying medical bills, long-term unemployment, or for whom credit card debt has become unmanageable. However, it’s not always the financial clean slate that people may be ex...
When you’re struggling with high levels of credit card debt, it can feel like your only option is to keep paying as much as you can each month and wait for the debt to someday go away. But paying minimum payments on multiple credit cards can feel like running on a hamster wheel: you’re working hard, but not really getting anywhere. Fortunate...
We all do our best to avoid them, but financial setbacks are an unfortunate fact of life. They can be events on a national scale, like the 2008 housing crisis, or something more personal such as job loss, major illness or excessive credit card debt. And they can strike at any time, even if you’ve been financially stable for years. But no matter w...
Dealing with high levels of credit card debt can be stressful and overwhelming. Simply making minimum payments on multiple accounts every month means paying off that debt for years to come. Fortunately, there are options that can help borrowers get out of debt more quickly. But not all options have a positive effect on consumers’ financial future...
Debt settlement can be an appealing option to consumers struggling with high levels of credit card debt. Because it allows borrowers to pay less than the total amount they owe, they think they’re getting a better deal than if they had to pay off the debt in full. But what many don’t realize is that settling debts can have major long-term implic...
Debt settlement is one option for dealing with problem credit card debt. Consumers who choose this option work with a for-profit debt settlement company. The company negotiates with creditors to reach a settlement agreement for less than the total amount the consumer owes. During the negotiation process, the consumer opens and makes deposits into a...
Carrying credit card debt can leave you feeling like you don’t have many choices. But the fact is, you don’t have to be stuck making minimum payments on multiple cards. There are alternatives that can help consumers pay off credit card debt more quickly and avoid paying years of high interest charges. One of those options is debt settlement....
When it comes to dealing with debt, there are many terms that may be unfamiliar or unclear. Debt consolidation is one of them. What is debt consolidation, exactly? And most importantly, can it help someone get out of debt more quickly and save money in the process? Let’s take a look: What is Debt Consolidation? Broken down into its simples...
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