Are you getting calls from a debt collector? Or are several debt collectors calling you. If so, I don’t have to tell you what an unpleasant experience this is. Debt collectors are usually paid on a sort of commission basis, which is that they get paid based on how much they can collect from debtors […]
Is There A Best Way To Consolidate Debts?
If you’re struggling with debt, especially unsecured debts, one option for getting them under control is called debt consolidation. It has been used successfully by many families to manage their debts when they owe too much to their creditors. The idea behind debt consolidation is simple. It involves using new debt to pay off older […]
Good Loans, Bad Loans
You may have heard the phrase good debt, bad debt. It’s based on the idea that some of your debts can actually be good debts. These are debts incurred for items that are expected to appreciate in the years to come. A mortgage is the number one example of good debt because you can live […]
Credit Consolidation Loan – Could It Be Your Path Out of Debt Slavery?
Are you a slave to your debts? Many Americans are. As of July of this year, the average household credit card debt was $7,149 and the average indebted household debt was $15,325. Since that $15,325 is just an average, you can imagine how much more debt some people are carrying. If you owe this much […]
Debt Consolidation Loans – Miracle or Mirage?
The funny thing about credit card debt – if it can be said that there is anything funny about it – is the way it can just sneak up on you. I read recently the story of one couple that had more than $100,000 in credit card debt and had never done anything extravagant. They […]