Pros and Cons of Debt Consolidation: Is It Worth the Effort?

Personal loans have been rising in the U.S. over the past decade. According to TransUnion, the total outstanding personal loan debt in the United States is $143 billion. What’s the reason for the sudden increase? Debt consolidation. According to one recent study, 39.7% of loan applicants with high credit scores used their personal loans to […]

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Feeling Crushed by Debt? The Avalanche Method Could Help You Break Free

The formation of an avalanche is called the Starting Point.  They begin slowly and can quickly spiral out of control, making it difficult to escape – just like your personal debt. The hardest part of getting out of debt is finding your starting point. Debt avalanche could be the debt repayment method to keep you

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8 Best Debt Relief Companies to Get the Help You Need

Americans racked up more than $180 billion in credit card debt in 2022. If you’re losing sleep over paying your credit card bills or the debt collectors are hounding you, it’s time to get relief.  Best Debt Relief Programs Credit Summit researched dozens of debt relief companies and their programs based on customer service, debt

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How to Stop Using Credit Cards: 8 Tips and Tricks to Break the Habit

A credit card can be a valuable tool. It can also be a huge financial burden. Credit cards have led millions of Americans into an unsustainable cycle of uncontrolled spending and high-interest debt. If your cards are maxed out, you’re routinely carrying a balance, or you’re using your cards for impulse spending, it’s time to

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New Era Debt Solutions Review: Pros, Cons, Features, Ratings and More

Total household debt hit $16.51 trillion in the third quarter of 2022, and $925 billion of that is credit card debt. A LOT of people are struggling and looking for solutions. Debt settlement is one strategy that can help you pay off your debts efficiently without risking your other resources. You could even DIY it

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How to Check Your Credit Report and Dispute Errors

Ever checked your credit report and noticed something unusual? Perhaps a mortgage you didn’t take out or a credit card bill you swear you’ve paid? Credit report errors happen all the time. Fortunately, it’s easier to fix them than you might think. Common Mistakes on Your Credit Report  Credit reporting is an imperfect system. More

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Credit Card Refinancing vs. Debt Consolidation: Pros, Cons and Which Is Best For You

Credit card refinancing or debt consolidation may be good options if you have a lot of debt and need help paying it off. Both options can make it easier to manage your monthly payments and, ultimately, end up debt-free. Done right, credit card refinancing or debt consolidation may also result in you paying less money

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