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Debt Consolidation or Debt Settlement, Which Should I Choose? 

You have a financial problem, and you need to solve it quickly by using either debt consolidation or debt settlement. However, you have no idea what these two financial services do, or what their advantages and disadvantages are. You are confused and need some guidance before taking the next step. This is where we come in. We will present and discuss these two financial services, what service works best and what can negatively affect your finances the most. Make sure to you speak with a financial counsellor before making any decision. Making a wrong move in a situation like this […]

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Top Alternatives to Debt Consolidation Loans

Debt consolidation loans are great when your financial situation is not looking so well. Requesting a debt consolidation loan can make your life easier because you will get to have a better control of your finances and debts, to some extent. But is it the safest or the only method of dealing with debts? We will present the top alternatives for debt consolidation loans and discuss whether or not they are worth your time. Details about Debt Consolidation Loans This type of loan is unsecured, and it’s used to pay many unsecured loans. In other words, you use one loan […]

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Can I Use Second Chance Loans to Rebuild Credit?

You’ve finally had it with credit providers turning down your loan applications. Before you stress yourself out in thinking how to get out of a financial mess, read on and learn about second chance loans and how it can possibly help you out. Second chance loans explained It is a type of subprime loan for people with bad credit so that they can either rebuild their credit history or finance vehicles while enjoying a favorable loan rate, or both. It usually comes with a fixed interest rate, which you have to pay within the repayment term you have selected. This […]

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Debt Consolidation vs Debt Management: What You Ought To Know

Have you tried comparing debt consolidation vs debt management? Each strategy is a tool to financial freedom, but there are things that you need to know before you choose between the two. What is a debt management plan? First and foremost, it is not a loan. It is a plan-where you hire a debt management company to work with your creditors with the purpose of reducing not only the interest rates on your loans but your monthly payment as well. Some companies agree to waive the penalties while others simply reduce them. You will agree to an affordable payment schedule […]

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Consolidating Your Credit Card: Risks and Rewards

If you have an overwhelming credit card debt, you may have considered consolidating your debt to deal with your mounting financial obligations. But, while consolidation for credit cards seems to be an easy way out, it has its own pros and cons. Here are some of the risks and rewards of consolidating credit card: Rewards of credit card consolidation Debt consolidation helps you combine all your unsecured debts into a single payment each month. The loan shall pay off all your existing credit card bills, and in exchange you’ll agree to pay back the loan until you paid it back […]

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2 Subtle Signs Its Time To Get Debt Relief

Do you have to be on the brink of bankruptcy before you apply for debt relief? Absolutely not. At the same time, debt relief isn’t usually necessary for every little financial problem, especially if you have a strong business and an emergency fund. So how do you know when it’s time to apply for a debt relief like a debt consolidation loan? Most people can benefit from debt relief once in a while. Sometimes the tell-tale signs are obvious but at other times, you just let debt fill the gap. So, you go on with your usual spending habits and […]

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Pros and Cons of Consolidating Debt as a Student

Many individuals plan to pay off their debts as a student but there are still those who do not succeed because of lack of real motivation and poor debt management strategy. But, the question is—would it be wise to be consolidating debt as a student? You may have been frequently reminding yourself of the reasons you want to get out of debt-be it student debt, credit card debts and other loans. But, will paying it off while you’re still a student benefit your life? What are the things that can you do when you’re debt free that you cannot do at […]

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3 Reasons to Consolidate Your Debt

Who wants to be bothered with multiple debts?  It takes time to pay a loan, and how much is left on your monthly budget can greatly affect the way you live. Plus, life has its own surprises that you have to deal with, and you need to spend money on them, whether you like it or not. If you’re looking for top reasons to consolidate your debt, take note that  a debt solution is the first step towards freedom from debt. While you can choose bankruptcy and other methods to solve your debt issues, it is still important to look […]

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Types of Consolidation Loans

Many Australians borrow money for various reasons, and believe it or not, debt is becoming a normal part of life. And, so is struggling to pay debts. Many borrowers juggle from one payment to another and sometimes, being in default status is becoming normal for some people. Debt consolidation is one of the most effective ways for borrowers to protect their credit and manage their debt. With debt consolidation, you make one monthly payment for all your loans-and it is usually lower than the total monthly payments of all your existing loans. But which type of debt consolidation loan options […]

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The Advantages of Consolidating Your Debt

If you’re worried that you’re not keeping up with your monthly bills, take a good look at the advantages of consolidating your debt and see if it matches your needs. Lower monthly payments Do you want to save some money each month? You can lower your loan payments through debt consolidation. When you consolidate your loan through another loan, you are simply paying off all your existing loans with a new one that usually carries a lower interest rate or a longer loan term, or both. You can save thousands of dollars on the principal and interests, depending on the […]

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