You can contact your creditors, explain your situation, and ask them to work with you to pay your debt. This does not require good credit, an application process, or paying any fees. Many creditors are willing to work with you by lowering interest rates, waiving late fees, or giving you ...
Consolidating your credit card debt may be a good idea if the new debt has a lower APR than your credit cards. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an actio...
The Federal Trade Commission’s How To Get Out of Debt: This FTC page teaches you how to exercise your rights under the Fair Debt Collection Practices Act and recognize debt-related scams and frauds. Studentaid.gov: You can have your federal student loans forgiven, canceled or discharged. Lea...
Debt consolidation rolls multiple debts into a single payment. It can be a good idea if you qualify for a low enough interest rate. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or clic...
Before you proceed with any debt consolidation method, here are some factors and questions to consider: Credit score.Is your credit score good enough to qualify for a zero- or low-interest balance transfer credit card or low-interest loan? If you can't get a rate that's significantly lower...
Pros and Cons of Debt Management Plans Pros No credit application:You won’t need to have a good credit score or take out new credit. Potential cost savings:The agency could negotiate better rates if your creditors participate. Support from credit counselors:You can get professional help for ma...
This is when you use the equity of your vehicle to obtain a loan from your lenders. The money you cash put can be used to pay off your debt or other expenses. Similar to home equity loans, a missed payment can risk the loss of your vehicle. Therefore, although an option, it is n...
Avant is a good option if you have bad credit and need to eliminate debt. Qualifying borrowers can take out an unsecured personal loan with a credit score as low as 580. You can receive loan amounts of up to $35,000. This is a lower amount than what you can find at other lenders,...
Most balance-transfer credit cards come with a 0% introductory offer for a year or more, giving you ample time to pay down your high-interest debt from other credit cards. If you can manage this repayment time frame and have at least fair or good credit, a balance-transfer card is a ...
Can I remortgage to pay off debt? Is it a good idea to consolidate debt with a mortgage? When might remortgaging to consolidate debt be a bad idea? How easy is it to remortgage for debt consolidation? Can I remortgage to pay off debt with bad credit?