We start with, naturally, step 1. Step 1: Tally Your Debt Collect your monthly statements and write down the information in a table like the one below. Get a copy of your credit report from AnnualCreditReport.com to see if you missed any debts. Two brief asides: AnnualCreditReport.com...
The downside is that, unlike a debt consolidation loan, you aren’t lowering your interest rate. Instead, you can use one of these strategies alongside another, such as a personal loan. Should I consider credit card refinancing instead? Credit card refinancing, also known as a balance transfer...
One common way to reduce an uncontrollable credit card balance is with adebt consolidation loan. This is a type of personal loan that you take out at a lower interest rate than what you're currently paying on your credit cards in order to pay down debt faster and save money while doing ...
Applying is easy:You can apply for consolidation through theFederal Student Aid website. There's no fee, your credit doesn't matter (like it does with refinancing) and it shouldn't take longer than 30 minutes if you have all your information ready. Plus, you can see how different repaymen...
One common way to reduce an uncontrollable credit card balance is with adebt consolidation loan. This is a type of personal loan that you take out at a lower interest rate than what you're currently paying on your credit cards in order to pay down debt faster and save money while doing ...