If you are drowning in credit card debt or other debt, perhaps a debt consolidation loan is the answer. The options vary from a home equity loan or refinancing home loan to a secured or unsecured loan. Learn what questions to ask before signing.
A recent TransUnion survey shows that while credit card usage spikes across the nation, so does borrowing in general. More particularly, unsecured personal loan usage for credit card consolidation. The study, “Debt Consolidation in a Rising Economy” found that those who used an unsecured personal...
Explore your options to pay off credit card debt If you’re having trouble with high-interest credit card debt, there are several options that may help you. Debt consolidation loan:This involves taking out a new loan to pay off your existing debts. It can replace multiple bills with one si...
If you're dealing with compounding credit card debt, these strategies can help you get rid of it.
A debt consolidation loan is an unsecured loan, used exclusively to combine multiple debts into a single balance. These loans may be offered by major banks, credit unions, or online lending firms. Many debt consolidation loans are personal loans. With debt consolidation loans, it’s important ...
Credit card debt consolidation loanWith this type of loan, multiple unsecured debts are combined into a single, new loan with a lower monthly payment amount and reduced interest rate: Reduce high-interest debt Make your debt easier to manage Save with a lower monthly payment...
A debt consolidation loan allows you to combine multiple high-interest credit card balances into a single loan with a lower interest rate. These loans are typically offered by traditional banks and credit unions and most debt consolidation loans are unsecured, meaning you don't need to provide co...
4. You can lose everything: Consolidation loans are secured loans. If you didn’t pay an unsecured credit card loan, it would give you a bad rating but your home would still be secure. If you do not pay a secured loan, they will take away whatever secured the loan. In most cases,...
Get out of debt within 12-36 months Save much more than with debt consolidation or credit counseling Relieve the financial and emotional burden by getting help before it's too late! Qualifying Debts Credit Cards (unsecured) Personal Loans (unsecured) ...
Locate secured and unsecured credit cards, loans for good and bad credit, debt help, credit reports, merchant accounts, and credit repair services.