Ultimately, the difference between the rich and poor when it comes to debt is understanding the difference between good debt and bad debt. The Rich Dad Company exists to help level the playing field. That’s why we expose Rich Dad Scams like “get out of debt.” Instead, we want to tea...
Some people figure out how much they have to put toward debt payments in total each month, divide it evenly among all of their loans and make payments until everything is repaid. But that strategy requires discipline, and most people aren’t successful in doing it on their own. Others make...
And if you’re hoping the president will bail you out by forgiving everyone’s student loans at once, don’t hold your breath. He already tried that andfailed. The truth is, putting your faith in a politician or the government is not how you get rid of debt—you have to do ityoursel...
The best bad credit loans are offered by online lenders, community banks and local credit unions. When starting your research process, look into the following institutions to avoid loan scams and predatory loans, like those offered by payday lenders. Online lenders Best for: Those who prefer to...
If you’re struggling to pay down debt, consider repayment options like the snowball and avalanche methods or a debt management plan. » MORE: Browse NerdWallet’s debt payoff tools How to spot scams for bad credit loans Unfortunately, bad actors are attuned to those who need loans with bad...
debt “quickly” if you consolidate your loans with them or refinance etc.Student loan consolidation and loan consolidation, in general, is not necessarily the best route. There is no secret to get out of debt quickly and most of these scams will leave you with an even bigger debt problem....
Beware of for-profit debt settlement companies that require you to pay up front. They may be scams. The Consumer Financial Protection Bureau has good guidance on how to pick a reputable credit counselor. How much debt is too much? One measure of financial health is your debt-to-income (...
» MORE:Browse NerdWallet’s debt payoff tools How to spot scams for bad credit loans Unfortunately, bad actors are attuned to those who need loans with bad credit, and may proactively try to get you to sign up for a loan that p...
Beware of for-profit debt settlement companies that require you to pay up front. They may be scams. The Consumer Financial Protection Bureau has good guidance on how to pick a reputable credit counselor. How much debt is too much? One measure...
What types of personal loans are there? And what are the risks you should consider? Here are some things you should know aboutgetting a personal loanwithout a job and some questions to ask yourself before taking on any new debt. Things to consider before taking out a personal loan ...