To Consolidate Debt or not to Consolidate Debt? That is the question. The answer is ... most likely yes. If you have the creditworthiness to have several higher interest rate debts consolidated to a lower interest rate than it's hard to see why it wouldn't make sene to do. When thinking about consolidating your debt there is really only two considerations to make, will you have lower monthly payments and will you pay … [Read more...]
Archives for November 2012
Is consumer debt sinking you?
What is consumer debt? Consumer debt is any debt that you as a consumer take out personally. Consumer debt includes student loans, credit cards, car loans, boat loans and mortgages to name a few. In the US we have about 13.5 trillion dollars in mortgage debt between all of us. Over 1 trillion in student loans and roughly 850 billion in credit cards. These are some big numbers and as long as we are working and … [Read more...]
Top 3 tips for choosing debt companies
Top 3 tips for choosing debt companies - Do you need help getting out of debt? You may want to look at debt companies as a solution. A good one will have a lot of experience and knowledge in what could be the best way for you to get out of debt. That being said it is wise for you to do your own due diligence before hiring one. With the economy still lagging there are still a lot individuals and families out there … [Read more...]