Better Credit Blog

APRIL 11, 2022

You may be sent to collections. If you’re past due on your card and loan payments and your grace period has ended, it may go to collections. By connecting with representatives from debt consolidation and debt relief companies, you’ll have someone to guide you and discuss specialized plans to pay down debt and meet your financial goals.

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Credit Corp

FEBRUARY 23, 2024

Which debt relief option is right for you depends on your financial situation. Below, we’ll compare debt consolidation vs. bankruptcy and discuss some things to consider when choosing a debt relief service. What Is Debt Consolidation? Debt consolidation involves merging multiple debts into one loan.

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Credit Corp

MARCH 3, 2021

Are you wondering how to pay off debt fast, if you think you have no money? In this article, I’ll cover some strategies you can do today to pay off debt fast. The best way to learn how to pay off debt fast, even with no money, is by reducing spending, increasing income, and using the leftover monthly surplus to pay debt.

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Credit Corp

MARCH 16, 2021

The concept of the debt snowflake method is simple. You make tiny extra payments on the debts with your savings like snowflakes and work towards zero debt. Debt snowflake is a debt elimination method where small savings collected over time and extra income can make a big impact on your debt repayments.

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Credit Corp

APRIL 9, 2021

Have you stumbled upon numerous methods of eliminating debt ? Perhaps you find yourself wondering how to get out of an out of control debt spiral. If so, the debt snowball method could be a simple way to pay down debt.

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Debt Free Colorado

JANUARY 20, 2024

That includes the inability to pay other essential bills due to medical debt. You should not expect to receive collection notices for unpaid medical bills. Consider the overall impact of medical debt on your financial well-being. Home Equity Line of Credit (HELOC) can consolidate debt.

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Better Credit Blog

APRIL 20, 2022

An account you’re actively paying off appears in collections. For example, an account you think you’ve been paying off that appears in collections could be there because you’ve missed a notice from a creditor. Enroll in a Debt Relief Program. How to Consolidate Debt With a Personal Loan. Check Before Disputing.

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Collection Industry News

JUNE 13, 2024

Before completing a balance transfer, make sure you have a repayment plan in place so you pay off debt prior to the intro 0% APR period ending. Consolidate debt with a personal loan If you have a large amount of debt, consolidating it with a personal loan can be a good alternative to balance transfers that may not cover your total balance.

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Credit Corp

MAY 1, 2024

Filing triggers an automatic stay, which means creditors must stop their collection attempts while your case is pending. Once a debt is discharged , it’s gone forever. Your state may also impose income tax on forgiven debt. Filing for bankruptcy has several pros and cons. The biggest advantage is that it gives you a fresh start.

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Credit Corp

JULY 9, 2021

Does settling a debt hurt credit? The views and opinions expressed in this article are those of the author only and are not endorsed by Credit.com. The short answer is yes, it can and probably will. However, that does not mean that you shouldn’t do it.

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Credit Corp

APRIL 23, 2021

Paying off debt should be a high priority for every American. Earlier this year, consumer debt rose to $4.2 With so much uncertainty looming with the economy, along with the high debt and low savings of the average household, it’s more important than ever to work on paying off debt.

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Credit Corp

MAY 4, 2021

Dealing with debt can feel like a hopeless situation. Don’t worry: You don’t have to be stuck with debt forever. This article originally appeared on Your Money Geek and has been republished with permission. You try your best to make your payments, but interest charges eat up all your progress. Sound familiar?

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Sawin & Shea

APRIL 17, 2024

While different from Chapter 11, Chapter 13 is similar in the sense that it involves reorganizing and consolidating debts. This filing method is referred to as “the wage earner’s plan” because filers repay some of their debt balances with their regular income.

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