Debt Guru

MARCH 6, 2020

Start by determining how your debt compares to your income. Use the same formula that lenders rely on when evaluating a loan application. It’s called your debt-to-income ratio, and it’s your total monthly debt payments divided by your gross monthly income. Contact our experts today to begin your journey out of debt.

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Debt Guru

OCTOBER 22, 2021

Here are four important things that your lender might not tell you – but knowing them can spare you a world of financial hurt. Many lenders permit you to name your own deadline, so you can choose a date that works best (such as a deadline that falls after payday). Understand What You Owe. Know When Your Payment Is Due.

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Credit Corp

OCTOBER 25, 2023

Since payment history is the most important factor that influences your creditworthiness, not making payments on time can damage your credit score. The advantages of credit card consolidation include lower payments, faster debt payoff, and fewer bills to keep track of. Step 2: Get prequalified with a couple of lenders.

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Credit Corp

FEBRUARY 9, 2024

Debt settlement, for example, utilizes some tactics that generally have a more negative effect than other types of debt relief programs. Credit.com’s free credit report card tool can help you better understand your current creditworthiness and which factors you need to work on to help you improve your standing.

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Credit Corp

MAY 1, 2021

The consumer system is set up so that most purchases depend on applicant creditworthiness and a focus on being in debt responsibly. Here are a few ways to reduce the amount owed on debts from major purchases. It helps to pay off the loans for these purchases as quickly as possible to minimize the loan term’s accruing interest.

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Credit Corp

AUGUST 8, 2024

If you can get approved for credit, you might face higher interest rates, loan denials, or even higher security deposits for rentals since you’ll be seen as less creditworthy to lenders. These organizations offer free or low-cost financial counseling and debt management plans.

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Burt and Associates

JANUARY 10, 2025

While revenue growth and customer acquisition are often the focus, effective debt management is equally critical. One tool that stands out in managing debts and ensuring steady cash flow is amortization —a concept that can make seemingly insurmountable debts manageable and predictable.

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