debt payoff
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Borrow Money Articles
Habits of People Who Never Have Credit Card Debt
Since most of us aren’t rich, we have to get loans to buy a house, a car or complete an education. And because we often rely on financing to accomplish goals, some people have the attitude that debt–regardless of the type–is a normal part of life. Not only do they acquire loans, but they also rack up a lot of…
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Borrow Money Articles
Debt Snowball or Debt Avalanche: Which Debt Elimination Method is Best?
For a long time, people would tell me how there were two types of debt – good and bad. The good debt was a mortgage or maybe even a car loan (because I would need it to get to and from work). Bad debt was from credit cards. I learned a secret a few years ago that there is no…
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Borrow Money Articles
Could You Save Thousands with a Student Loan Refinance?
The following is a post from Melanie Lockert of DearDebt.com and the author of the bestselling book Dear Debt. Student loan debt is nearly at epidemic levels right now. It seems like everyone has a story about how student loans are affecting their life. According to the Project on Student Debt, as of 2018, 65% of students graduated with student…
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Borrow Money Articles
How to Consolidate Credit Card Payments
Americans now owe $444 billion in credit card debt. Let’s break it down into a more personal number. Using 2019 data gleaned from the Federal Reserve, indebted US households carry an average of $6,849 in credit card debt. Yes, if you’re reading this article and you have credit card debt. Credit card debt is arguably the nastiest type of debt…
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Borrow Money Articles
How to Make Extra Payments to Pay Off Student Loans Faster
Want to pay off those student loans but don’t have the full amount to do so? By making extra payments, along with your regular monthly payments, you can reduce the total amount of interest you pay and expedite the repayments of student loans. Unfortunately, making extra payments takes a couple more steps. It’s not as simple as it should be.…
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Borrow Money Articles
How to Consolidate High Interest Credit Card Debt
Credit card debt can seem like an overbearing force weighing down your finances. Unlike mortgages or student loans, credit card debt is undoubtedly considered the “bad” debt. With high-interest rates, credit card debt can be costly — both to your finances and your quality of life. But even with high-interest rates, credit card debt is often considered normal — and…
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Borrow Money Articles
5 Credit Card Mistakes to Avoid
Credit cards are efficient and easy financial tools to use. But these cards can create a lot of issues if you let credit use get out of hand. Using credit cards the right way can help you achieve financial goals but uncontrolled credit use can lead to a much more stressful life. Don’t make these credit card mistakes that could…
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Borrow Money Articles
Pay Off Credit Card Debt Without a Consolidation Loan
Can you pay off credit card debt without using a consolidation loan? Sure, there are two credit card debt payoff strategies–snowball and avalanche method–that are effective in helping manage your balances and eliminate them. Let me first address, the big pink elephant in the room about credit card pay off. When your goal is to eliminate credit card debt there…
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Borrow Money Articles
Debts You Shouldn’t Fear and Why
-Some people don’t realize the damaging effects of debt. In their minds, it’s a part of life. If they owe several thousands of dollars on a credit card — it’s no big deal. However, debt can be the kiss of death. If you think I’m exaggerating, try applying for a mortgage with a mountain of consumer debt and see what happens. The bank will…
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Borrow Money Articles
The Questions to Answer Before Refinancing Your Student Loans
I’ve had many conversations about student loan debt becoming a burden to achieving financial goals and impeding one’s ability to chase their dreams. So naturally, many go online seeking answers to the best ways to get rid of student loan debt. However, what I’m hearing is that most people are overwhelmed with the amount of information available. This results in…
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