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Debt Consolidation Loan vs. Debt Settlement

Published May 2021

If you are reeling under the burden of credit card debt, you should take action now and explore what debt relief options are available to you in order to pay off credit cards. This article examines the pros and cons of a debt consolidation loan vs. debt settlement.
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Topics: Debt Consolidation

How to Manage Debt in Retirement

Published May 2021

Retirement is the time most working people picture as the moment when they have enough money to enjoy life without having to work. Yet many people retire and still carry home equity loans or even student loans, despite having worked for many years. Life demands make it harder for older Americans to retire, even if they have worked a lifetime. Carrying debt into this phase of life can be a significant source of stress.

Having a large amount of debt when you are ready to retire can present a retirement planning challenge. Here are some tips on paying down debt in retirement.

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Topics: Debt Consolidation

DIY Debt Settlement: What You Need to Know

Published April 2021

If you are one of the millions of Americans in credit card debt and you’ve been exploring your debt relief options, you’ve likely already discovered that there’s a lot of information on how to settle your debt.Paying off debt can feel like an uphill battle, especially when it seems like there is never enough money to be fully debt-free. Thankfully, there are several debt repayment plan solutions available to you, such as debt settlement.

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Topics: Debt Consolidation

Credit Counseling vs. Debt Settlement: Which is Better?

Published April 2021

It’s very easy for individuals and households to find themselves in debt, particularly in the current economic situation. Prices are increasing but salaries are not following, which means that many people are struggling with debt to cover everyday expenses. An unexpected expense like a broken dishwasher or a problem with your car can easily derail your finances and increase your debt to unmanageable levels. That’s where credit counseling and debt settlement come in.

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Topics: Debt Consolidation

Consolidating Debt? Avoid These Types of Loans

Published April 2021

A debt consolidation loan can help you get out of credit card debt. But if you don’t qualify for a decent rate, you should be wary of guaranteed loan offers that sound too good to be true.

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Topics: Debt Consolidation

Should I Refinance My Student Loans?

Published March 2021

Americans collectively owe over $1.7 trillion in student loan debt, so it’s no surprise that many borrowers feel trapped by high student loan balances, interest rates, and overwhelming monthly payments. Refinancing your student loan can save you money on interest charges. Whether you’re dealing with federal student loans or private student loans, consider refinancing if your credit score qualifies for a lower interest rate.

Refinancing student loans is not the right move for everyone. For example, loans for people with bad credit may be limited. Also, should you go for a variable-rate loan or a fixed one? Whichever you choose, a student loan repayment plan can mean the difference between years of financial strain and a fast path to a loan-free life.

If you are unsure if refinancing your student loan is the best move for you, you should talk with a specialist from ClearOne to assess your possibilities and financial situation.

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Topics: Debt Consolidation

Is a Balance Transfer Card a Good Idea?

Published January 2021

Sometimes, a card balance transfer from one credit card to another credit card makes good financial sense, but sometimes it doesn't. If you wonder if a balance transfer credit will fit your needs and save you money, here is what you need to know about this potential debt relief method.

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Topics: Debt Consolidation

Gain Your Freedom from Debt in 2021

Published January 2021

If you aim to go debt-free in 2021, you have chosen to fight the good fight. Congratulations on your choice! You deserve all the support and help you need to achieve your goal.

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Topics: Debt Consolidation

What to Do If You Can't Get a Debt Consolidation Loan?

Published December 2020

Getting a debt consolidation loan can be tricky. Like other types of debt management plan options, approval for the best debt consolidation loan is dependent on factors like your credit score and debt-to-income ratio. When you are already struggling to pay your creditors, you may not qualify for a debt consolidation loan that will really help you.

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Topics: Debt Consolidation

SMART Goals for Debt Reduction

Published November 2020

If reducing your credit card debt is one of your goals, turn it into a SMART goal to make it easier and simpler to achieve. By doing that, you will pluck debt resolution out of the domain of dreams and plant it firmly into reality.

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Topics: Debt Consolidation