Consolidating student loans other debt
Bad is a free online resource that offers valuable content and comparison services to users.
To keep this resource 100% free, we receive compensation from many of the offers listed on the site.
Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.
A few weeks ago, while in line at the grocery store, I glimpsed a woman whose wallet held more credit cards than I’ve ever seen in one place.
Paying off your credit cards with a consolidation loan can help you avoid that cycle, as well as any credit score hits from missing payments when the balance becomes unmanageable.
Be sure to look for an interest rate lower than that of your current debts.
For example, let’s look at our hypothetical friend, Pete.
Our friend Pete has a total of ,000 of debt, spread across four accounts, like so: Not only does each of Pete’s debts have a different lender, but they all have different interest rates — some of them quite high.
We have met the highest quality standards and are committed to helping you get your finances back on track through counseling and education.
These include resume writing tips, scam alerts, an educational blog, and more.
Whether it’s debt consolidation or any other financial need, Signature Loan.com’s online referral process helps make it possible for you to obtain the funds you need to achieve your monetary goals.
A large number of credit cards can carry interest rates in the high double-digits; rates of 20% to 25% (or even more) are especially common in the subprime markets.
Those high interest rates come with high monthly payments, and it can be easy to get caught in the “minimum payment” cycle — which only leads to an ever-growing balance.