Differences Between Debt Consolidation and Settlement |

There’s a big difference between debt consolidation and debt settlement. Unfortunately, when newspapers run stories listing the misdeeds of debt settlement firms, the average consumer doesn’t make the distinction. Consumers instead lump debt consolidation companies and debt settlement firms into the same category of companies that can’t be trusted. Such is the case with the […]

Personal Loans : The Dos and Don'ts |

Personal loans come with a higher interest rate than secured loans, because the very nature of the loans does not give the lender any assurance you will repay. Therefore, banks need to charge a higher interest rate to cover their losses for those who do not pay back the personal loan. That being said, it […]

Debt Consolidation Loans and Credit Card Charge-Offs |

In a sign that fewer consumers are heading for debt consolidation loans, credit card charge-offs fell in April, according to a report from Moody’s Investors Services. Charge-offs are credit card balances that the card issuers have written off as being uncollectable. When the number of these falls, it’s a sign that consumers are not falling […]

Debt Consolidation and Credit Card Bills |

Are you worried that you might be heading toward debt consolidation? Do you dread opening your credit card statement each month? Do you wonder if you’ll be able to pay your mortgage this month? If so, you’re far from alone. A new Associated Press-GfK poll found that 46 percent of respondents said that they are […]