Consumers everywhere are looking for solutions to their debt problems. If you can afford your monthly payments but are looking to reduce and eventually eliminate the amount of debt you have, debt consolidation might be an option you have looked into. It is one of the few debt elimination strategies that allows you to protect your credit standing during the process.
You may be drawn to debt consolidation due to the convenience it presents. You’re able to lump all of your debts together into one new debt and make one payment each month. In most cases, the interest rate on the new loan is lower than that of the interest rates you were already paying on your existing debts. As times become more difficult, you’re probably excited about your required total monthly payment dropping as well. Read the rest of this entry »
You’ve heard that you can consolidate student loans but aren’t sure if this is the right step to take. Here are some things to consider before signing up for a debt consolidation plan for your federal student loans.
Have you used up all you options for forbearance or deferment? If so, a debt consolidation loan could help you reduce your monthly payments to a more manageable level. Read the rest of this entry »
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Welcome to the DebtHelp Blog
This blog covers a wide variety of debt consolidation and loan topics.
We rely on a large network of financial experts and leading authors to write the content for the DebtHelp.com Blog.
Chris Rocks is the Regional Director of the National Credit Federation (NCF). NCF is a nationwide membership-based organization that assists consumers recovering from a financial difficulty and those who need a significant increase in their credit score.
Chris began his financial services career as a Financial Advisor helping young families with risk management and asset accumulation strategies. It was during that time that Chris realized that many of these young families also needed someone to guide their choices with regards to debt management.
He made the transition into the mortgage industry where he first worked as a loan originator and later the Vice President of a small mortgage company. As Chris came across clients who had suffered through financial challenges and saw the difficulty they had in re-entering our credit driven economy, he discovered there was a real opportunity to leverage his unique background and help others.
He can be contacted by visiting his personal site, GoodCreditLiving.com.
Francine L. Huff is the Publisher and Editorial Director of Super Savvy Publishing, LLC, which provides editorial and publishing services. She is a gifted author, freelance journalist, and motivational speaker who has entertained and motivated a variety of audiences through workshops, panels and keynote addresses. Francine is the author of The 25-Day Money Makeover for Women, which has inspired and motivated many readers to rein in poor financial habits, become good stewards over their money and work toward a debt-free life. She has appeared on a variety of TV and radio shows. Francine previously worked for the Wall Street Journal, where she was the spot news bureau chief, a news editor and a copy editor. She has interviewed a variety of financial professionals about financial issues and strives to present information about managing money in an easy-to-understand format that is accessible to people of all backgrounds and income levels.
Karen Lawson is a freelance writer with more than 15 years of experience working in mortgage banking and loan servicing. She holds BA and MA degrees in English from the University of Nevada, Reno. She enjoys writing informative articles about debt management and personal finance.