Finding a legitimate debt consolidation loan program can be frustrating, depressing and darn near impossible. We’ve all seen the advertisements promising loans for people with bad credit or loans with no credit check. In my experience those companies are often high priced, that is if you actually get a debt consolidation loan and not get ripped off. Many Debt Consolidation ... Read More »

You hear a lot of rubbish online about getting a debt consolidation loan and a lot of just flat out incorrect information. It’s time to put an end to that and help you get the facts so you can make a good educated decision. So here is my guide to help you learn the pros and cons about getting a ... Read More »

I wanted to share with you the story of Will, who decided that an unsecured debt consolidation loan was the best way to deal with his debt situation. Will was kind enough to share his experience and opinions about why he got the debt consolidation loan and his experience getting it. Q: What led you to decide that a debt ... Read More »

For those with reasonably good to great credit the idea that the bank is the only place to obtain a debt consolidation loan are just incorrect. For quite some time now I’ve been going on and on about peer-to-peer lending networks like LendingClub.com. Lending Club connects people who want an unsecured debt consolidation loan with small investors that help to ... Read More »

A tipster (send in your tips here) has advised me of an effort designed to deceive consumers using a mailer for a debt consolidation loan that may or may not be allegedly secured by real estate. If you receive one of these mailers I would be most appreciative if you could forward it to me. Contact information can be found ... Read More »

Kara Singleton Adams, from Georgia, was found guilty last week on charges of wire fraud, conspiracy, and structuring financial transactions, relating to a $25 million nationwide telemarketing fraud scheme. Already convicted in this scheme are three co-defendants including Adams’ husband, Jason James Eyer, James Adolph Schoenholz, and Brittany Dunphy. All three pleaded guilty to related charges before Adams’ trial and ... Read More »

As modern and clever as we might feel here on the bleeding edge of history there is one cold hard fact I can’t ignore, these are still the dark ages of the debt relief industry. Let’s just take a broad look at the current state of affairs: Nonprofit Credit Counselors: The credit counseling world is as tied to creditors and ... Read More »

The thing I love about ReadyForZero.com is that it is painfully simple to use to help reduce your credit card debt, or at least to give you a plan on how to do it, for free. Now the brainiacs at ReadyForZero.com have spread their free love with expanding their service to assist people looking for debt consolidation or other loans ... Read More »

You know how sometimes you start wondering about odd stuff. Granted sometimes it’s things like, “How do they get the cream filling in a Twinkie?” Well recently I was curious what day of the week most people apply for a debt consolidation loan. I know, I’m odd that way. In the debt world there are typical patterns. Usually Monday, Tuesday, ... Read More »

Well it appears that LendingClub.com has added a new state to their list of places they can help borrowers in. LendingClub just announced that loans can now be made in North Carolina. Now normally the thought of talking gleefully about debt consolidation loans would seem like a strange statement for me to make but LendingClub is the exception to the ... Read More »

Debt doesn’t just affect the people actually in debt, it often affects the ones around them, near and dear to them. I know this from first hand experience as someone who has loved and lived with someone so deep in debt they could not see a way out. Not only is the emotional toll hard on the debtor but also ... Read More »

I’ve talked a lot about LendingClub.com and I just logged on this month and helped to fund 34 new loan requests. As of right now, 61.45% of all loan requests are for debt consolidation loans and LendingClub.com has issues $138 Million in loans. It is the one resource I know where you can get below market rates for unsecured debt ... Read More »

You deserve to feel completely certain that you’ve picked the best organization to help you solve your financial issues. We’ve prepared this list of questions to help you find the right organization to represent you. 1. Will You Send Me Information About Your Organization and Programs? A credit counseling organization should be willing to give you information about its programs ... Read More »

Consolidating your debt with the equity in your home can be a terrific money-saving strategy. The interest rate may be much lower than you’re paying on your other bills and, if you itemize on your tax return, you can usually deduct the interest you pay – making the effective rate of the loan even more attractive. But what seems like ... Read More »

If you’re in debt you may have considered borrowing to consolidate your payments, lower your interest costs or even to stay afloat a little longer. Before you borrow, consider your options carefully. No matter how attractively some loans are marketed, they can’t solve your debt problems. The only way to do that is to spend less, earn more and develop ... Read More »