What is the Best Consolidation Loan for Credit Card Debt?

Question: Dear Steve, What is the best loan consolidation company for $15k of credit card debt? Danielle Answer: Dear Danielle, Great question. Tough answer. It is a bit like asking what the best dessert is. It depends on many factors. People use the term “consolidation” in different ways. Sometimes people use it to talk about … Read more

Rapid Reader Questions, Debt Consolidation, Navient, Credit Score, Fraud, and More

Q: Is it legal for a mortgage company to all of a sudden demand a deferment balance from 10 years ago now, or will they foreclose on the home I am one month behind on the monthly payment? A: That sounds a lot like a balloon mortgage (a mortgage in which a large portion of … Read more

5 Ways to Slash Your Monthly Expenses

It can often seem like your monthly income flows right back out. If you feel like your money is gone before you even have a chance to choose where it goes, you may need to get a handle on your finances. Regular monthly expenses can fill  your budget easily, leaving less money to spend now … Read more

What’s the Best Way to Consolidate Debt?

By Jocelyn Baird, NextAdvisor.com We are a nation of people in debt, and it doesn’t seem to be getting any better. According to data released by the Federal Reserve this February, Americans’ revolving, non-mortgage credit increased in December 2014 to $ 3.3 trillion — while non-revolving credit (such as student and auto loans) rose to … Read more

Best Debt Consolidation Loans

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 … Read more

The Mystery of What Debt Consolidation Really Means. – Gene

“Dear Steve, I’m overwhelmed with debt and I need your advance once again. Steve, please tell me the best debt consolidation companies? A company that will get the job done and put me back on track with my finance. I have always trusted your advice. Please help!!! Thanks again, Gene” Dear Gene, Thanks for coming … Read more

How Do I Consolidate My Credit Card Debt Into One Payment? – Michelle

“Dear Steve, I would like to consolidate my credit card debt into one payment to lower my payments and can see a end date. What is the best way to do this and what company can help? I don’t have extra money to pay down. Michelle” Dear Michelle, That’s hard to tell just based on … Read more

Can We Get a Loan on the Equity in Our House Without Refinancing? – Dorothy

We want to get cash out of our house, but wonder if we can do this without refinancing the house. Because if we refinance it will take longer to pay off the house. We have 6 more years to pay on it. We want to consolidate our bills with the cash. Dear Dorothy, If you … Read more

Unsecured Debt Consolidation and Personal Loans Being Handed Out at Record Rates

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 … Read more

What is the Best Debt Consolidation Company to use That Isn’t a Scam? – Walter

I have 69,000.00 debt. (2 credit cards, 1 loan, and 1 car payment). My monthly payments total 2,088.00. I would like to consolidate this debt into one easy loan payment because I feel it will be easier to manage and possibly save me on the interest I’m piling up on these credit cards. Searching for … Read more

How Can I Lower the Debt I Owe? – LeoTheLion

“Dear Steve, I have between 70K and 75K unsecured debt (95% credit card balances and 5% medical bills). Credit cards are Chase, Citibank, American Express and Discover. A lot of these credit cards have 0% apr, so the apr is not an issue, but the amount of minimum payment itself is killing me. I need … Read more

How Can We Pay Off Our Debt in Three Years? – Joey

“Dear Damon, My wife had a full time job, then stopped working for a few years when we had children, then went back to work part time for about 8 years. This was a big decrease in income and, regrettably, a lot of times we charged to compensate in doing or buying things needed during … Read more

Where Can I Get Help With Debt Consolidation? – Phillip

“Dear Steve, I’m newly married with kids. After facing multiple vehicle repairs and paying below the minimum payment each month, I’m in a hard place. I’m getting letters and phone calls but have nothing to give. How can I get help, consolidation, etc so that I can take care of my family? Phillip” Dear Phillip, … Read more