Managing Debt
A good debt management company can help you deal with unsecured debt, such as from credit cards or medical bills, that you’re having trouble repaying. These companies might be able to help you simplify payments, reduce interest expenses, and save money on fees.
Wondering what’s weighing your credit score down? Your current outstanding debt may be affecting your credit score, including your FICO score. Your debt-to-income, or DTI, ratio is a percentage that compares your monthly debt expenses to your monthly gross income. As a borrower you should always keep your debt at a comfortable level. But how […]
There are different ways to pay off debt including the debt snowball method and avalanche method. There are also debt consolidation loans and other financial products that combine your debt into one manageable payment.
In some cases, debt consolidation can make managing debt easier and more affordable by securing a single monthly payment at a fixed rate. However, debt consolidation isn’t for everyone, and you should consider the types of consolidation as well as the pros and cons before making your final decision.