Debt Consolidation

Let’s talk about debt consolidation, the pros and cons and if you should do it or not, from my perspective! The perspective of someone who has done it, many, many, many times. Debt consolidation will never help you win with money and while it makes mathematical sense, it is not a smart financial decision most of the time.

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We are a family of three (Wendy & Mauricio and Melina Age 5), living in Vienna, Virginia with my parents while we get the heck out of debt! We are all about having a happy life and a happy home but all while keeping it real about life’s ups and downs. On this channel, you will see, debt free motivation, weight watchers and everything working mom! I hope you stick around!

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How Debt Consolidation Affects Credit. Part of the series: Credit Card Debt. Debt consolidation affects credit by placing individuals in credit management programs that will help them eliminate debt. Discover how a credit score can be affected negatively by debt consolidation with help from an experienced businessman in this free video on credit card debt. Read more:

Call (916) 780-7005 now for a FREE bankruptcy consultation or visit
Chris Hogan stirs audiences to action wherever he speaks. Whether Chris is delivering a keynote on personal money management or teaching an all-day leadership training for business owners and professionals, your audience will be entertained and challenged.

Chris Hogan is a sought-after, diverse speaker who loves to challenge, motivate and encourage business leaders, real estate professionals, military personnel and students to be their very best—no matter what!

Debt consolidation is controversial but I’ve used it twice and it’s saved me thousands.

I was flat broke in 2009. I destroyed my credit score and owed over $15,000 in credit card debt and other loans. I knew what everyone said about debt consolidation loans. I knew the risks but I was paying hundreds a month in interest and I needed a way out.

By lowering my interest rate just 5% with a debt consolidation loan, I was able to immediately save $40 a month on payments. By putting that money back into my debt payoff plan, I was able to save thousands and pay off the consolidation loan years early.

I’m not alone. The average credit card debt is over $15,000 and Americans pay hundreds in just interest every month. Most debt experts will tell you to avoid consolidation loans but the fact is, they work.

I’ll walk you through the process of getting a debt consolidation loan on bad credit. I’ll reveal the risks and pitfalls to avoid before showing you how to get a better rate and some debt payoff strategies to get out from under the loan.

I’ll be using the PersonalLoans site in the video, a lender I’ve used twice before

Here’s the list of debt consolidation sites I’ve used or have reviewed:

Debt consolidation isn’t the best place to be but you can use it to your advantage. Know the risks. Know how to do it right and get your finances back on track.

– The risks of debt consolidation and how to avoid the traps
– Step by step to getting the best rate on your debt consolidation loan
– How to do debt consolidation right and pay off your debt early
– The hidden benefit to debt consolidation that nobody talks about

Don’t forget to click through to the debt payoff playlist above and follow the entire series. I may eventually turn this series into a paid course but you can watch it all free right now. I start out by revealing the debt payoff strategies that will work with any budget, even on low income, and finish by showing you how to get a perfect credit score.

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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
#debt #loans #debtconsolidation

What is the difference between debt settlement and debt consolidation? Find out from San Diego debt relief attorney Daniel Gamez. Find out what debt relief option for credit card debt, student loan debt, medical debt, small business debt and second mortgage debt is right for you. A debt settlement strategy does not seek to replace existing debt with a new loan, as with consolidation. Instead, debt settlement is a series of negotiations between your creditors and you (or a credit counselor) to make payments – usually lump-sum payments – for amounts less than you currently owe. Visit for a free debt consultation to begin your path to a debt free life! – Find out about debt consolidation and if it is a good way to wipe out credit card debt. Will it help you get out of debt faster?

I spoke to Daniel who specialises in helping his clients to refinance their home loans. What are the main reasons people consider when refinancing to cash out the equity? The most common cause —

DEBT CONSOLIDATION… instead of paying 18% for credit cards and many other debts, the home loan offer the lowest interest rate of all! You can lower your commitment while enjoying lower interest rate.

Credit Card Debt is the worst debt to be in. Often it is debt that we have used to buy depreciating stuff, like clothes, shoes and lifestyle habits…leaving us with not much to show for. So if you have reached a point where you have had enough with credit card debt holding you back in life and are thinking about using a personal loan to get back on top of your finances again, well I strongly recommend watching this.



SugarMamma.TV is all about educating, inspiring and empowering everyday people to create financial harmony, freedom and independence in your life. Bite sized videos, with quick and easy to understand tips, that you can apply straight away and see the results. SugarMamma.TV is a powerful movement making money and finance more approachable, energetic and enlightening.

This video is going to help anyone who has credit card debt and wants to pay them off quickly. Credit cards typically have very high interest rates, so what can you do to lower your interest rate. Watch and find out!

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