http://youngfinances.com/blog

Ding dong the witch is dead! Which old witch? The credit debt witch! Here’s how I killed the wicked old witch of debt and eliminated twenty two thousand of credit card debt in just three years.

Credit counseling service I used: https://twitter.com/ClearPoint

If you liked this video please be sure to subscribe, like, and comment!

Ask me a question? http://YoungFinances.com/blog/young-finances-tv/

Subscribe! : http://youngfinances.com/tv

Facebook Me! : http://www.facebook.com/YoungFinances

Catch Me on Twitter! : http://twitter.com/YoungFinances

Yes I’m on Pinterest! : http://pinterest.com/YoungFinances

Instagram! : http://Instagram.com/YoungFinances

Blog! : http://YoungFinances.com

Recommended for all viewers: 5 Great Money Books for Young Adults- http://youngfinances.com/blog/best-books/

For cooperation inquiries, sponsorship or speaking engagements contact speaking@LaTishaStyles.com.

How Does Credit Consolidation Work

If you are asking yourself how does credit consolidation work, then it just means that you are in a debt situation. It may be that you are having a hard time tracking all the payments or you have trouble making the payments altogether. Regardless of the particular scenario in your financial life, too much debt only means one thing: you need a debt relief program.

Credit consolidation simply refers to any program that will combine your multiple debts into one easy and convenient payment plan. There are many reasons why you want to do this.

First of all, you want to keep yourself from missing out on your monthly payments. Bottom line is, it simplifies your payments. Instead of monitoring different creditors and sending payments at different times throughout the month, you make only one payment. This is very important because a lot of things will happen if you start being late on your due date. Your credit score could go down, harassing collection calls will start to take place and your debt amount can increase. You definitely want to keep your record clean by paying on time.

Another thing that credit consolidation can do is lower your monthly payments. There are two ways for this to happen and it depends on the specific debt relief program that you will pursue. With a debt consolidation loan and debt management, you get the lower payment by stretching your balance over a longer schedule. You can also lower your interest rate – although this is not a guarantee for debt management.

The other way that you can lower your monthly payments is through debt settlement. The purpose of this debt relief program is to reduce your balance by convincing your creditor that you are in a financial crisis. You want them to allow you to pay only a portion of your debt and have the rest forgiven.

Any of these options will help you pay down your debts. You only have to choose one based on your payment capabilities. Since debt settlement can give you debt reduction, this can be an option for people with low paying jobs or unstable ones. With a debt consolidation loan and debt management, you will need a more steady and stable paying job. That is because you will still end up paying for the whole debt that you owe. It will only seem lower because it is distributed over a longer payment period.

Although the debt reduction option of credit consolidation may sound like a good idea, you need to consider your options carefully. Debt settlement can ruin your credit score in ways that a debt consolidation loan and debt management cannot. But if you are really having a hard time raising the funds for your payments, then you need to let your credit score be damaged and just negotiate to settle your debts.

Follow National Debt Relief

https://plus.google.com/+Nationaldebtrelief/
https://www.facebook.com/NationalDebtReliefGroup
http://www.linkedin.com/company/national-debt-relief-group
https://twitter.com/nationalrelief_
http://www.pinterest.com/NationalRelief/

Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe

Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1

Welcome to The Dave Ramsey Show like you’ve never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we’ll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!

How to consolidate credit card debt using three different methods.
LightStream Loans: http://bit.ly/LS_DebtConsolidation
(I may be compensated by LightStream through this link.)

Please subscribe: https://www.youtube.com/c/HonestFinance?sub_confirmation=1

If you want to know how to get rid of credit card debt, then you’re watching the right video. I’ll be covering why you’d want to consolidate credit card debt, which has to do with your credit utilization score and credit card interest.

I’ll also be covering 3 unique ways to consolidate credit card debt that I believe work the best. Getting a personal loan, balance transfer offers and cash-out refinancing are the three ways to consolidate credit card debt that I’ll be covering.

?????????????

— Resources and Recommendations —

DISCLAIMER: This video description contains affiliate links, which means if you click through the links, I can receive a small commission (at no cost to you). This helps support the channel and allows me to continue making in-depth content for you. Thanks for the support.

COURSES I RECOMMEND:
– How to Grow and Rank on YouTube: http://bit.ly/YTRankingAcdmy

BOOKS I RECOMMEND:
– Get 2 Free Audiobooks from Audible: http://bit.ly/AudibleFreeTrial_HF (Because leaders are readers 🙂

– The $3 Book that Changed my Life: http://amzn.to/2DuHmIy

– Best Book on Time Management: http://amzn.to/2Cj59hG
– Best Book on Investing/Stock Market: http://amzn.to/2DtEM5E
– Best Book on Budgeting/Debt: http://amzn.to/2Ekyszc
– Best Book on How Money Works: http://amzn.to/2Eaqdp5

INVESTING AND LOANS:
– Check out Betterment for automated, low-fee investing: http://bit.ly/Betterment_Investing

– Get a Free Stock for trying Robinhood: http://bit.ly/robinhood_hf

– Lightstream loans is who I recommend for any auto loans, personal loans or debt consolidation. They have the best rates and don’t charge any fees or pre-payment penalties. http://bit.ly/lightsteam_loans

?????????????

SOCIAL MEDIA:
Facebook: https://www.facebook.com/honestfinancechannel
Twitter: https://twitter.com/FinanceHonest
Linkdin: https://www.linkedin.com/in/honest-finance-1622a6171/
Pinterest: https://www.pinterest.com/honestfinance/

?????????????

Welcome to the Honest Finance Channel!

I’ll give you the honest truth about a variety of financial topics in a way that actually makes sense. I’m not a financial advisor and I’m not here to advertise a bunch of products. I simply want to share my financial advice with anyone who will listen.

Help me translate my videos: http://www.youtube.com/timedtext_cs_panel?c=UCNGiXK9ZsxIzY-3g_TPilBQ&tab=2

#honestfinance

The 3 best personal loan companies I found online!
LightStream Loans (My #1 Pick): http://bit.ly/lightsteam_loans (I may be compensated by LightStream through this link.)

Please subscribe: https://www.youtube.com/c/HonestFinance?sub_confirmation=1

The best personal loans I found were American Express personal loans, SoFi and LightStream Loans. I’ll cover them each in-depth. Enjoy.

Each of these personal loan lenders have pros and cons, so I’ll cover each of them and I’ll let you know how I feel about their loan options. It was very hard to find low interest personal loans online, because there are so many to choose from. But these lenders don’t charge any dirty origination fees or pre-payment penalties and they have instant approval, which is sometimes hard to find.

Personal loans can be very expensive, so watch this video and hopefully you’ll learn something new. And keep in mind that you’ve gotta have good credit to be approved for these loans. Bad credit won’t work with these lenders.

Overall I felt like American Express is the best personal loan for smaller loans with shorter lengths (like 12-36 months). They have great rates and terms, but you’ve gotta be a cardmember to qualify.

SoFi is incredible because of all their perks and transparency, but when it came down to their actual rates, they were a little higher than the competitors.

My top pick goes to LightStream Loans Because overall they have the most lending options and the best rates for larger unsecured loans. and they have au

Just remember that personal loans aren’t always the best option for loans, but if you need one, then I’d look into these three choices. Thanks

American Express Personal Loans: http://bit.ly/amex_hf
SoFi: Asked that the link be removed 🙁

????????????????????

Support my channel by shopping with these affiliate links (they won’t cost you anything). Thanks a million!!

The $3 Book that Changed my Life: http://amzn.to/2DuHmIy

My favorite Credit Card (Get $250): http://bit.ly/amex_yt

Get 2 Free Audiobooks from Amazon’s Audible: https://amzn.to/2QIBUso
Because leaders are readers 🙂

Amazon Prime (30 Day Free Trial): https://amzn.to/2INIhrz

INVESTING AND LOANS:

Check out Betterment for managed, low-fee investing: http://bit.ly/Betterment_Investing

Get a Free Stock for trying Robinhood: http://bit.ly/robinhood_hf

Lightstream loans is who I recommend for any auto loans, personal loans or debt consolidation. They have the best rates and don’t charge any fees or pre-payment penalties: http://bit.ly/lightsteam_loans

Books I Recommend…..
Best Book on Time Management: http://amzn.to/2Cj59hG
Best Book on Investing/Stock Market: http://amzn.to/2DtEM5E
Best Book on Budgeting/Debt: http://amzn.to/2Ekyszc
Best Book on How Money Works: http://amzn.to/2Eaqdp5

????????????????????

SOCIAL MEDIA:
Facebook: https://www.facebook.com/honestfinancechannel
Twitter: https://twitter.com/FinanceHonest
Linkedin: https://www.linkedin.com/in/honest-finance-1622a6171/
Pinterest: https://www.pinterest.com/honestfinance/

????????????????????

Welcome to the Honest Finance Channel!

I’ll give you the honest truth about a variety of financial topics in a way that actually makes sense. I’m not a financial advisor and I’m not here to advertise a bunch of products. I simply want to share my financial advice with anyone who will listen.

Help me translate my videos: http://www.youtube.com/timedtext_cs_panel?c=UCNGiXK9ZsxIzY-3g_TPilBQ&tab=2

I am a participant in affiliate advertising programs designed to provide a means for myself to earn a small commission by linking to affiliate sites.

#honestfinance

MoneyVineSA – “Is Debt Consolidation a Good Idea?”

Learn the Pros and Cons of Unsecured Debt Consolidation Loans.

Visit http://thelendingmag.com/unsecured-debt-consolidation-loans for more detailed information about:

3 Best Lenders For Unsecured Debt Consolidation Loans

Please Subscribe to this channel for more ALTERNATIVE finance news, click here to subscribe: https://www.youtube.com/channel/UCk9q2ewBBnhFNI6orVmORQQ?sub_confirmation=1

Carlos D. Martinez Esq. explains scams related to debt consolidation and outlines what really goes on after you enroll in a plan to manage your debt.

There is an enormous stigma that goes hand-in-hand with filing for bankruptcy. The mere term bankruptcy can cause a feeling in some of immorality and failure. Nonetheless, certain terms like debt consolidation, credit management, debt resolution, debt relief, etc., cause a dramatically divergent emotional response. These matters are marketed as a sweet, painless alternative to bankruptcy. In reality, this is most certainly not the case.

Only filing bankruptcy can deliver the legal safeguards needed to dismiss creditors offer the ability to effectuate a fresh start. The bankruptcy procedure is a well-oiled machine, composed by Congress to treat debtors and creditors fairly. Do not let their deceitful marketing fool you. Bankruptcy is not equate with failure. Utilize the handy tools our legal system has offered and center focus on your future with a clean slate.

If you have any questions about your choices and are interested in seeing if bankruptcy is right for your situation, we would love to meet you for a free consultation. Visit www.scura.com to get started on your financially-free expedition.

Paying off your credit card debt can seem like a MONUMENTAL challenge. And getting rid of your credit card debt FAST is even harder. Here are the 4 steps I took to eliminate my $14,000 of credit card debt in just 7 months!

Please LIKE or COMMENT if you enjoyed the video! It helps a lot. ?

If you found any of this so INSANELY useful/helpful/inspiring, I wouldn’t mind waking up to a free coffee tomorrow morning. ? buymeacoff.ee/rapidweblaunch

More of a reader? Check out my full blog post: https://blog.rapidweblaunch.com/2016/08/29/pay-off-credit-card-debt-fast/

Learn to budget, beat debt, & build a legacy. Visit the online store today: https://goo.gl/GjPwhe

Subscribe to stay up to date with the latest videos: http://www.youtube.com/user/DaveRamseyShow?sub_confirmation=1

Welcome to The Dave Ramsey Show like you’ve never seen it before. The show live streams on YouTube M-F 2-5pm ET! Watch Dave live in studio every day and see behind-the-scenes action from Dave’s producers. Watch video profiles of debt-free callers and see them call in live from Ramsey Solutions. During breaks, you’ll see exclusive content from people like Rachel Cruze, and Chris Hogan, Christy Wright and Chris Brown —as well as all kinds of other video pieces that we’ll unveil every day.

The Dave Ramsey Show channel will change the way you experience one of the most popular radio shows in the country!