Debt Consolidation

Don’t just move the problem around, fix it and get your debt paid off. Contacting a certified debt counselor to help you handle your money and set up a budget will get you started.

In this video, learn how to choose your debt consolidation options, including mortgage refinance loans, debt settlement, and credit counseling. Hosted by Brad Stroh, Co-Founder and Co-CEO of Bills.com.

Debt consolidation options include refinancing your mortgage to pay off other debts, receiving credit counseling, or reaching a debt settlement with your lenders. We will review when each of these options is appropriate and how each will affect your credit rating, monthly payment, and time of enrollment in each program. He also reviews the long-term costs of each option. Before choosing one, determine whether your goals are lower payments or paying off the debt faster, and then contact a reputable provider to begin the process. Visit Bills.com for more personal financial advice and information.

Or go here to see ho we can help. https://debt.bills.com/debt/?utm_campaign=Bills+video&utm_term=ag#step1

In this video I go over when to use the equity in your home to refinance and pay off your credit card debt

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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

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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.

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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.)

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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.

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— 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.

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– 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

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Welcome to the Honest Finance Channel!

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The 3 best personal loan companies I found online!
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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 🙁

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

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

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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
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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.

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