Debt consolidation is controversial but I’ve used it twice and it’s saved me thousands. https://www.youtube.com/watch?v=Io1JV53oOlA&index=4&list=PLjsZ3KrTlZozfKrkG8uKVUa_yoC6xUVvn

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 https://peerfinance101.com/personalloans

Here’s the list of debt consolidation sites I’ve used or have reviewed: https://peerfinance101.com/list-peer-to-peer-online-loans-sites/

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 http://www.gamezlawfirm.com/debt-settlement/ for a free debt consultation to begin your path to a debt free life!

http://www.debtreductionacademy.com/videos – 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?

https://KCLau.com/refinancing-aia

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.

Here’s the cold hard truth about trying to consolidate credit card debt into one simple payment. The truth is most people just don’t qualify for help

It’s time to take a question from one of you! Rachel from Facebook asks, “Is the debt snowball method better than the debt consolidation method?”. Watch as I answer this question and let me know in the comments section below what you think about today’s video!

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Suze Orman gives excellent tips on how to settle up with credit card companies. Ms. Orman is NOT affiliated with Eltman, Eltman and Cooper – she works as a financial broadcaster for CNBC (and as a best-selling author) – but we thought her advice here was helpful, so we uploaded the video to our channel. For more tips on how to get out of debt, check out our Eltman Eltman and Cooper main site, http://www.eltmanlaw.com. Thanks!

You’re in deep with credit cards, student loan debt and car loans. Minimum monthly payments aren’t doing the trick to help nix your debt. Something has to change, and you’re considering debt consolidation because of the allure of one easy payment and the promise of lower interest rates.

What Is Debt Consolidation?
Debt consolidation is the combination of several unsecured debts—payday loans, credit cards, medical bills—into one monthly bill with the illusion of a lower interest rate, lower monthly payment and simplified debt relief plan.

Check out this article from Dave Ramsey on Debt Consolidation: https://www.daveramsey.com/blog/debt-consolidation-truth

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Thank you for watching!

Freedom In A Budget

Getting a debt consolidation loan isn’t that hard. If you know where to look. There are two kinds of debt consolidation loan lenders. Prime, and high risk.

Whenever you are looking for a debt consolidation loan to consolidate credit card debt, always start and end with your bank. Otherwise you could end up in a situation where you are paying 30-39% interest to a high risk lender.

Watch the video to learn how to get a debt consolidation loan.

Visit: http://www.totaldebtfreedom.ca/ for more info

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