Getting Out of Debt

Buried Alive

Thu, 13 May 2010 13:09:00 GMT

How to get out from under that mountain of debt. Polonius is the guy in Hamlet who famously warned: “Neither a borrower nor a lender be.” Fortunately, he wasn’t living in America. If he were, he’d be appalled at what’s going on today. Based on 200...

What is a consolidation loan?

Thu, 02 Jul 2009 13:27:45 GMT

Consolidation loans are one way to help you repay your debts at a lower interest rate with lower monthly payments. If you are having a hard time repaying multiple loans, you may want to consider a consolidation loan. Consolidation loans, also referred to as “debt consolidation loans,” take several outstanding deb...

Getting a debt consolidation loan with bad credit

Mon, 16 Mar 2009 17:45:32 GMT

Good use of a debt consolidation loan can help you improve bad credit. If you've racked up a lot of debt and your credit score has deteriorated, a consolidation loan may be a way to improve your situation. You can consolidate several debts by transferring the balances t...

Pros and cons of debt consolidation options

Mon, 16 Mar 2009 17:43:06 GMT

Learn the pros and cons of various options for consolidating debt. Once you have decided on debt consolidation as the means to pay off your credit cards, the next step is to consider all your options so that you can find the best choice for you. Some choices are bet...

Benefit from a debt consolidation loan

Mon, 16 Mar 2009 17:41:04 GMT

Save money and get control of your finances by consolidating several debts into a single loan. It's all too easy to get yourself caught under a heavy load of high-interest debt. If your monthly debt payments have become unmanageable, one way to reduce them is with a debt consolidation loan. W...

5 reasons to pay down debt

Mon, 16 Mar 2009 17:35:17 GMT

Boost your borrowing power and increase your cash flow by paying down part or all of your outstanding debt. The old adage, "neither a borrower nor a lender be," doesn't always apply in today's consumer economy. Still, it doesn't pay to carry more debt than absolutely necessary. Here are five comp...

Debt consolidation and your credit score

Mon, 01 Dec 2008 19:56:47 GMT

Q: If I apply for a debt consolidation loan to help pay off my credit card debt, will that raise or lower my credit score? A: Applying for a debt consolidation loan and using it to pay off your other accounts shouldn’t raise or lower your credit score significantly in the short term. While it does mean you’ve taken on ne...

Ask an expert: Using a mortgage to consolidate debt

Wed, 23 Jul 2008 21:28:47 GMT

Q: Can I get a single mortgage loan to consolidate my debts such as student loans, car loans and more? A: It may indeed be possible for you to consolidate your debt by rolling it into your mortgage. This strategy can often save you a considerable amount in interest payments. Since credit cards and cer...

Ask an expert: Debt consolidation

Wed, 23 Jul 2008 21:28:24 GMT

Q: A friend recently got a debt consolidation loan in order to save money. How can borrowing money help you save? A: A debt consolidation loan can help anyone who is carrying high-interest debt, whether it’s credit-card balances or finance-company loans, such as those you may have been enticed to take out to fin...

In debt up to your eyeballs?

Mon, 21 Jul 2008 02:19:27 GMT

Don't wait till you're over your head in debt. The time to regain control of your finances is now. You’ve got a beautiful home with a fully loaded kitchen, a family room with a 50-inch plasma TV and a brand-spanking-new SUV in the driveway. Whenever you entertain, your guests congratulate you on y...

Using home equity to pay off debt

Fri, 18 Jul 2008 03:20:44 GMT

Learn steps to consolidate your debt and save using your home equity. If your debt load seems insurmountable, using home equity to pay off debt may be something for you to consider. You can eliminate your high-interest, unsecured debt and get a handle on your finances....

Step 4: Control your spending

Thu, 17 Jul 2008 18:23:55 GMT

Use these tips to control your spending, so you can pay off your debt. No matter how much debt your have, the key to avoiding more debt is to control your spending. While there is no magic bullet to getting out of debt, keeping your spending in check greatly increases y...

Step 3: Set a timeline to pay off your debt

Thu, 17 Jul 2008 18:22:53 GMT

Setting a timetable for getting out of debt will help you stick with your debt payoff plan. Once you have determined which type of debt consolidation loan is right for you, you need to create a time frame in which to pay down your debt. First, think about your financial goals. Where do you ...

Step 2: Choosing a debt consolidation loan

Thu, 17 Jul 2008 18:22:12 GMT

Choose your debt consolidation loan wisely and pay off your debt faster. Now that you know how much debt you are carrying, it’s time to set up a plan to pay it off. A debt consolidation loan can be helpful when trying to eliminate debt, because you have just one loan and ...

Step 1: Know how much debt you have

Thu, 17 Jul 2008 18:21:24 GMT

The first step to controlling your debt is to understand how much total debt you have. If you are feeling overwhelmed by debt, there are ways to get it under control. But, before you can do that, you have to follow the first step for debt management – figure out how much debt you actua...

Seven steps to getting out of debt

Mon, 14 Jul 2008 21:00:29 GMT

Feeling overwhelmed by all the money you owe? Follow our seven simple steps to getting out of debt. Beware of little expenses; a small leak will sink a great ship.- Benjamin Franklin Gaining control of the urge to splurge is the first part of digging your way out of debt. The second is taking advan...

Using home equity to get out of debt

Mon, 14 Jul 2008 20:52:20 GMT

If you have a heavy debt load, your home equity can help you get out of debt. What is home equity? Home equity is the part of your home’s value that exceeds the amount you owe on your mortgage. Equity builds over time as you make payments to your principal, and also grows as y...

Debt consolidation terms

Mon, 14 Jul 2008 20:35:20 GMT

Considering a debt consolidation loan? Understanding some common terms can help you through the process. Instead of making several different payments each month to several different creditors, you can roll all of your debts into one loan, usually at a better rate. This is called debt consolidation and r...

Debt consolidation loans

Mon, 14 Jul 2008 20:11:43 GMT

Q: Do LendingTree lenders offer debt consolidation loans that aren't home equity loans? A: Yes, LendingTree lenders offer both unsecured debt consolidation loans and debt consolidation loans that are secured with your home equity. If you own a home, the advantage of choosing a home equi...

Dealing with holiday debt

Mon, 14 Jul 2008 19:49:11 GMT

Use a home equity line of credit (HELOC) as an alternative to carrying holiday debt on high-interest credit cards. Going into debt to pay for holiday gifts and entertainment is never a good idea. With careful budgeting and smart shopping, you shouldn’t be left struggling to pay off the balance on your credit card...

Creating a debt consolidation plan

Mon, 14 Jul 2008 19:40:32 GMT

Follow our four step debt consolidation plan to take control of your finances and pay off your creditors. If you’ve got a mountain of high-interest debt, you may benefit from taking out a debt consolidation loan. This involves taking out a single, lower-interest loan (often a home equity loan) and using ...

A debt consolidation loan can be a wise move

Mon, 14 Jul 2008 16:18:49 GMT

Consider some of the following options to consolidate your debt. A debt consolidation loan can be a useful way to combine your debts and save money if you are paying off high-interest rate debt. By consolidating your debts into a loan with a lowe...

3 ways to pay off credit cards

Mon, 14 Jul 2008 15:56:34 GMT

Learn how home equity loans, personal loans and cash-out refinancing can help you pay off credit cards. If you are struggling with unsecured debts, you may have decided that it is time to pay off your credit cards. You have several options for doing this, although it is important for you to remember th...

How to pay off debt quickly

Mon, 14 Jul 2008 15:33:31 GMT

It's possible to get yourself out from under a heavy debt load a lot faster than you think. Carrying a heavy debt load for many years can prevent you from truly enjoying your money. Large debt payments can make it impossible to save for retirement, and the pressure of all those bills can ti...

How to get ahead of debt

Mon, 14 Jul 2008 15:01:24 GMT

Feeling overwhelmed by runaway debt? Learn how to get ahead of debt by avoiding five common mistakes. We’ve all been there: Dreading to open that credit card statement; charging holiday gifts we don’t have the cash to pay for. But just a few instances of irresponsible spending can add up to a big pro...

How do I pay off my holiday credit cards?

Mon, 14 Jul 2008 14:53:34 GMT

Learn some helpful tips for paying off your holiday credit card bills in no time flat. Admit it. Your holidays were a huge success – the new decorations were perfect, the celebratory feast included all the trimmings and everyone got just what they wanted. But now that the holidays are ...

Debt assistance companies

Mon, 14 Jul 2008 14:28:38 GMT

If you are teetering on the verge of bankruptcy, a debt assistance company may be able to help. If you are ducking debt collectors and using one credit card to pay off the next, you may be considering turning to a debt assistance company for help. There are hundreds of these companies on the In...

Drowning in debt?

Mon, 14 Jul 2008 14:17:13 GMT

Here are some sure-fire signs that you might be drowning and tips for developing a strategy for paying your debt down. You haven’t answered the phone for months, fearing it will be another collection agency calling. Bills are arriving so quickly you don’t bother opening them anymore. If your debt is getting out of co...