Approximately 44 million people in the United States have student loans worth a total of $1.44 trillion, according to Experian. Many of these borrowers also own homes. While one of these debts
The most common options that the average person has for borrowing money are credit cards and personal loans, but homeowners have an additional possibility. A home equity line of credit (HELOC) is a
Consumers use debt consolidation loans to pay off multiple existing loans, combining them into a single account requiring only one monthly payment. While convenience is usually the primary reason for a debt consolidation
With the beginning of a new year and a new decade, many may resolve to get out from under the mountain of debt that often follows the Christmas holiday season. Increased year-end spending
For many people, debt builds up slowly, and over a long time. Small loans may seem manageable at first, but as one loan is added to another, debt can accumulate. When this happens,
Be sure not to believe these common debt myths: It’s not really debt Your debt doesn’t define you, but the numbers don’t lie. If you have consumer loans and you’
Debt consolidation is a tool that helps borrowers gather all their debts into one payment. Having a single loan can be beneficial for those with a medium-sized amount of debt that's spread out
Many of us have some form of debt, whether student loans, credit cards, or mortgages. Debt can be dangerous, but it is also a powerful tool, and using debt responsibly is also one
A debt consolidation loan is a great first step toward getting your financial life in order. Consolidating your debt makes it much easier and quicker to pay off your balance since you have
While you have access to more credit score information than ever, there's a lot of misinformation and outright mythology floating around, too. Several myths rise to the level of hype and can be scary.
One solution to high-interest-rate debts is to refinance with a new loan — one that will save you money, reduce your risk, or both.
The Negrons didn't know how many credit cards they had, but they knew how much the debt was dragging them down.
When Samiah Whitteaker was diagnosed with cancer two years ago, her credit card debt began to really add up.
Having good credit is key to getting good rates when you need to borrow money. Understanding how to improve your credit and how debt can impact you may help you the most. Check out our financial literacy guide on credit and debt to learn more.
By tapping into on your home’s equity, you can consolidate multiple debts into a single monthly payment and often with significantly lower interest rates.
Debt is rarely cheap, especially if it’s credit card debt. If you have high-interest debt and a home, it may be worth your time to consider consolidating debt utilizing your home’s equity.
Interest rate increases often mean you end up paying more for variable-rate loans. This can add up to you paying a lot more over the lifetime of your loan. Learn more about how interest rates affect your loans.
When you're borrowing money, the interest rate is part of what determines how much that loan will cost you over time. But you shouldn't always just choose the lowest rate offered.
Debt consolidation can help roll several high-interest debts into a single, lower interest payment and may even help you pay off debt faster. There are several ways to consolidate debt, but which is the right one?
Millions of Americans are in debt. Homeowners have an option that can potentially save them thousands in interest - their home equity.
When you consolidate your credit card debt, you’re taking out a new loan to pay off your old loans, and there are some important questions to consider before deciding if it's right for you.