Personal loans can be a game-changer in your spring plans. Whether you have a project in mind or want to consolidate your high-interest credit card bills into one lower, fixed-rate payment, it’s a great time to lock in your rate, and start saving today! How Personal Loans Can Clean Up Your Finances As the flowers… Read More »Spring Clean Your Finances
During the holiday season, you’re likely making a list and checking it twice. But between gifts, travel, and festive celebrations, it’s easy to lose sight of holiday spending and your financial goals. This year, why not add “consolidate my debts” to your wish list? The holidays may seem strange to focus on debt but hear… Read More »Why the Holidays are a Good Time to Consolidate Your Debts
Buying things with credit cards is quick and easy—just swipe your card and go. But for many, the ease of making purchases causes their balances to grow to unmanageable levels. If you have one or more high-interest credit cards, a personal loan can be used to consolidate the debt. The following overview of the pros… Read More »The Pros and Cons of Using a Personal Loan to Pay Off Credit Card Debt
If you are thinking about applying for a loan, you may have encountered the term debt-to-income (DTI) ratio while researching your options. When considering applicants for a loan, lenders evaluate this ratio to make sure borrowers don’t have too much debt. Understanding the DTI ratio and how it works can help assess your ability to… Read More »What Is a Debt-to-Income Ratio?
Although interest rates have been very low for a while, they are now rising. To cool the high level of inflation we are experiencing, the Federal Reserve is raising interest rates for the first time since 2018. Many wonder how to handle higher interest rates and rising costs during these uncertain economic times. Prepare your… Read More »Preparing Your Finances for Interest Rate Hikes
Debt consolidation is a popular strategy that many use to combine several high-interest debts into a new loan with a much lower interest rate. In addition to helping you save money on interest, debt consolidation can also improve your credit score by consolidating debt, making your debt easier to manage. Instead of having several monthly… Read More »How Consolidating Debt Can Improve Your Credit Score
Trying to keep up with multiple debt payments can be a big headache. Each debt will have its own monthly due date, and some debts will have higher interest rates than others. To simplify their lives, many people consolidate their debt so they only have to deal with one monthly payment. But, is consolidating debt… Read More »Is Consolidating Debt a Good Idea?
Carrying a lot of debt can really hold you back in life. If you try to apply for a mortgage, for example, you may be denied if you already have an expensive car payment, a student loan, and significant credit card debt. Being deep in debt isn’t just an inconvenience—it can keep you from realizing… Read More »5 Debt Payoff Strategies That Work
