Despite how tempting or promising the offer, carefully check the terms and fine print of the loan conditions before entering into a new line of credit.
Higher interest rates can occur over time, especially if you default on the terms of the loan.
Credit cards offer a way of unsecured debt consolidation by transferring balances from your debts into one credit card when you open a new line of credit.
Below are just a few of our favorite articles: Reducing debt takes willpower. If you’re a homeowner, consider our Shelterline Home Equity Line of Credit.
The equity in your home may be the best answer to consolidating debt, making home improvements or financing college expenses. The maximum annual percentage rate that may be imposed is 18.00%APR.
His articles have appeared in Gannett and American Media Inc. He is the author of "The Complete Guide to Trust and Estate Management" from Atlantic Publishing.
For a limited time, we can help you straighten your financial life with a Debt Consolidation Loan with rates as low as 7.90% APR*.
Because this involves increased risk to the lender, however, interest rates are usually higher.
The personal loan also depends on your credit situation and may require a co-signer.
You can find them online or may notice them in print ads and commercials.
These companies create management plans to pay down debt over a fixed term, based on your particular financial status.
We all spend more than we should from time to time.
Maybe you are the type who just overdoes it occasionally, like during the holidays.
Many young couples choose debt consolidation loans because they don’t have the time or know-how to manage their various debts.