Tag Archives: debt reduction

Man of concern

Debt Consolidation Facts

There’s more to it than just making the monthly payments.

Are you someone who’s scared to look at your checkbook balance and open your credit card statements? If there’s a long trail of unread mails in your inbox from the credit card companies and you know that you’ve accrued hefty interest charges and fees, you might be the best candidate for combining your debts into a single monthly payment through a loan. Continue reading

photo by: Lisa Brewster

5 Tips to Help You Pay Down Debt

There it is again. That ugly four letter “d” word that seems to loom over you every day. According to a CBS Money Report  in August 2012, the average consumer credit card debt is hovering just below $5000. With a minimum payment of $100, or 2% of the card balance, and an interest rate of 9%, that would take 16 years to pay off! Add that on top of any other debts that you may have, and whoa! Things seem to be out of your control. With a little planning and a lot of effort, you can take back control and give debt the boot. Continue reading