student loan consolidationYou may have seen the TV commercials about student loan consolidation. A sign of the times, to be sure. Student loan debt in the United States is increasing. This is due to the fact that financial aid and government grants are not enough to offset the increasing cost of college, and family income has not increased much for decades when adjusted for inflation..

bad creditIn many cases, the people who have bad credit are the ones who are in need of emergency funds. If you have a low credit score, then you may think that it is impossible to borrow the money you might need for medical bills, emergency expenses and home repairs. You may also believe that it is impossible to get the funds if you have been denied credit in the past. However, there are some options available if you are struggling with bad credit.

ForeclosureMany people find themselves struggling to pay their mortgage. This can be quite frustrating, but the good news is that there are many programs that can help if you are facing foreclosure.

Free Credit Report"Free" Credit Reports?

Credit reporting websites have devised a new marketing approach in order to comply with new federal laws. They are not advertising "Free Credit Reports" anymore due to complaints from consumers. However, many websites are advertising that they are offering free credit scores.

bankruptcy lawyerIn 2014, there were 936,795 cases of bankruptcy, a significant drop from the previous year, and a significant increase from the reported filings in 1980. Many people misinterpret the meaning of bankruptcy and associate it with being “broke.” Bankruptcy is meant to shield the filer from creditors while they follow a repayment plan, and comes in many forms that a bankruptcy lawyer can help you understand.

impoundThere may be times in your life when you have trouble paying your bills. Missed days of work due to illness can result in lost wages meaning that you may get behind on your car payments. What happens to your automobile if you get too far behind? 

Reverse MortgagesAdvertisements for reverse mortgage loans are a staple of late night television, direct mailings, and telephone “robocalls.” While such loans can be beneficial to senior citizens when used for paying off debt or as a means of supplemental income in a homeowner’s retirement years, many homeowners do not have a complete understanding of how such loans work and have found themselves in danger of losing their homes at a later time.

low interest loans

What is a Loan? A loan is a sum of borrowed money. Before you take out a loan, it is important for you to have a thorough understanding of how they work. You will be able to save money and make better decisions if you understand how a low interest loan works.

Not only are many people in America struggling to get out of debt, but they are also struggling to make ends meet. It is estimated that one out of four Americans are living paycheck to paycheck. This means that if they were suddenly faced with an emergency expense, they would struggle to pay for it.

Unfortunately for many consumers, it is far too easy to fall into debt. When you have difficulty paying off your credit card debt on time or even at all, it can really take its toll on you both mentally and financially. Fortunately, you have assistance toward becoming debt free in the form of credit card consolidation. However, you will want to be smart when you seek this service. Here are a few debt consolidation traps to avoid.