 |
| |
|
|
|
|
| |
| |
Payment Solution
Find out about our easy and effective payment solution.
If you are seeking a payment solution to high monthly debt payments, you aren't alone. According to CardWeb, about 3 percent of credit card accounts are past due by 30 days or more each month. In addition, national statistics show that nearly half the households in America report having difficulty paying their minimum monthly payments.
Helpful payment solution tips from Money Management
- Consolidate. One option before deciding on your exact payment solution is to consolidate your loans. You may be able to obtain a consolidation loan if you have the three primary qualifications which are (1) the ability to repay the loan,(2) the credit background to verify your repayment record, and (3) the necessary collateral to guarantee repayment. If you do qualify, you may be able to lower your payments by obtaining a lower interest rate and lengthening the time you have to repay. However, before you go this route, remember that by dragging your payments out over time, you may actually be paying more in the long-run.
- Communicate. A general rule with creditors: it is better to call them before they have to call you. At the first sign of financial trouble, call your creditors and tell them about your situation; ask them about a hardship program. Many lenders have payment solution programs in place to help people who are facing temporary set-backs.
|
|
|
|
| |
 |
|
| |
 |
|
|
|
|
|
