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When it comes to debt consolidation, there are a few different options — unsecured loans, balance transfers and mortgage refinances — but nonprofit debt consolidation works a little differently. Instead of creating a new loan, you’ll work with the nonprofit to create a debt management plan (DMP).
There are some pervading misconceptions about credit scores that just won’t die. We’re here to turn that around. Here are some of the most common myths about credit scores, debunked:
Consolidating your debts can be a helpful way to simplify debt repayment and save money, but many consolidation options may not be available if you have poor credit. You're not out of luck, however - there are still ways to save money and repay debt through consolidation, even if you have less than stellar credit.
The cost of prescription meds is on the rise, making it challenging to get what you need if you have no income. There are ways to get the medications you need though. And at little or no cost to you.
The extended mortgage forbearance programs created to help homeowners through the pandemic will soon begin ending. So what should impacted homeowners do to prepare for life after forbearance?
When a credit card, utility bill, or other debt goes unpaid long enough, it may end up being “charged off” by the lender. What exactly does that mean, and what does it mean for you?
If you're co-signing on a loan, it's usually to help out a friend or family member who doesn't have the credit to qualify on their own. While the intentions are good, co-signing can go south quickly if the other borrower stops making payments. What are your options at that point? Can you be removed from the loan?
Developing good credit is an ongoing process that starts with understanding how credit reporting works. Follow these five steps to start maximizing your credit.
Recently married? You’ll need to decide what to do with your existing outstanding loans and credit card accounts, as well as any new credit accounts that you open when you are married. There are several options available, each with its own pros and cons.
There are many different credit card options out there from affinity cards to rewards cards. When choosing a credit card, the most important thing is to know exactly how you’ll plan to use it.
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