Consolidating credit card debt involves borrowing money at a lower interest rate to pay off credit card balances. This method makes managing money easier by creating a single payment each month. The added benefit is that the high interest credit cards go to a zero balance. This can boost the cardholder’s credit score if they are left open and unused.
Consumers who find themselves squeezed tight in a money pinch can easily become victims of popular loan scams. This article will explore some of the most common of these dastardly deeds.
A debt management plan (DMP) is the increasingly preferred option for resolving tough financial issues. As an alternative to bankruptcy, it is a personal finance program to suit the unique circumstances of the individual debtor, since diverse financial situations affect the ways money should be managed.
ConsumerCapital may be relatively new in the Canadian alternative lending ecosystem, but the company is already focused on establishing long-lasting relationships with its customers.
But if you’ve tried a DIY approach to getting rid of debt that doesn’t seem to be working, it might be time to get some outside help. There are services available for consumers struggling with their debt. One such service is debt management.
There are some people with bad credit who speculate whether or not is it actually necessary to attempt to improve their low credit score. The answer is a definite yes! Financial responsibility is not always easy. Yet in today’s world, having the best credit score possible can help life go more smoothly in a variety of ways.
Learn about debt consolidation in Canada and when its best to use debt consolidation. Benefits, frequently asked questions and pros and cons. Get the answers here.