If you are carrying balances on multiple credit cards — each with its own interest rate, minimum payment and due date — debt consolidation may be one of the most powerful tools available to simplify your payments and dramatically reduce your interest costs. Debt consolidation means combining multiple debts into a single debt — ideally…
A debt collector just called. Your heart rate jumped. You panicked, said something you did not mean to say, and hung up feeling worse than before. This is an incredibly common experience — and it is completely understandable. Debt collectors are trained professionals who make hundreds of calls per day. Most people they call have…
Getting out of debt is one of the most financially transformative things you can do. Not just because of the money you save in interest — but because of the freedom, options and peace of mind that come with a debt-free life. But most guides on getting out of debt are vague. “Spend less, save…
You have decided to get serious about paying off your debt. You have a list of balances, interest rates and minimum payments. You are ready to start throwing extra money at your debt every month. But which debt do you pay first? This single decision — which debt to target first — can mean the…