Couple Holding Stack Of Bills

Getting Rid of Debt: Do It Yourself or Hire Help?

More Americans are swimming in debt than ever before because of the struggling economy and a high national unemployment rate. Because of the increase in financial problems, there is also an increase in the demand for debt consolidation loans and the services of debt consolidation companies. The question is: should you be turning to these companies for help or is debt consolidation something you can tackle on your own?

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Plunging into Bankruptcy - Financial Speedometer

Filing for Bankruptcy: What You Need to Know

If you’re considering filing for bankruptcy, you’re not alone. More than 1.4 million Americans filed for bankruptcy just last year. The decision about whether to file bankruptcy is usually not clear-cut and there are several factors that go into it. Tim Chen, founder and CEO of NerdWallet.com, explains what these factors are and what you need to know.

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Is a Personal Loan Right for You?

How to Know When a Personal Loan Is a Good Fit

Personal loans are unsecured forms of credit available to consumers for use in various circumstances. You can use them to pay bills, medical expenses, to make an investment, for leisure activities such as a vacation or honeymoon, for education, debt consolidation, home or car repairs; and the list goes on and on. While things are said to be getting better economically, there are still consumers who will need to take out a personal loan to secure their financial well-being. Here are some tips to better understanding how to know when your personal loan is a good fit.

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Real estate agent consulting a mature couple at office

Truths and Myths about Credit Counseling

Many consumers lose control of their finances. Some are able to get themselves out of debt and regain control. Others turn to professional help in the form of credit counseling. But credit counseling isn’t always the appropriate choice. If you’re having trouble with debt, it’s time to uncover the myths and truths about working with a credit counseling agency to see if it’s the right solution for you.

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Debt Consolidation vs. Credit Counseling

Debt Consolidation vs. Credit Counseling: What’s the Difference?

If you’ve made the decision to get control of (and possibly get rid of) your debt, congratulations! Taking an honest look at your debt obligations isn’t easy. Neither is it easy to develop an effective repayment plan. Over the last several years, two types of companies have emerged – both aimed at helping consumers manage and eliminate debt. Many people assume that “debt consolidation” and “credit counseling” are essentially one and the same, but they offer very different services and may not be right for everyone.

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man-drowning

Drowning in Debt: Is Debt Consolidation Right for You?

The economic and housing downturns have left many families without savings and home equity, and some even without jobs. If you’ve fallen behind on payments or simply want to get out of debt fast, you may be considering debt consolidation. It can be a good solution, but it isn’t for everyone. When researching the debt consolidation option, consider the following.

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