how balance transfers affect your credit score

If you have a balance on a high-interest credit card and are looking to pay it off, balance transfers are a good idea. There are many credit cards out there that even offer promotions to get you to open an account and transfer your debt. For example, some offer up to two years to pay […]

pros and cons of debt consolidation

Pros and Cons of Debt Consolidation

Juggling different sources of debt can feel like putting out a house fire with a garden hose. You may make improvements in one area, only to realize you’ve let another area get out of control. That’s why debt consolidation exists – to give consumers the option of combining all those debt sources into one. When […]

Puzzle pieces used to symbolize consolidation of credit card debt into a single loan

Are you drowning in credit card debt? Even if you’re making the minimum payments each month, chances are the balances aren’t decreasing as fast as you’d like them to. And if money’s tight, it may be tough to ramp up debt-payoff efforts. So, you decide to look into consolidating your credit card debt. But is […]

debt consolidation excessive debt

Debt Consolidation: What is Excessive Debt?

In 1964, United States Supreme Court Justice Potter Stewart attempted to describe his threshold test for obscenity in Jacobellis v. Ohio, famously saying it was difficult to define, but “I know it when I see it.” People often think of excessive debt this way. They may not have a ready definition for what counts as […]

consolidate debt collections

You hit a bump in the financial road and some of your debt has gone into collections. And the collections agencies won’t stop calling. And calling. And calling. It’s enough to make you crazy. Are there any solutions other than just paying what you owe as soon as you can? Turns out, there might be […]

Manage Multiple Sources of Debt

The amount of debt that U.S. households have is growing, reaching $12.58 billion, according to the 2017 report from the Federal Reserve, which is the highest since 2008. But is being in debt a good thing or a bad thing? The truth is that it can be both. The good side to carrying debt is […]

Top 10 Ways to Consolidate Credit Cards

Whether you’re drowning in credit card debt or simply want to reduce the number and amount of payments you make each month, consolidating credit cards is a savvy financial move. However, all methods of consolidating credit cards are not created equal. The ten strategies below vary from extremely desirable to approaches that should be considered […]