#debt consolidation

[bitchesgetriches]

{ MASTERPOST } Everything You Need to Know about How to Pay off Debt

Understanding debt:

Let’s End This Damaging Misconception About Credit Cards

Season 2, Episode 10: “Which Is Smarter: Getting a Loan? or Saving up to Pay Cash?”

Dafuq Is Interest? And How Does It Work for the Forces of Darkness?

Investing Deathmatch: Paying off Debt vs. Investing in the Stock Market

How to Build Good Credit Without Going Into Debt

Dafuq Is a Down Payment? And Why Do You Need One to Buy Stuff?

It’s More Expensive to Be Poor Than to Be Rich

Making Decisions Under Stress: The Siren Song of Chocolate Cake

How Mental Health Affects Your Finances

Paying off debt:

Kill Your Debt Faster with the Death by a Thousand Cuts Technique

Share My Horror: The World’s Worst Debt Visualization

The Best Way To Pay off Credit Card Debt: From the Snowball To the Avalanche

The Debt-Killing Power of Rounding up Bills

A Dungeonmaster’s Guide to Defeating Debt

How to Pay Hospital Bills When You’re Flat Broke 

Ask the Bitches Pandemic Lightning Round: “What Do I Do If I Can’t Pay My Bills?” 

Slay Your Financial Vampires

Season 4, Episode 3: “My credit card debt is slowly crushing me. Is there any escape from this horrible cycle?” 

Case Study: Held Back by Past Financial Mistakes, Fighting Bad Credit and $90K in Debt 

Student loan debt:

What We Talk About When We Talk About Student Loans

Ask the Bitches: “The Government Put Student Loans in Forbearance. Can I Stop Paying—or Is It a Trap?”

How to Pay for College without Selling Your Soul to the Devil

When (and How) to Try Refinancing or Consolidating Student Loans

Ask the Bitches: I Want to Move Out, but I Can’t Afford It. How Bad Would It Be to Take out Student Loans to Cover It?

Season 4, Episode 4: “I’m $100K in Student Loan Debt and I Think It Should Be Forgiven. Does This Make Me an Entitled Asshole?” 

The 2022 Student Loan Forgiveness FAQ You’ve Been Waiting For

2023 Student Loan Forgiveness Update: The Good, the Bad, and the Ugly 

Our Final Word on Student Loan Forgiveness 

Avoiding debt:

Ask Not How Much You Should Save, Ask How Much You Should Spend 

How to Make Any Financial Decision, No Matter How Tough, with Maximum Swag

Your Yearly Free Medical Care Checklist

Two-Ring Circus 

Status Symbols Are Pointless and Dumb 

Advice I Wish My Parents Gave Me When I Was 16 

On Emergency Fund Remorse… and Bacon Emergencies

Should You Increase Your Salary or Decrease Your Spending? 

Don’t Spend Money on Shit You Don’t Like, Fool

The Magically Frugal Power of Patience

The Only Advice You’ll Ever Need for a Cheap-Ass Wedding 

The Most Impactful Financial Decision I’ve Ever Made… and Why I Don’t Recommend It 

3 Times I Was Damn Grateful for My Emergency Fund (and Side Income) 

Buy Now Pay Later Apps: That Old Predatory Lending by a Crappy New Name 

Credit Card Companies HATE Her! Stay Out of Credit Card Debt With This One Weird Trick 

Ask the Bitches: Should I Get a Loan Even Though I Can Afford To Pay Cash? 

The Bitches vs. debt:

I Paid off My Student Loans Ahead of Schedule. Here’s How.

I Paid off My Student Loans. Now What?

Hurricane Debt Weakens to Tropical Storm Debt, but Experts Warn It’s Still Debt

The Real Story of How I Paid Off My Mortgage Early in 4 Years

Case Study: Swimming Upstream against Unemployment, Exhaustion, and $2,750 a Month in Unproductive Spending 

That’s all for now! We try to update these masterposts periodically, so check back for more in… a couple… months??? Maybe????

[lostlegendaerie]

Fuck it! US Private Student Loans Guide!

DISCLAIMER: while I have worked in private loans specifically for five+ years, this isn't ‘financial’ advice and is just a heavily summarized guide on how to navigate them. Yes, these loans suck, but complain to your legislators not me. I’m just trying to help you know what you’re doing. Additional info for each section is under the cut!

1) Who are you and who are all the companies constantly running around with my money?

I work in loan SERVICING, which is basically the billing department. If you’ve got a new company asking you for money, it's probably a new servicer and your debt is still owned by the bank. We enforce the terms in the promissory note, the document you sign telling the bank “yeah I'll play by your rules if you give me the money.” If your loan defaults, you’ll get contacted by a third (fourth?) party, but how that works is beyond my wheelhouse. The bank or your servicer should be able to confirm what happens in case of default.

2) What am I looking for in a ‘good’ loan?

Generally, you’re going to want SIMPLE instead of compound interest, a FIXED RATE opposed to a variable one, and you’ll want to go for FULL DEFERMENT while in school and make manual payments when you can. Also ask up front about stuff like if disability forgiveness or co-signer release (getting your parents off it) is offered.

3) This loan sucks! How do I make it better?

Student loans are NOTORIOUSLY hard to get out of, unfortunately. If the interest rate/payment relief options suck, you can try to REFINANCE where you take out a new loan to pay off the old one. This gives you a new promissory note, interest rate, and terms/conditions. If you’re trying to erase the debt entirely, ask for the promissory note (if they can't provide a copy, we have to forgive the debt. I've only seen this happen ONCE.) or try to go through social security disability.

DO NOT USE FREEDOM DEBT RELIEF OR OTHER SERVICES. DO NOT. THEY ARE SCAMS.

More in depth information for each point!

1) Lenders and Servicers

The lender is the person who provides the funds in the debt - the bank who pays the school or the hospital or the home contractor fixing your sink. The servicer is the company that is your point of contact when you need to make payments, ask for payment relief, or otherwise manage the loan that exists. Think of us as the mechanic (we keep the car running) where the bank is the manufacturer (they make the car). Some different servicers are SoFi, Zuntafi, Great Lakes, Nelnet and Firstmark Services; their names will be on the billing statements. Some different banks are Citizens, US Bank, NorthStar; their names will be on the promissory note and the disclosures.

Sometimes banks do sell the debt, however! A couple years ago Wells Fargo sold an enormous chunk of their loans off somewhere (an investment group, maybe?) but! The promissory note will still be the EXACT same if your debt gets sold. You’ll only get a new promissory note if you refinance the loan yourself.

2a) Interest Accrual and Rates

Interest is how banks profit off the loans they give out and/or ‘ensure they don't end up with a loss if the loan defaults’. (It's profit.) Most, but not all, loans calculate interest with the simple daily interest formula, shown below:

[(Current loan balance) x (interest rate)] divided by 365

If your loan’s balance is $10,000 and your interest rate is 6% you’ll be charged $1.64 each day. SIMPLE INTEREST means that this interest just kind of floats around on the account until a payment comes in and pays it off, where COMPOUND adds that interest to the balance at the end of the month/day/whatever. Compound charges you more over the life of the loan.

FIXED INTEREST is a set percent that doesn't change, where VARIABLE will change usually based on whatever the economy is doing. There’s a minimum and maximum value to the variable interest rates, so if you’re doing a variable ASK WHAT THE MINS AND MAXES ARE. A fixed rate might be 8% and a variable might be 3.25% the day you take it out, but that variable could have a maximum interest rate of 25% so be VERY, VERY CAREFUL. If you get stuck in a real bad variable interest rate, your best solution is probably a refinance.

2b) Deferment and Payment Allocation

So interest is gonna be accruing on your loan from the day the money leaves the bank. Sucks. And you may not be able to make payments while you're in school, so opting to DEFER your payments will stop them from billing you so you can skip a month or whatever without penalty. At the END of that deferment, though, whatever interest that accrued will be added to your current balance. If we use the example from above (10k loan with 1.64 daily interest) four years of school will add $2,400 to your balance and then your daily interest will jump up to $2.03 a day.

Solution? Make payments of what you can while you’re in school to chip away at that floating interest. Usually when you make a payment, it’s gonna go towards the interest first and then the rest drops the balance. (E.g. if you make a $20.00 payment ten days after your loan is disbursed, $16.40 will go towards interest and $3.60 towards your 10k balance). There is NO PENALTY for making extra payments or making early payments, but it might make your bills look a little weird if you’re being billed each month for just the interest.

3) Why are these loans so horrible? Can’t I find anything to help me?

Blame Reagan and the republicans who enabled him.

No, but really. The problem with these loans is that those promissory notes are VERY legally binding and have lots of fine print in there designed to make it as hard as possible for someone to skimp out on their debt without having their credit score decimated. Some lenders might even dip into your paychecks if you're crazy behind or default; again, that's not my wheelhouse and I've only maybe seen that once. Your best bet is just to pay it off as fast as possible (again, no penalty for paying the loan off early) or refinance into better terms.

And I get it. I really do. I hate how we’ve made so many incredibly important things in our society locked behind a paywall that charges poor people more to climb than the rich. But if you’ve made it this far, please don't turn your anger at me for not giving you the answers you want. The best I can do is vote for people who are willing to crack down on predatory lending, keep fighting for student loan forgiveness… and at my own job, make sure that my coworkers aren't making mistakes.

If you have a more specific question, I can try to answer as best I can without breaking any information privacy laws. And take care, okay? You are never fighting alone.

[jar-of-rubies]

People in South Africa who are having trouble managing numerous loans with various interest rates and terms frequently utilize debt consolidation as a financial solution. By consolidating all of a person's debts into one loan with a lower interest rate debt consolidation aims to make repayment simpler. Due to the fact that they no longer need to pay various creditors on a monthly basis customers may find it easier to pay off their debts. For people who are battling with large levels of debt and could face default or bankruptcy debt consolidation can be a useful tool. Before making a choice it's crucial to thoroughly weigh the conditions and costs of debt consolidation loans.

[financialhelpneeded]

Please help me overcome my financial crisis and secure my future

I am struggling with my finances for a while now. Despite my best efforts, unable to generate enough income to cover my expenses as my bills have passed my income. I have been forced to rely on credit cards and loans to meet the bills, and my debt has been growing steadily. I am now at a point where I am struggling to make even the minimum payments on my debts, and I am facing the very real possibility of bankruptcy.

I am reaching out to you today because I am in urgent need of $50,000 or INR 45 lakhs(4,500,000) so that i can do partial payment of my debt and my total debt with various banks is $98000 or INR 84 Lakhs(total debt with banks).This will help me pay off my existing debts, cover my basic living expenses. With your help, I can get back on my feet and start building a better future for myself and my family.

I run a website called My Finance Managers (https://myfinancemanagers.com/), where I manage funds for my clients. Unfortunately, due to my own mistake in hiring the wrong people to manage the funds, I incurred huge losses from the stock market in the last 6 months. These losses wiped out all my savings and the entire loan taken from banks. I lost some of the amounts in crypto currencies which are out of trading now. As a result, I am currently living off credit cards and only able to pay the minimum due. The loan taken from the banks to pay off the losses has now become unmanageable, and the bank executives are chasing me for the money. I am left with no other option but to seek help online or face dire consequences. This has been a very bad experience for me, and I am struggling to stay afloat. However, I am determined to turn my situation around and get back on my feet. With your help, I can pay off my debts and start fresh.

If I am able to secure this amount, I will use it to pay off my existing debts and cover my basic living expenses. This will allow me to get out of the cycle of debt and start building a solid financial foundation.

There are several ways that you can help support me:

1. Donate: If you are in a position to do so, please consider making donation via various methods. Every little bit helps, and your support could make a huge difference in my life.

2. Share: Even if you are not able to donate, you can still help by sharing my campaign with your friends and networks. The more people who see my story, the more likely I am to reach my goal.

3. Encourage: Finally, your words of encouragement and support mean the world to me. Knowing that there are people out there who believe in me and my dreams gives me the strength and motivation to keep going, even when times are tough.

Any help financially or any opportunity to clear my debt i am looking to take. My situation is very worst that i have tried to negotiate with the bankers and try to extend the moratorium period but as the payments are delayed they are helpless.

I am also willing to repay the amount when i am financially strong. If anyone has any guidance or advice on how to handle this situation, it would be greatly appreciated. I am determined to turn things around and get back on track, but I cannot do it alone. Any help or support would be greatly appreciated.

I kindly request you to donate any amount possible to you.

Thank you for taking your time for me. With your help, I know that I can turn my financial struggles into success.

Please help with kind heart!!

Pay krishna surya using PayPal.Me

Go to paypal.me/krishnav556 and type in the amount. Since it's PayPal, it's easier and more secure. Don't have a PayPal…

paypal.me

You can contact/WhatsApp me on +918977426208 to know more details of my financial situation or you need more information to help.

From the bottom of my heart i thank all the persons who have come forward help me. Your help would save a family.

[bekandrew]

Finally found a consolidation option for my loans so I can get them to a better servicer and get them to qualify for a payment plan I can actually afford. And stop my uni's fin aid office doing bullshit like dicking around with me and putting me on the wrong aid when I was literally homeless (forbearance instead of economic hardship deferment, caused a fuckton of interest to pile up all at once). Fingers crossed the consolidation and everything goes through.

[consolidationexpert]

Consolidation Expert

At Consolidation Expert, we’re all about helping people simplify their finances to get back on the right track. As a consolidation loan broker, we specialise in helping people to find the right consolidation loan for their financial situation. A consolidation loan can allow people in debt to repay multiple creditors and combine multiple payments into one manageable loan. We have many years of experience in the industry and are committed to providing a personalised service to every one of our clients. Therefore, every loan offer is tailored to suit your unique situation. We believe that with the right help, everyone can conquer debt and regain control of their finances. That’s why we work with a large panel of lenders who consider a range of credit histories.

If you are looking to find the right type of Consolidation Loans look no further other than Consolidation Expert.

Contact Us

Consolidation Expert

86 Ashley Rd, Hale, Altrincham, Greater Manchester, WA14 2UN, United Kingdom

+44 161 359 8205

https://consolidationexpert.co.uk/

To know More

Brand Map

[realestate-assist]

Debt Consolidation -

Debt Consolidation can be a lifesaver for many homeowners struggling with multiple high-interest debts. This process combines all your outstanding debts into a single, more manageable payment, usually with a lower interest rate. Consolidate your debts today with Real Estate Assist's property solutions

Debt Consolidation in Cape Town

[cieloazuls-posts]

new website

We have created this website for those who are in need of help with debt consolidation.

[bosslogicinc]

What is debt review?

Debt review is the process in which a qualifying person’s outstanding debt is restructured into a single repayment plan after renegotiating the interest rates and repayment periods.

Most importantly, when under Debt Review, you are legally protected and creditors are no longer allowed to hassle you.

A new affordable monthly budget and payment plan will be drawn up to provide you with the correct guidelines and means to live off.

[ljcrestview]

Understanding The Different Types Of Bankruptcy

Bankruptcy Lawyers in Crestview, FL

Martin Lewis and Steven Jurnovoy joined as partners in 1998 to create the law firm of Lewis & Jurnovoy, P.A. The primary emphasis of the law firm is in the representation of individuals and sole proprietors in Chapter 13 Bankruptcy (“Debt Consolidation”) and Chapter 7 Straight Bankruptcy.

Lewis and Jurnovoy 1501 S. Ferdon Blvd. Crestview, FL 32536 (850) 409-3350 https://www.LewisandJurnovoy.com/

[bitchesgetriches]

{ MASTERPOST } Everything You Need to Know about Credit and Credit Cards

Understanding credit

Dafuq Is Credit and How Do You Bend It to Your Will? 

Dafuq Is a Down Payment? And Why Do You Need One to Buy Stuff?

Ask the Bitches: Should I Get a Loan Even Though I Can Afford To Pay Cash?

Season 2, Episode 10: “Which Is Smarter: Getting a Loan? or Saving up to Pay Cash?”

Ask the Bitches: What’s the Difference Between Credit Checks and Credit Monitoring? 

When (And How) To Try Refinancing or Consolidating Student Loans

Season 3, Episode 7: “I’m Finished With the Basic Shit. What Are the Advanced Financial Steps That Only Rich People Know?”

Buy Now Pay Later Apps: That Old Predatory Lending by a Crappy New Name 

Using credit

How to Instantly Increase Your Credit Score…For Free 

How to Build Good Credit Without Going Into Debt 

Case Study: Held Back by Past Financial Mistakes, Fighting Bad Credit and $90K in Debt 

Season 1, Episode 3: “My Parents Have Bad Credit. Should I Help by Co-signing Their Mortgage?” 

Season 3, Episode 2: “I Inherited Money. Should I Pay Off Debt, Invest It, or Blow It All on a Car?”

Season 2, Episode 2: “I’m Not Ready to Buy a House—But How Do I *Get Ready* to Get Ready?”

Credit cards

A Hand-holding Guide To Getting Your First Credit Card 

63% of Millennials Are Making a Big Mistake With Credit Cards

Let’s End This Damaging Misconception About Credit Cards

The Best Way To Pay off Credit Card Debt: From the Snowball To the Avalanche

Credit Card Companies HATE Her! Stay Out of Credit Card Debt With This One Weird Trick 

Season 4, Episode 3: “My credit card debt is slowly crushing me. Is there any escape from this horrible cycle?” 

Here’s What to Do With Those Credit Card Pre-approval Offers You Get in the Mail

We’ll periodically update this masterpost as we continue to write tutorials and answer questions on credit. So if there’s anything you’re confused about, keep the questions coming!

And if we’ve helped you increase your credit score or pay off your credit card debt, consider tossing a coin to your Bitches through our PayPal. It ensures we can pay our lovely assistant and keep bringing you free articles and episodes like those above.

Toss a coin to your Bitches on PayPal

[lewisjurnovoyfwb]

Mortgage Modification lawyer in Fort Walton, FL - (850) 863-9110

Lewis and Jurnovoy is a local law office serving the Florida Panhandle. We specialize in bankruptcy law, including Chapter 7 and Chapter 13 bankruptcy. We will work to achieve the best financial remedy for your outstanding debts.

Lewis and Jurnovoy 151 South Mary Esther Cutoff Ste. 103 Fort Walton Beach, FL 32569 (850) 863-9110 https://www.LewisandJurnovoy.com

[lewisjurnovoypensacola]

Pensacola Mortgage Modification Lawyer in Pensacola, FL - (850) 432-9110

Lewis and Jurnovoy is a local law office serving the Florida Panhandle for over 20 years. We specialize in bankruptcy law, including Chapter 7 and Chapter 13 bankruptcy. We will work to achieve the best financial remedy for your outstanding debts.

Lewis and Jurnovoy 1100 North Palafox St Pensacola, FL 32501 (850) 432-9110 https://www.LewisandJurnovoy.com

[lewisjurnovoypcb]

Personal Bankruptcy Attorney in Panama City, FL - (850) 913-9110

Lewis and Jurnovoy is a local law office serving the Florida Panhandle. We specialize in bankruptcy law, including Chapter 7 and Chapter 13 bankruptcy. We will work to achieve the best financial remedy for your outstanding debts.

Lewis & Jurnovoy PCB 2714 West 15th St Panama City, FL 32401 (850) 913-9110 https://www.LewisandJurnovoy.com

[csl-finance1]

Maximize Your Financial Freedom: Utilizing Loan Against Property for Debt Consolidation

Are you drowning in a sea of debts, struggling to stay afloat amidst numerous payments and high-interest rates? If so, debt consolidation through a loan against property might just be the lifeboat you need to navigate your financial waters. Let’s dive into how this approach can rescue you from debt overload and set you on course for a smoother financial journey.

Loan Against Property for Debt Consolidation

Debt consolidation involves merging various debts into a single loan, simplifying your repayment process. With a loan against property, you pledge your property as collateral to secure a loan, enabling you to consolidate high-interest debts like credit card balances, personal loans, or other outstanding dues into one manageable installment.

Key Benefits of Debt Consolidation with a Loan Against Property:

Leverage Lower Interest Rates: Loan against property interest rates are often lower as compared to unsecured loans, helping you reduce the overall cost of borrowing.

Streamlined Repayments: Bid adieu to the chaos of multiple due dates and varied interest rates. Debt consolidation means making just one monthly payment towards your loan against property, simplifying your financial management.

Extended Repayment Tenure: Enjoy a longer repayment period with a loan against property, easing the monthly burden on your finances and providing breathing space to stabilize your monetary ship.

Credit Score Protection: Timely repayments on your consolidated loan can shield your credit score from the storm of missed or late payments, ensuring a smoother sailing credit journey.

Unlock Hidden Equity: If your property holds substantial equity, a loan against property lets you tap into this valuable asset to consolidate your debts, offering a lifeline of liquidity to address your financial woes.

Is Debt Consolidation with a Loan Against Property the Right Fit for You?

Debt consolidation with a loan against property is ideal for those seeking to simplify their finances, reduce interest costs, and regain control over their debt. However, it's essential to assess your financial situation carefully and weigh the risks and benefits before proceeding.

Navigate Your Financial Waters with Confidence:

Before embarking on this voyage, seek the counsel of financial experts or mortgage specialists. Their guidance can help you navigate the intricacies of debt consolidation and chart a course towards financial stability.

Set Sail Towards Financial Security:

Ready to embark on your journey towards debt freedom? Reach out to reputable lenders offering loan against property services. With their support, you can set sail towards smoother financial waters and a brighter future.