Posts By:
Student loans make up over one-third of the $3.34 trillion US consumer debt and Andrew Josuweit, CEO of Student Loan Hero says by implementing these four goals, results could certainly […]
Maryland Governor Larry Hogan (R) says he has a proposal that may benefit retirees and low income families who suffered during the 8 year O’Malley run. Hogan’s proposal is scheduled […]
As student debt continues to rise, Americans watch as the 2016 Presidential candidates address their ideas on reform; however, Connecticut launched a plan to tackle their student debt crisis, moving […]
Late last year the Obama Administration and the U.S. Department of Education implemented a rule to protect students by regulating career colleges, holding them accountable to their claims of putting […]
Economists expect consumer spending will remain healthy by the end of the fourth fiscal quarter with an expected $630.5 billion in holiday spending alone. Sinking Americans further into debt, the […]
Student debt has taken center stage in the 2016 Presidential campaign and with $1.2 trillion and rising, it’s no wonder college students across America have been on a plight to […]
It is a widely accepted belief that some of the most well known Universities, including those in the Ivy League sector, are ones guaranteeing a top-notch salary after graduation; however, […]
Outspoken and highly ambitious, Mike Cagney, SoFi CEO, opens up to Inc.’s senior editor Maria Aspan about his mission to become the first “non-bank bank” all while America watches big […]
Being a public servant holds benefits such as student debt forgiveness and some advocates and bipartisan legislators are pushing a proposal to add a new position into the public sector […]
Pacific Debt, Inc. has been a leader in the debt settlement arena for over a decade proving personalized service and client care render satisfied customers. The results are highlighted in […]
- Takes your existing debt and try to settle with your creditors for a lower amount. If you pay off the settled amount, your debt will be considered paid in full.
- Negotiates with your creditors on your behalf.
- Fee based on a percentage of your total starting debt or a percentage of the debt they save you.
- Most settlement companies have you create a separate "escrow" account where you will make monthly contributions over a certain amount of time to contribute to your settlement. Once there is a substantial amount of funds to show your creditors, the settlement company will try to negotiate a lower amount of debt.
- Combines all your debts and creditors into one monthly payment.
- Allows you to pay one monthly payment to the consolidation company, instead of multiple payments to different creditors.
- You no longer owe your original creditors; instead you pay one monthly payment to your consolidation company.
- Consolidation companies can help negotiate lower interest rates on your debts and help lower your total debt payment in the long run. A lower interest rate will lower the amount you owe in the end.
- Allows you to consolidate all your different debts into one personal loan that can be paid off over time.
- Can offer borrowers a lower interest rate with a longer payback term (compared to high-interest credit cards or medical bills). This will lower the amount of money required to pay off the loan over time.
- Personal loan debt consolidation can be an effective way to raise your credit score quickly (within 3-6 months).
- Borrowers can receive funds from their loan within only a few days.
Read full articleRecently Reviewed:
Trending Blog Post:
