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Posted By:  |  January 14, 2016  |  0 Comment(s)

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 […]

Posted By:  |  January 13, 2016  |  0 Comment(s)

With the next drawing for the now $1.5 billion Powerball Lottery scheduled for tonight (Jan. 13, 2016), millions of people across the country are buying up lottery tickets like it’s going […]

Posted By:  |  January 12, 2016  |  0 Comment(s)

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 […]

Posted By:  |  January 7, 2016  |  0 Comment(s)

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 […]

Posted By:  |  December 14, 2015  |  0 Comment(s)

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 […]

Posted By:  |  December 9, 2015  |  0 Comment(s)

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 […]

Posted By:  |  December 1, 2015  |  0 Comment(s)

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 […]

Posted By:  |  November 17, 2015  |  0 Comment(s)

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, […]

Posted By:  |  November 11, 2015  |  0 Comment(s)

It’s that time of year again! A time for reconnecting with family and friends, for giving, for snowmen and hot chocolate, and for presents! It’s the holiday season, and for […]

Posted By:  |  October 27, 2015  |  0 Comment(s)

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 […]


  • How important is it to you for a debt consolidation company to offer financial education resources?
  • 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.

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