Sentences with phrase «rather than debt consolidation»

Rather than debt consolidation, you may want to consider a debt management program.

Not exact matches

Debt consolidation hurts your credit score when you delay or reduce payments to creditors rather than retire old obligations immediately.

By consolidating with a debt consolidation firm rather than a credit counseling agency, you typically turn unsecured debt — like credit card debt — into a secured debt — one backed by property like your home or car.

You want to use the consolidation to help pay off your debts, rather than to enable additional spending.

However, clearing existing debts in one go makes a hugely positive impact on it — though it is important to realize that consolidation results in the debt being replaced rather than removed completely.

Consolidation loans are geared toward unsecured debt (credit cards, medical bills, utility or rent payments) rather than secured debts (home or auto) that have collateral behind them.

In Chapter 7 we look at the difference between credit score and credit capacity and explain why you may want to opt for a debt relief alternative, rather than risking a high cost debt consolidation loan.

The main idea behind a debt consolidation loan is that it gives you logistical benefits, rather than actually saving you money, as you still have to pay back the same amount.

With the high amount of credit card debt, we do have, consolidation may also help you to pay off those credit cards sooner rather than later — making that celebration that much sweeter.

Well okay, if I'm bring in $ 2,300, $ 2,400, $ 2,500 a month, rather than paying $ 1,000 on a debt consolidation loan to pay $ 200 or $ 300 a month on a consumer proposal, that sounds like it makes sense.

There are a couple reasons you might opt for a HELOC debt - consolidation loan rather than a standard home equity loan.

So it most cases, debt consolidation is a good thing to do before you buy a home, rather than a bad thing.

Rather than incurring more debt via a debt consolidation loan to repay your creditors, you work out a repayment plan you can safely afford to pay back your creditors, usually through a not - for - profit credit counselling agency.

Joan, I really enjoyed reading your post about why you're working so hard to pay off your consumer debt rather than go into debt consolidation or declare bankruptcy.

One of the best advantages of filing a Chapter 13 case rather than dealing with a debt consolidation company is that you are dealing with a Chapter 13 trustee who will make payments to your creditors each month.

Loan consolidation gives you an opportunity to get out of the debt faster as paying off one debt is psychologically easier rather than paying off dozens of tiny ones.

Rather than coming up with a complex system to remember to pay your bills or trying to decide which loan to pay off first, you may be better off taking out a debt consolidation loan.

Some, DC's can even do worse rather than providing you with an... [Read more...] about Debt Consolidation Loans: The Easy Solution?

Rather than helping you to reduce your debt through debt settlement, a consolidation loan may increase your debt burden.

Debt Consolidation: Rather than be overwhelmed by expensive loans you can take this loan and pay any money owed so that you remain with one big but manageable dDebt Consolidation: Rather than be overwhelmed by expensive loans you can take this loan and pay any money owed so that you remain with one big but manageable debtdebt.

A business debt consolidation loan can allow you to deal with a single creditor, rather than many, and perhaps get a loan with a lower interest rate.

The MDCL operates on the same premise as a regular debt consolidation loan: take out one loan to pay off all unsecured debts, such as credit cards, medical bills, payday loans, etc. and make a single payment to one lender rather than multiple loan repayments to multiple creditors.