How to Get the Best Rate on a Loan

If you need money for the short or long term, it’s important to remember that not all loans are created equal – and the price you pay for that money (in fees and interest) may vary dramatically. What do you need? Before shopping around for loans, you should know how much money you’re looking to…

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Debt Consolidation: What is it and is it right for me?

  If you’re dealing with multiple loans, chances are you’ve heard of debt consolidation (think of those obnoxious radio or tv ads). But what exactly is debt consolidation? Put simply, debt consolidation allows you to consolidate all of your debts into one payment. This will combine all your debt amounts, and it may offer a…

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“What is trailing interest and how do I avoid it?”

TFW when you make that final credit card payment to bring your balance to zero, and you get hit with another bill for interest!    What is “trailing interest”? I just got a credit card bill with interest charged after I paid it off! Submitted by Sasha. When you are using credit cards, timing is…

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“What credit card refinancing options do you recommend?”

What are some credit card debt refinancing options you recommend? Submitted by anonymous. My favorite approach to debt reduction is a payment plan. It helps you reduce interest by paying the debt in a way that works within your budget. A payment plan also minimizes the risk of consolidating, which can incur additional debt. If…

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How to Pay Down Your Debt

White dollar sign on a black background

“The ONE aspect of our financial lives that causes the most distress” (cue Jeopardy music) “What is DEBT?” Correct! Yup, you guessed it (or maybe you’ve lived it). Debt is the number one cause of financial stress in the U.S. The “right” way to pay off that debt is a constant source of confusion. Even…

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