Let us create a 3D eBook for you!
Let us create a 3d Digital eBook for you! DigyCat.com

What is Debt Consolidation?


Debt consolidation may be the answer for anyone drowning in a sea of unpaid bills. Debt consolidation lumps all of your unsecured debts including credit card bills, doctor, dentist, veterinary, and other service provider bills - any bills that are not secured by collateral or property such as an automobile or a house - into one monthly payment.

Types of Debt Consolidation

There are several ways to achieve debt consolidation, including one that does not require borrowing more money. Debt consolidation options include:

1. Home Equity Loans - A popular method of debt consolidation, the home equity loan is a mortgage based on the amount of equity you have invested in your home. It should be noted that home equity loans are secured by your house, which means if you fail to make payments on schedule, and according to the terms of the loan, you risk losing your house.

2. Personal Loans - Many banks and other lenders offer unsecured personal loans based on your annual income. The amount that can be borrowed will vary from person to person, and not everyone will qualify for this type of loan. To use personal loan proceeds for debt consolidation simply deposit the loan money into your bank account and write checks to your creditors, or ask the lender to disburse the money to your creditors for you.

3. Private Loans - Some people may be able to borrow from family or friends and arrange very individual terms. Borrowing from others in your personal life can be tricky business and it is advisable to make sure any arrangements are made in writing.

4. Debt Management Plans - Not everyone will qualify for a personal loan, and not everyone owns a house, or has someone in their personal life from whom they can borrow money for debt consolidation. For people in this situation there is another option available - a debt management plan through a credit counseling agency. Even if you have all of the previously mentioned options available to you it may be more advisable to seek out a debt management plan. Debt consolidation through a debt management plan involves having a credit counselor negotiate with your creditors for payments you can afford. You end up making one monthly payment to the credit counseling agency which then sends money to your various creditors.

Regardless of which type of debt consolidation plan you choose, be sure to check out potential lenders or your credit counseling agencies thoroughly. It is also strongly advised that you destroy paid off credit cards and formally close those accounts to avoid the temptation to charge them up again. When done carefully and with consideration, debt consolidation will ease your financial worries.

Timothy Gorman is a successful Webmaster and publisher of Debt-Relief-Solutions.com. He provides more debt relief, credit counseling, repair and free debt consolidation information that you can research in your pajamas on his website.


MORE RESOURCES:

Copywriting - Google News

This RSS feed URL is deprecated

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

Why South Korea's Biggest Auto Brand, Isn't Advertising Cars At Its ... - Forbes


Forbes

Why South Korea's Biggest Auto Brand, Isn't Advertising Cars At Its ...
Forbes
This year, consumers across South Korea (and parts of the U.S. and Europe) will finally be able to buy the Hyundai Nexo, the company's latest hydrogen fuel cell vehicle (FCEV) that also possesses some self-driving capabilities. But any of the Nexo's ...

and more »

The Wikipedia Test for Content Marketing - Business 2 Community


The Wikipedia Test for Content Marketing
Business 2 Community
Copywriters sometimes assume that customers already understand the product – but usually, they don't. Good content marketing educates the customer. To see the difference between “marketing fluff” and clear expository copywriting, compare a marketing ...

Geiger Marketing recognized - Lewiston Sun Journal


Lewiston Sun Journal

Geiger Marketing recognized
Lewiston Sun Journal
Geiger's marketing team, based in Lewiston, was presented with four Pyramid Awards at this year's Promotional Products Association International Expo in Las Vegas. The award-winning campaigns feature the effective use of promotional products, packaging ...

Build A Brand People Will Love With This One Trick - Forbes


Forbes

Build A Brand People Will Love With This One Trick
Forbes
To achieve this, according to copywriter Laura Belgray, you need to infuse your personality into your marketing. It's not enough to use traditional marketing to advertise your business. Don't expect your product to instantly draw undying interest and ...

Social Media Account Manager - Pedestrian TV


Pedestrian TV

Social Media Account Manager
Pedestrian TV
A boutique communications agency seeks a creative, enthusiastic and innovative professional to collaborate on social media campaigns and projects. This is a hybrid role providing hands-on experience and potential to grow with the business. We are ...

and more »

Copywriter - Pedestrian TV


Pedestrian TV

Copywriter
Pedestrian TV
A boutique communications agency seeks a copywriting professional with an interest in real estate, architecture and lifestyle content. This hybrid role includes preparing descriptive advertising copy for homes that will be sold by private sale and ...

Will Alexa be the saviour of the copywriting industry? - The Drum


The Drum

Will Alexa be the saviour of the copywriting industry?
The Drum
If that is really the case, it's going to be a boom time for experienced copywriters – a welcome development given the recent history of the industry. While the growth in content marketing created a greater demand for copywriters, the value of their ...

$600 Fraud? Fake ICO White Papers Are Drawing Scrutiny - CoinDesk


CoinDesk

$600 Fraud? Fake ICO White Papers Are Drawing Scrutiny
CoinDesk
Months after China's clampdown on initial coin offerings (ICOs), professional copywriters are still offering white paper services that may include fabricating information, reports suggest. The People's Bank of China notably banned domestic ICOs in ...

and more »

If you love words, you shouldn't hate a word count - The Drum


The Drum

If you love words, you shouldn't hate a word count
The Drum
Copywriters are no exception. Yes, a good portion of the day may be spent tossing out award-bait headlines from the languid sway of our office hammock. But the job isn't all inspiration naps and indoor smoking. Classified very much in the 'nuts and ...

LargeFriends.com - the best dating site for plus-sized singles!
SuccessfulMatchCentral.com - the best dating site for plus-sized singles!

PreLaunchX

PrimeNews Domain Is For Sale - $5,000 For Enquiries eMail Us

© www.PrimeNews.biz - 2012

home | site map | links