If you are burdened with debt, here are six ways by which you can get out of debt fast.
Month: January 2011
Payday loans are approved almost instantaneously. However, the loan amounts are small and they attract a very high rate of interest. So, payday loan debt swells very quickly and hence a lot of people feel the need to go for payday loan debt consolidation.
Consumer debt consolidation comes with its advantages and disadvantages and one must be completely aware of these before taking the plunge.
Low interest debt consolidation is favored because you have to pay less every month and you have enough money to live a moderately decent life. There are certain criteria that you need to fulfill to be eligible for a low interest debt consolidation loan.
Debt consolidation rates are the most important consideration when you are looking to consolidate your debts. In any case, if the debt consolidation loan rates are not lesser than the net effective rate across your current debts… then the debt consolidation loan will not make much sense.
To bring a control over unscrupulous practices, the Federal Trade Commission (FTC) has passed a new set of rules that will safeguard the consumers from being a victim of the scam debt settlement companies and help them differentiate between the good ones and the bad ones.