Consolidating debt options

Most will give you a rate without a “hard inquiry” on your credit, unlike many banks and credit unions.

For online lenders, the lowest rates go to those with the best credit; rates top out at 36%.

401(k) loans typically are due in five years, unless you lose your job or quit, in which case they’re due in 60 days.

Some also send money directly to your creditors, increasing the odds of successful debt consolidation.

Minimum monthly payments aren’t doing the trick to help nix your debt.

Something has to change, and you’re considering debt consolidation because of the allure of one easy payment and the promise of lower interest rates.

The truth is debt consolidation loans and debt settlement companies don’t help you slay mammoth amounts of debt.

In fact, you end up paying more and staying in debt longer because of so-called consolidation.

Search for consolidating debt options:

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That’s why dishonest companies that promote too-good-to-be-true debt relief programs continue to rank as the top consumer complaint received by the Federal Trade Commission.

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