Consumers are advised to research assistance options for bad credit debt as secured personal loans require some form of collateral, and if consumers are not careful with their repayment habits and budgeting, they can lose this collateral if they are unable to pay this consolidation loan. Example, some homeowners use their home mortgage as a […]
Don’t fall in to the same trap again. Use the money saved from the refinance to pay yourself to save an emergency fund and long term financial objectives like funding for education or retirement. Formulate an Income & Expenditure budgeting and sticking to it. Allocate your income to pay your bills, budget for groceries, petrol […]
What are some of the ways to consolidate one’s debt? 8 ideas: Credit card balance transfer Property – refinancing Personal loan from bank Policy loan Liquidate some investment assets Soft loan from family & friends Renegotiate the terms with your primary lender. Get help from a non profit Credit Counseling and Debt Management Agency (AKPK) […]
Case Study: First of all, you need to decide if debt consolidation is right for you. If you have more than two credit cards with high balances, are more than a month or two behind on any debt payment, or regularly bounce checks, you should consolidate debt to help improve your financial picture. The following […]
Debt Management Debt management is the process of monitoring, analyzing and adjusting your personal cash flow which take into account of your current debt, monthly income, and cost of living expenditures in order to generate a realistic, long-term repayment plan. Debt management plans also involve working with creditors to find the best solution possible. This […]
