It can be hard to keep your head above water if you’re struggling financially, especially if you already have poor credit because of outstanding debts or an on-time payment history that’s less than ideal. But there are three credit solutions you can take advantage of to help you get out of your financial slump and start looking toward the future with hope again. Read on to find out what they are!
1: Consolidate Your Debt
If you’re carrying credit card debt from month to month, it might be time to consider consolidation. Credit card consolidation allows you to combine multiple cards into one low-interest loan. If you can consolidate high-interest balances, it could end up saving you a significant amount on interest over time. You must shop around for your consolidation loan and ensure that you’re getting the best possible deal for your situation. For example, some lenders offer special introductory rates or a fixed monthly payment plan. Be sure to do your research before taking out any loans!
Debt Free America – This is an online program that lets you consolidate all of your debts into one easy monthly payment. There are no upfront fees, but they will charge you 1% if you pay off early (otherwise there is no fee). They also have a 7-year repayment option so if things get tight in year 8, don’t worry! Just contact them and they will work with you to adjust your payments accordingly.
2: Look Into Balance Transfer Options
Debt Free America – This is an online program that lets you consolidate all of your debts into one easy monthly payment. There are no upfront fees, but they will charge you 1% if you pay off early (otherwise there is no fee). They also have a 7-year repayment option so if things get tight in year 8, don’t worry! Just contact them and they will work with you to adjust your payments accordingly.
3: Ask For A Raise
Here are three ways asking for a raise can help improve your financial situation:
1) It puts money in your pocket;
2) It helps build your confidence;
3) It sets an example for others around you.
