The recession was a wake-up call for many American spendthrifts with devil-may-care attitudes toward personal finance. After the pain of this lengthy and severe economic contraction, consumers have learned a few lessons they won’t soon forget. Here are the five take-home lessons from this historic recession.
The national debt of the United States has exceeded 11.6 trillion dollars. It is hard to comprehend that much money. With a little over 306 million people in the United States, it means that each individual’s share comes to more than $38,000.
There are a few surefire ways to tell when you need credit counseling. Once you get these down, you will be able to decide of you are in need of credit counseling.
While we traditionally think of age 65 as the time when we’re supposed to retire, the reality is quite different. In fact, most seniors have lost such a significant portion of their retirement savings that they aren’t even capable of looking into retirement any time soon. If you are preparing for retirement, make sure you’re planning for the future responsibly.
In the last several years, the average amount of student loan debt has continued to increase among recent graduates. With the nation’s poor economy and job market, the burden of student loan debt is only getting worse. Learn more about the problem and what graduates are doing about it here.
Debt Consolidation
Would you like to get out of debt faster? Debt consolidation is the answer!
If you're carrying so many debts that getting out of debt seems impossible, don't get discouraged. Managing multiple, high-interest debts can be costly and difficult. Remembering when to pay which creditor every month gets exhausting when you have more than a few debts. Not to mention how defeating it is to make payments every month only to continue wracking up charges from high interest rates. But there is a solution to help you pay off those debts faster. Debt consolidation can help make your finances manageable.
About Debt Consolidation
Debt consolidation involves working with all of your current creditors to expedite the repayment process and save on interest charges. The purpose of debt consolidation is twofold: first, debt consolidation gives you the convenience of being able to pay one creditor one payment per month instead of having to make payments on dozens of loans; second, debt consolidation saves you money by cutting the time it takes to pay off your debts. This not only saves you time, but also the money you would've spent on sky-high interest charges and late/missed payment fees.
Why Debt Consolidation?
Here are a few of the benefits of debt consolidation:
- Save on interest charges
- Gain peace of mind
- Avoid bankruptcy
- Change your payments
- Negotiate your total debt and interest rates
- Help rebuild your credit and financial situation
- Rapid approval with our secure application
- Expert advice on debt, loan, and bill consolidation and management
Check out the rest of our site for more information on what debt consolidation can do for you. We also have included a page with helpful get-out-of-debt tips. If you have questions, see our FAQ's page for the answers. Don't miss out on this opportunity to say goodbye to debt forever - apply for debt consolidation here!
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