How to consolidate debt with bad credit

Consolidation of debt can vary from individual to individual, depending upon needs and financial circumstances. When you have balances due on several of your credit cards, paying everything off could be a huge task. It would most likely be difficult to make progress in your future financial decisions, knowing that you have several other loans to pay off.  A suitable debt consolidation would be the perfect answer for you. However, before taking the plunge, you need to understand what works best for you. National Debt Relief can help you out if you need any help with any of the below. Although research is important, a good debt consolidation program should include a few or all of these features – Low to no fees Free consultation Less impact on your credit score Financial peace of mind The possibility of paying off all your debts in 3 to 5 years The 4 ways to Consolidate your Debt Borrowing funds from family or friends This is one of the most suitable and effective … [Read more...] about 4 Different ways to Consolidate your Debts

If you have a few We’ve written in the past about AwardWallet, one of the first apps that allowed you to track your miles and points. But that app has become clunky and struggles to connect with some card issuers. Advertisement But do not despair! We’ve found MaxRewards Once you connect your credit cards to MaxRewards (which supports more than 70% of cards at this time, according to the company), you’ll be able to see which card earns you the best rewards at locations near you. If you don’t see a location on the map, you can search a business by name. Advertisement For instance, I live around the block from a gas station that has a convenience store. I would have assumed it didn’t matter which card I used at the convenience store, since I don’t have a card that gives me points for filling up at gas stations. But that convenience store is actually categorized as an eatery, which means I can get 3x “dining” points with my … [Read more...] about The Best Apps for Tracking Your Credit Card Rewards

Government welfare reforms are fuelling a rise in homelessness in towns and cities across the country, an Observer investigation has found. Interviews with homelessness charities across England reveal a support system in crisis as the rollout of universal credit and freezes to local housing allowance rates put even basic accommodation beyond the means of many. One shelter said universal credit was a factor in a third of its clients ending up in its care. The findings put more pressure on the chancellor, Philip Hammond, as he prepares to unveil Monday’s budget. On Saturday night, Tory and DUP rebels threatening to force the government into a rethink over universal credit claimed that they had secured a £1bn injection for the programme. Last week, the Commons public accounts committee said universal credit was responsible for increased debt, rent arrears and food bank use. But it has also emerged that it is a significant contributor to both “invisible” homelessness … [Read more...] about Revealed: How universal credit is fuelling Britain’s homelessness crisis

Families are racking up billions of pounds of extra debt from car finance deals, credit card spending and student loans as consumer lending surges. The average household added £500 to its financial debts – which exclude mortgages – in the two years to March 2018, for a total burden of £4,500 each. In total, Britons owe £107bn, up 11pc. A surge in the popularity of so-called personal contract purchase (PCP) car loans is partly responsible for the rise. Overall hire purchase debt including PCPs climbed  to £25bn according to the Office for National Statistics – up 30pc or £6bn compared to the previous period of 2014 to 2016. An extra 708,000 households took on this debt, with 4.6 million now using... … [Read more...] about Debt surges as families rack up hire purchase and student loans

Your credit score is more than just a number. Here's how you can read and understand its importance.The financial era that we live in today is distinctly different from what the landscape used to be at least a couple of decades back. Today, there is increased usage of credit and the younger generation is much more comfortable using credit as compared to their parents. Also the intense competition among banks has led to rampant advertising that leads youngsters to believe that credit is just an arm's length away. What they don't tell you though, is that, while credit may be easily available, your CIBIL score is of primary importance right from the very beginning. Every time you apply for a loan or a credit card, the concerned lender is going to be looking at your CIBIL score, and if it is not above the level of 750 (out of 900), your loan or credit application may even get rejected. So if you have just stepped into adulthood and are eager to access credit, here are some tips that will … [Read more...] about 7 steps to understand your credit score