Monthly Archives: July 2018

Top Advantages of Debt Consolidation – Why you should consider it

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Are you looking for the best solution to avoid your increasing debts? Debt consolidation is the best solution for you that will help you to pay off all your pending debts in one go. Debt Consolidation provides you the best solution of combining multiple outstanding loans into a single payment with a lower interest rate. If people qualify for debt consolidation then there are several advantages of debt consolidation that can be availed to pay off your debt. One of the best bankruptcy and debt relief lawyer Brian Linnekens shares top advantages of debt consolidation.

Low Interest rates –

Debt consolidation programs can help you to save you a lot of money. Many people have several credit cards, credit accounts and they have pay a big amount of interest rate compared to other interest rates in the market. After using debt consolidation you will be able to get low interest rates and lower fees and you need not pay extra money on every credit card and loan you have used. Debt consolidation will help you to pay off all your pending debts in the form of monthly payments, which will help you to save you a lot of money.

Single monthly payment –

When you are using debt consolidation, you don’t have to worry about paying off your multiple payments to individual creditors at different rates of interest. Because debt consolidation program helps you to make a single monthly payment towards your bills and debts. The Debt Consolidation Company will distribute your money to all your creditors. Also your monthly payment will be much smaller because you have a longer time to pay off your loan.

Improve your credit score –

This is the biggest benefit of debt consolidation plan because your late payments, defaults, skip payments have a negative impact on your credit score. By using debt consolidation loan program you pay your debts properly and when you pay all your accounts properly then it will help you to rebuild your credit again.

Reduce your Stress –

Debts are the biggest and common reason of increasing stress. But after using debt consolidation plan you don’t have to worry about your debt, because debt consolidation will help you to stop worrying about your debt. The debt consolidation will help you pay off your debt timely and properly with your monthly payments. Good thing of debt consolidation is it will help you to decrease your debt stress.

Stop Creditors calls and massages –

When you are not paying your bills and loans timely at that time your creditor’s calls and messages can hurt your peace of mind. After getting a debt consolidation loan program you don’t have to worry about creditor’s calls and messages any more. Debt consolidation will help you to pay off your all outstanding balances and stop creditor’s calls and messages.

No worries about late and penalty fees –

When you are getting loans and credit cards, there are lots of things you need to remember. First pay bills and installments timely, if you are not paying timely you have to worry about late charges, penalty, and accrued interest since it piles up with time. But when you are in a debt consolidation program, you need not worry about these late fees and penalty fees. You have to make a single monthly payment only.

Six ways to improve your credit score real quick

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If you find that your credit card and loans are not getting approved then you need to make sure that you improve your credit score if the reason for rejection is a low credit score. Credit score is the first thing that is checked when a financial institution approves a loan for a new car, land, new home or even a personal loan. In case you want to improve your credit score, it is not going to happen overnight. Improving the credit score is a long process which involves a lot of smart work from your end. Experienced Bankruptcy and Debt Relief Lawyer Mr. Brian Linnekens share some important tips which will help you to improve your credit score quickly and start afresh in terms of your credit health.

Study your dispute errors–

When you start working to improve your credit score, your first step is to study your dispute credit errors. You need to ask for a copy of your credit report from credit bureaus, be sure to look it over for errors. After knowing your credit errors you need to clear them. Seek help from professionals who will work with you on your dispute and help you correct the errors on your credit report.

Credit score generally look like this:

Excellent Credit Score – 750+
Good Credit Score – 700-749
Fair Credit Score – 650-699
Poor Credit Score – 600-649
Bad Credit Score – below 600

Don’t close your old credit accounts –

It is important to know, don’t close your old credit accounts even if you don’t use them anymore. If you already have credit cards, it will help you to improve your credit score. Try to pay your debts so that your score can be improved.

Get a new credit card –

If you want an improvement in your credit score try and get a new credit card. After getting a new card, if you are planning for a major purchase with your card go for it however make sure that you pay your bills on time. If you pay your bills and loan timely it will help you to increase your credit score.

Don’t make old mistakes and pay bills on time –

Do not make the same mistakes when you start new. Try not to be days past due the due date of clearing your credit card, loan or mortgage installment. Your small mistakes can damage your credit and hurt your credit score. So it is important to pay your loans and bills timely.

Contact an experienced Debt Relief Lawyer –

If you’re trying everything to improve your credit score but you still are not able to improve and you don’t know the way to improve your credit score then you need to consider consulting an experienced debt relief lawyer. A debt relief lawyer will provide you the best advice which is will help you improve your credit score.

Make a plan to improve your credit score –

Planning to do anything is pertinent. You need to plan to improve your credit score. To improve your credit score make a plan, ideally after consulting your debt relief attorney. Your pan needs to involve paying your debts and not closing your unused credit cards because this is a quick fix strategy to improve your credit score.