Books about consolidating debt
Also, shifting credit card balances to a home equity loan (and then locking the credit cards away so you don't use them again) could bump up your credit score, too.
If you own a home, a home equity loan could be another option for consolidating credit card debt.We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Todd has been helping buy side portfolio managers as an independent researcher for over a decade. Todd has provided insight to a variety of publications, including Smart Money, Barron's, and CNN/fn. why not try your lenders credit card debt forgiveness program and pay just pennies on the dollar.Drowning in debt Despite the post-recession economic recovery, Americans' debt picture hasn't improved all that much. Louis Federal Reserve Bank, Americans as of March owed 9 billion in revolving credit, such as credit cards.That's down from its peak, but up from the low of 4 billion in 2011 and much higher than the 2 billion Americans owed exiting 2000.
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Consolidating debt can be even more valuable if it frees up money for saving or investing for the long haul.