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If you’re trying to manage bills that are piling up, you may have come across the idea to consolidate them. Consolidating your debts can be convenient, allowing you to make one monthly payment. It can also allow you to swap high-interest debt for low-interest debt. However, it has drawbacks and is not right for everyone. Here are some bill consolidation strategies to keep in mind as you make a plan for paying off your debt.
If you are considering filing for bankruptcy, you need to know about an important requirement: credit counseling. It may not be the first thing that comes to mind when you think about bankruptcy, but it is an important step in the process. In this post, we will take a closer look at the requirement, how to satisfy it, and other considerations to keep in mind.
Creditors or collectors are not allowed to report inaccurate information to your credit reports, and under the Fair Credit Reporting Act, you have a right to have it removed. To do so, you can start a dispute with each one of the credit bureaus, Equifax, Experian, and TransUnion. Your first step is to get copies of your credit reports to submit as part of your dispute process. You can get free copies of your credit reports once every 12 months at Annualcreditreport.com or request them from the credit bureaus for a fee.
Amanda Williams, who writes the blog “Debt Free in Sunny CA,” and her husband, Josh, are now redirecting money to their new bundle of joy.
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Lawmakers on Capitol Hill are coming closer to an agreement about new stimulus checks, although who will get them, and when, is still being debated. Democrats and Republicans have both called for $1,200 payments in their legislative proposals, but for millions of Americans that may not be enough.
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