A debt avalanche is an accelerated debt repayment plan that's based on paying the loan with the highest interest rate first before moving on to the next-highest.
"Federal Trade Commission rules include an advance-fee ban," says Pack. "This rule prohibits a debt relief company from ...
Bankrate on MSN
Pros and cons of debt consolidation: Is it a good idea?
Key takeaways Debt consolidation can simplify your finances and potentially lower your interest rate. There may be upfront costs that can offset potential savings. People with good credit may qualify ...
Consolidating credit card debt with a personal loan means taking out a new personal loan, using the loan proceeds to pay off credit card balances and then paying off the new loan.
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