Facts about debt consolidation

Fact no. 1: You don't need a loan [The Penny Hoarder Daily]( [Blank Slate: Start over with debt consolidation]( [Blank Slate]( [How debt consolidation works]( It gets messy when you spread your credit card debt across a few different accounts. You could start fresh and save money by consolidating those debts into one balance. In researching our June [mid-year financial review]( we found that a debt consolidation loan can often cut your interest rate in half or more, which could save you thousands in the long run. Not into borrowing more? We get it — we also found a few other ways [you can consolidate your debt without a loan](.   [7 Resources To Escape Debt You’ve Never Heard Of]( According to recent statistics, there’s a 50% chance you have credit card debt. And as you probably know by now (because we keep harping on it), if you don’t pay it off every month, you’re draining your bank account with painfully high interest payments. Here are seven more resources to help you [break your debt instead of the bank](. [Escape Debt](   [Push Your Credit Score Above 800]( [Push Your Credit Score Above 800]( A great credit score opens the door to better interest rates, but 800 can feel out of reach! So we took a close look at the behavior of people with credit scores of 800 or better to learn what they're doing right. These are the nine habits you want to adopt now to [drive your credit score into the top echelon](.   [More Than $25K in Debt?]( Has your mid-year financial review revealed you're overburdened with debt? That debt could be hurting your credit score. We'll tell you how you can tackle it, even if you owe thousands. We're willing to bet [you're paying too much interest](. [From our friends at CableTV.com: Get paid $2,500 to watch 5 movies at the theater]( [Should You Be Worried About Inflation?]( Inflation keeps interest rates high, so it's a terrible time to carry credit card debt. If your credit score is at least 620, and you want to go the consolidation route, we found a company that can help you [borrow up to $100,000 to wipe out your credit card debt](. We'll keep saying it until we're blue in the face and you're green in the wallet — you can save thousands over time by locking in lower interest rates now.   [Need a Debt Payoff Strategy?]( Maybe you don't need a loan, maybe you just need a money buddy or a side gig to get your debt squared away. If your debt is still manageably small, one of these five debt-payoff methods could [work for you](.   [We'll Text You More Money Tips]( Some of the links in this post are from our sponsors. We provide you with accurate, reliable information. [Learn more]( about how we make money and select our advertising partners. We’re letting you know because it’s what Honest Abe would do. After all, he is on our favorite coin. © 2024 The Penny Hoarder. All rights reserved. 490 1st Ave S. Suite 800 | Saint Petersburg, FL 33701 | U.S. [View in browser]( [Mailing preferences]( | [Unsubscribe]( | [Privacy Policy](