Debt consolidation is a debt management strategy that allows you to combine multiple debts into a single account. One of the most common ways to consolidate debt is to through a debt consolidation loan — a personal loan used to pay off multiple creditors. Debt consolidation loans can make it easier for you to get … Read more
The Debt Consolidation Calculator can determine whether it is financially rewarding to consolidate debts by comparing the APR (Annual Percentage Rate) of the combined debts with that of the consolidation loan. APR is the fee-adjusted financial cost of a loan, providing a more accurate basis for loan comparisons. The calculated results will also display comparisons … Read more
We all know how difficult and strenuous it can be to guide customers through your sales funnel. It can feel never-ending to find qualified leads. Once you find these leads, a portion of them always drops out of the funnel along the way. Wouldn’t it be amazing to see what they were thinking? This is … Read more
Debt consolidation through a refinanced mortgage is an attractive and beneficial way to pay off loans and eliminate high-interest debt. The prime factor for qualifying for debt consolidation refinancing is based on the equity in your home – which is the appraised value of your home less what you owe on the mortgage. A debt … Read more
At Liberty, we know that life doesn’t always go according to plan. If you have lost your job, your income has reduced, you’ve suffered an illness or injury, or you’ve been affected by a natural disaster like a bushfire, flood or COVID-19, support is available. The financial wellbeing of our customers is our top priority. … Read more
Americans are drowning in credit card debt, with an average credit card balance of $5,315, according to findings from Experian. The average credit utilization (the percentage of credit a consumer uses of the total credit available to them) was 25.3% in 2020, the lowest level in a decade. If you rely on credit cards to … Read more
Charleston Internet Resources for Low-Income Families Many people take the internet for granted, but many households across the United States still lack a broadband connection. Low-income families in Charleston are particularly hit by this digital divide, especially now that many services are only available online. We assembled the following list of resources to help you … Read more
If you have not made payments on a loan or credit card balance for more than 180 days, the lender may decide to “write-off” the charge. The lender then marks this on your credit report as “Written off.” This is only an accounting process and does not let you off the hook from repaying the … Read more
When you finally give up on collecting a debt (usually it’ll be in the form of a receivable account) and decide to remove it from your company’s accounts, you need to do so by recording an expense. We call this a bad debts expense. Here, we’ll go over exactly what bad debt expenses are, where … Read more
Debt Settlement – How the Debt Settlement Procedure Works A lot of honest, upstanding people are facing difficult financial situations in the current economy. Bankruptcy is a solution that works for some, but it is not the right solution for everyone seeking a way out of overwhelming debt. Paying off existing accounts – even without … Read more