Welcome to Debt and Credit Resources at moneyanswers.com. One of the most trying times of people's lives is when they are faced with debt that they cannot manage or having insufficient credit to buy the things they need. Jordan lays out a lot of great resources in this section to help you find the relief you need to get back on track. If you can't find the answers you seek to your debt & credit questions here, please send Jordan your question by going to the contact page and sending a detailed question.
If you need a loan quickly without going through the complex and time-consuming loan application process at a bank, you might consider borrowing against the value of your valuables. By turning in such assets as cars, jewelry, watches, gold and other precious metals, fine art and antiques, luxury handbags and fine wine, you get a fixed interest rate loan within 24 hours with no credit check. There is no prepayment penalty so you can pay the loan off and get your possessions returned whenever you like. If you default, the lender keeps your asset and you are not personally liable and it does not affect your credit score.
Every business has a credit score tracked by Dun and Bradstreet and you, the business owner, must make sure that this score is as accurate as possible for you to be able to qualify for the best credit terms and the best interest rates. It can be difficult and time-consuming for you to correct errors on your business credit report, which is why it will be helpful for you to use Better Qualified to take on this task. They will evaluate your business credit report and score and take whatever steps are necessary to correct errors and boost your D& B score.
Resource: Better Qualified Business Credit Enhancement Service
If you have a car payment that is more than you can afford and you may be in danger of defaulting on your car loan and losing the car to repossession, you should look into refinancing your car loan to a lower payment and interest rate. At the website link listed below, you enter the numbers for your existing car loan such as your current interest rate, the amount of the loan balance remaining, and the number of months remaining, your monthly payment and the range of your credit score. Then the site will give you various options to change the maturity of the loan to reduce the monthly payment to a more affordable level. Once you have picked a monthly payment you can afford, you submit your application which goes to several credit unions who compete for your loan. You complete the entire car refinancing process online.
Resource: My Loan Gen
America's Money Answers Man Jordan Goodman talks about getting your credit back to where it should be by monitoring and managing negative items that may be unjustly counting against you on your credit report. He recommends a company called Riverwalk Credit Solutions to help you correct inaccurate credit items and get your score as high as possible.
Resource: Riverwalk Credit Solutions
Jordan Goodman explains how to consolidate numerous credit cards and other unsecured debt into one payment at a lower interest rate. This enables you to pay off your debts years sooner than would otherwise be possible using a reputable non-profit credit counseling organization.
Resource: Cambridge Credit Counseling
View credit card ratings and compare offers. GuideToCreditCard experts compare the best cards for any credit score; rewards, low APR, transfer, student and business cards.
Resource: Finding the Best Credit Card
You may not realize that you can refinance your outstanding federal and private student loans into a new loan at a much lower rate than you are paying now. To find out what terms are available, contact Credible at 855-870-6005 or go to www.credible.com/moneyanswers. In 90 seconds, you can receive personalized quotes for interest rates from up to 7 vetted lenders without affecting your credit score or sharing any personal information with lenders. Once you have found a deal that appeals to you, you proceed with the loan application and give your personal information to apply for the loan. If you identify that you found out about Credible from MoneyAnswers.com, you can save $200 off your first loan payment. By consolidating many federal and private loans at higher interest rates into one new loan at a lower rate, you can make your life easier and pay your student loans off much faster and save thousands of dollars in needless interest expense.
Jordan Goodman explains how your small business can get a handle on its debts. Your business can end up paying pennies on the dollar to your creditors, allowing you to get back on your feet and thrive.
Resource: Corporate Turnaround
Jordan on Fox News discussing the deficit and how you can pay off your mortgage in 5 to 7 years instead of 30 years by using a strategy called Mortgage Equity Optimization. You can find out more about it by clicking here.
Jordan discusses low mortgage rates & higher bank fees on the View. Find out more about Mortgages and Mortgage Equity Optimization and how to save on credit card fees.