credit card – B Through Z http://bthroughz.com/ Mon, 18 Apr 2022 06:50:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://bthroughz.com/wp-content/uploads/2021/08/icon-23-150x150.png credit card – B Through Z http://bthroughz.com/ 32 32 Bronco Partners Debt Consolidation Scam 2022 https://bthroughz.com/bronco-partners-debt-consolidation-scam-2022/ Tue, 15 Mar 2022 00:02:07 +0000 https://bthroughz.com/bronco-partners-debt-consolidation-scam-2022/ Ad Disclosure: We earn referral fees from advertisers. Learn more Is BroncoPartners a scam? We will let you be the judge. Bronco Partners entices you by sending you a direct mail with a “personalized invite code” and a low interest rate of 3% to 4% to consolidate your high interest credit card debt. You will […]]]>

Ad Disclosure: We earn referral fees from advertisers. Learn more

Is BroncoPartners a scam? We will let you be the judge.

Bronco Partners entices you by sending you a direct mail with a “personalized invite code” and a low interest rate of 3% to 4% to consolidate your high interest credit card debt. You will be directed to BroncoFunding.com or myBroncoPartners.com. More than likely, you will not qualify for one of their debt relief loans and they will try to switch you to a more expensive debt settlement product.

  • have you been “pre-approved” for a $70,000 loan?
  • Have you been told that your interest rate will drop from 19.90% to 3.15%?
  • Were you promised that your monthly payment would go from $1,320 to $323.40?
  • Have you been sold a monthly savings of $996.60?
  • Did you receive a letter in your mailbox from the Loan Acceptance Department?
  • Did your letter look like this?
Bronco Partners Debt Consolidation Scam 2022 1

It’s not new. Many unscrupulous debt marketing companies have used this as a business model for years. They lure you in with the low interest rate, shackle you for a week, then let you know you don’t qualify for a loan. They then offer you very expensive debt settlement options.

Bronco Partners BBB
Editorial credit: Kate Kultsevych

Is Broncos The partners Legit or a scam?

Crixeo.com rewarded Broncos The partners a 1-star rating (data collected and updated as of February 19, 2021). We hope the information below will help you make an informed decision on whether to do business with Knights Funding. We hope the information below will help you make an informed decision on whether to do business with Knights Funding.

  • Broncos The partners operates two websites, BroncosThe partners.com & myBroncos The partners.com.
  • Broncos The partners is part of a collection of almost 50 websites that we discovered. All are affiliated and listed below.
  • Our belief is that Broncos The partners operates so many different websites in order to escape the huge amount of complaints and negative articles on the internet.
  • We advise caution when working with Broncos The partners. Affiliate websites have several negative reviews and scam complaints.
  • Broncos The partners operates under the sovereign protection of the Mandan, Hidatsa and Arikara Nation (a/k/ MHA Nation), a Native American tribe.

Broncos The partners may be affiliated with the following websites:

  • Hawkeye Associates
  • Brice Capital
  • Capital of the Bruins
  • Loan Dale
  • Yellowhammer Associates
  • Big Apple Associates
  • Cornhusker Advisors
  • badger advisors
  • Rockville Advisors
  • Snowbird Partners
  • Gulf Street Advisors
  • Partners earlier
  • Old Dominion Associates
  • Harrison Funding
  • Johnson Funding
  • Taft Financial
  • Georgetown Funding
  • Memphis Associates
  • Tate Advisors
  • Patriot Funding
  • Malloy Loan
  • Plymouth Associates
  • Silvertail Associates
  • Safe Path Advisors
  • Coral Funding
  • neon funding
  • Cobalt Advisors
  • Saxton Associates
  • Hornet Partners
  • Colony Associates
  • First State Associates
  • Polk Partners
  • Ladder Advisors
  • Corey Advisors
  • Pennon Partners
  • Jayhawk Advisors
  • Clay Advisors
  • Great Lakes Associates
  • Pin Advisors
  • Alamo Associates
  • punch partners
  • Partners of the Montagne Blanche
  • Steele Advisors
  • Grand Canyon Advisors
  • glider loan
  • lucky marketing
  • Golden State Partners
  • Pin Advisors
  • Derby Advisors
  • Graylock Advisors
  • Tuck Associates
  • punch partners
  • Bowling Associates
  • Ballast Associates
  • Tweed Loan
  • loan contest
  • Graphite Financing
  • August Funding
  • Broadstar Financial
  • Salvation Funding
  • Stallion loan
  • Pebblestone Financial
  • Sussex funding
  • Lafayette financing
  • Funding for guardian angels
  • Bridgeline financing

Broncos The partners Reviews and ratings

Broncos The partners and its affiliate websites are not accredited by the BBB and have been the subject of numerous complaints and negative press under various names.

MEC Distribution LLC

At one point, Broncos The partners and its affiliate website operating as MEC Distribution, LLC. The Better Business Bureau issued its first alert on this company in February 2018:

In February 2018, BBB staff visited Fargo ND addresses provided by MEC Distribution and found that all locations were vacant and building management explained that although rent was paid by MEC Distribution, the spaces in office were not used. MEC Distribution LLC has provided BBB with a mailing address for complaint handling in Bloomfield Township Michigan. BBB’s mail to this address was returned as “undeliverable as addressed – undeliverable”. Currently, BBB does not have a physical location for this business.

BBB has confirmed with the North Dakota Department of Financial Institutions that Lafayette Funding is not licensed in North Dakota as a debt settlement company. Additionally, BBB contacted building management at the Lafayette Funding Claims address in Bismarck, ND, and learned that Lafayette is not located at that address. BBB advises extreme caution when dealing with this entity.

In February 2018, BBB staff visited the Fargo ND addresses provided by MEC Distribution and found that all locations were vacant and building management explained that although rent was paid by MEC Distribution, the spaces of office were not used. MEC Distribution LLC has provided BBB with a mailing address for complaint handling in Bloomfield Township Michigan. BBB’s mail to this address was returned as “undeliverable as addressed – undeliverable”. Currently, BBB does not have a physical location for this business.

HaFinancing of the Knights BBB Reviews

You won’t find a BBB file on Financing of the Knights because the complaints haven’t started coming in yet. However, we have reviewed some complaints from its affiliate websites:

Cathy M. – 1 star review

They changed their name to Salvation Funding. After seeing this note, I understand why. I don’t know how they got my information, but they need to be stopped.

Terry W. – 1 star review

Beware of bait and switch shippers. The terms are “extremely different” from those advertised! It’s a waste of time.

My goal is to help others realize that it’s a waste of time! Pebblestone Financial’s advertisement is definitely misleading in my opinion. After my conversation with Fred, his response was, “we can definitely help you…I’ll call you tomorrow morning with the details…have a pen and paper ready to write down the numbers.” The sender includes in fine print… This review is not guaranteed if you do not meet the selected criteria.

It also further states: “This review is based on information in your credit file indicating that you meet certain criteria.” In my case, I’m not behind on payments, and neither will I be. I am current on all outstanding debts and my credit history demonstrates it. When Fred called the next morning… his terms were totally ridiculous and, in my opinion, “predatory loans”. When I asked Fred…are those the terms of Pebblestone’s offer, he said yes. I replied, I’m not interested in those terms and he hung up the phone immediately with no further conversation.

The reason I responded to Pebblestone Financial’s offer was to consolidate and simplify with one payment and take advantage of the low pre-approved average rate of 3.67%. While I currently pay between 10.9% and 12.9% to credit card companies…this offer was attractive. The sender stated in BIG BOLD PRINT: You have been pre-approved for a debt consolidation loan with a rate as low as 3.67%. The pre-approved loan amount was actually $11,500 more than my total debt consolidation.

In summary… it’s definitely a “Bait and Switch” scheme in my opinion. I checked BBB feedback before responding to this offer and have not seen any negative feedback. Now I see other very similar answers with the same “Bait and Switch” experience. Hope this helps others avoid wasting time finding out about these unethical practices of Pebblestone Financial.

The Rent-A-Tribe Program

In recent years, hiding behind the protection of a Native American tribe has been made popular by internet payday lenders. In July 2018 Charles Hallinan, “the payday loan godfather”, was sentenced to 14 years in prison for providing payday loans through the Mowachaht/Muchalaht First Nation in British Columbia. In January 2018, Scott Tucker was sentenced to more than 16 years in prison for running an illegal $3.5 billion payday loan business while operating under “sovereign immunity” from the Modoc tribe of the United States. Oklahoma and the Santee Sioux Tribe of Nebraska.

Why do we focus on Broncos The partnersThe negative reviews?

We urge you to do your own research and due diligence on Broncos The partnersespecially when it comes to your Personal finance. We urge you to be careful what you find on the Internet. Compare the good and the bad and make an informed decision. In our experience, where there is smoke…there is fire. But you make the call.

Knights Funding Review

Bronco Partner Review – Caution Notice

Bronco Partners attracts you by sending you a direct mail with a “personalized reservation code” and a low interest rate of 3% to 4% to consolidate your high interest credit card debt. You will be directed to KnightsFunding.com or myKnightsFunding.com. More than likely, you will not qualify for one of their debt relief loans and they will try to switch you to a more expensive debt settlement product.

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Will a debt consolidation loan affect my credit rating? https://bthroughz.com/will-a-debt-consolidation-loan-affect-my-credit-rating/ Tue, 08 Mar 2022 18:09:05 +0000 https://bthroughz.com/will-a-debt-consolidation-loan-affect-my-credit-rating/ Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own. (The Credible Money Coach explains the possible […]]]>

Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own.

(The Credible Money Coach explains the possible credit impact of a debt consolidation loan.)

Dear Credible Money Coach,

Is it true that when you take out a debt consolidation loan, it hurts your credit? —Twila

Hello Twila and thank you for your question. Debt consolidation affects your credit differently depending on how you structure it and manage loan repayments. This can be a smart way to manage multiple high interest debts without hurting your finances.

If you’re considering a personal loan for debt consolidation, compare rates from multiple lenders to get the best deal. Credible, it’s easy to view your prequalified personal loan rates in minutes.

Why do people consolidate their debts?

When you consolidate debt, you open a new credit account, such as a personal loan, credit card, or home equity loan, to repay several existing debts. This leaves you with one payment instead of multiple accounts to manage.

If you have good credit, you may be able to get an interest rate that’s lower than the combined effective rate you’re paying on multiple debts. This saves money in the long run.

Ways to consolidate debt

There are several options for consolidating debt, including:

Each of these options has advantages and disadvantages. For example, personal loan interest rates are generally lower than credit card rates. But if you continue to incur credit card charges, you could go into more debt.

Doing a 0% balance transfer could save you interest for 12 months or more. But if you don’t repay the entire balance before the end of the promotional period, the interest rate could increase significantly.

If you sign up for a debt management plan with a credit counselor, they can negotiate with your creditors to pay less than you owe, lower your interest rate, or extend your repayment period. But if you can’t repay a debt management plan as agreed, your credit may suffer.

Risks of a debt consolidation loan

A debt consolidation loan can lower your credit scores in the short term. This is because new credit applications cause your scores to drop. And if you use the loan to pay off a credit card and then close it, you reduce your total available credit, which leads to lower credit scores. (It’s best to keep a paid credit card open so you have more credit available in your name.)

However, if you make your new loan payments on time each month, your credit should recover fairly quickly from the slight hit it took when you opened the loan.

Should you get a debt consolidation loan?

A debt consolidation loan is not for everyone. I advise you to think twice before emptying a retirement account to pay off debt or putting your home at risk with a home equity loan or line of credit.

And if bad spending habits are causing your debt, working with a qualified credit counselor to improve your financial habits may be more helpful than lowering your interest rate with a debt consolidation loan.

If you decide a personal loan is right for you, Credible can help. compare personal loan rates from multiple lenders without hurting your credit.

Ready to know more? Check out these articles…

Need Credible® advice for a money-related question? Email our credible financial coaches at moneyexpert@credible.com. A Money Coach could answer your question in a future column.

This article is intended for general informational and entertainment purposes. Use of this site does not create a professional-client relationship. Any information found on or derived from this website should not replace and should not be taken as legal, tax, real estate, financial, risk management or other professional advice. If you require such advice, please consult a licensed or competent professional before taking any action.

______

About the Author: Laura Adams is a personal finance and small business expert, award-winning author and host of silver girl, a weekly audio podcast and top notch blog. She is frequently quoted in the national media and millions of readers and listeners benefit from her practical financial advice. Laura’s mission is to empower consumers to live richer lives through her work as a speaker, spokesperson and advocate. She earned an MBA from the University of Florida and lives in Vero Beach, Florida. Follow her on LauraDAdams.com, instagram, Facebook, Twitterand LinkedIn.

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Looking for credit card relief? Don’t Believe These Debt Consolidation Myths https://bthroughz.com/looking-for-credit-card-relief-dont-believe-these-debt-consolidation-myths/ Tue, 08 Mar 2022 16:39:00 +0000 https://bthroughz.com/looking-for-credit-card-relief-dont-believe-these-debt-consolidation-myths/ PHOENIX–(BUSINESS WIRE)–As Americans’ credit card debt levels rise, 29% of them are facing problems with their liabilities, according to New York Life. This means that millions of people may need solutions such as debt consolidation, but may find information about the process confusing or misleading. “Debt consolidation offers a way to combine multiple debts into […]]]>

PHOENIX–(BUSINESS WIRE)–As Americans’ credit card debt levels rise, 29% of them are facing problems with their liabilities, according to New York Life. This means that millions of people may need solutions such as debt consolidation, but may find information about the process confusing or misleading.

“Debt consolidation offers a way to combine multiple debts into one payment to provide a streamlined way to repay. It’s often a great solution for people overwhelmed by multiple bills looking to regain control of their money,” said Michael Sullivan, personal financial consultant at Take Charge America, a non-profit housing and credit counseling agency. “But like other forms of debt relief, it can be difficult to separate truth from fiction.”

Sullivan busts five common debt consolidation myths:

  • You cannot pursue the consolidation yourself. False. Despite what you may hear elsewhere, debt consolidation is a process that you can initiate yourself. Consolidation can take many forms, including a debt management plan, balance transfer credit cards, and personal loans. Research the different solutions to determine which works best for you. A non-profit credit counseling session can also offer an unbiased assessment of your unique situation.
  • Consolidation eliminates your debt. False. Although consolidation is a great way to control your debt by combining multiple debts into one payment, you still have to pay off the balance. Consolidation is not forgiveness.
  • You must have good credit to pursue debt consolidation. Mostly false. When applying for a consolidation loan, good credit can help you get better terms and a lower interest rate. If you explore a debt management planyour credit score is not a factor in qualifying for the plan or obtaining lower interest rates.
  • You always save on interest. False. You can save on interest, depending on the terms of your consolidation loan. But even with a lower interest rate, you might end up paying more interest over the life of the loan if you extend the repayment period.
  • Consolidation traps you in a cycle of debt. False. Like other debt relief options, consolidation is a tool to help you regain control of your financial situation. It doesn’t solve the underlying problem, which is often overspending and mismanagement of money. If you don’t solve these problems yourself, you can easily get into debt.

To learn more about debt consolidation or other debt relief options, visit take over america.

About Take Charge America, Inc.

Founded in 1987, Take Charge America, Inc. is a non-profit agency providing financial education and counseling services, including credit counseling, debt management, student loan counseling, housing advice and bankruptcy advice. He has helped over 2 million consumers nationwide manage their personal finances and debts. To learn more, visit takechargeamerica.org or call (888) 822-9193.

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Helping Texans With Unbearable Credit Card Debt https://bthroughz.com/helping-texans-with-unbearable-credit-card-debt/ Wed, 02 Mar 2022 15:16:02 +0000 https://bthroughz.com/helping-texans-with-unbearable-credit-card-debt/ Many Texans are on the verge of deciding whether to pay their living expenses or their credit card payments. Putting food on the table, keeping the lights on, and especially here in Texas, keeping the air conditioning on during the humid summer months take priority. But what are the options available for resolving debt without […]]]>

Many Texans are on the verge of deciding whether to pay their living expenses or their credit card payments. Putting food on the table, keeping the lights on, and especially here in Texas, keeping the air conditioning on during the humid summer months take priority. But what are the options available for resolving debt without declaring bankruptcy?

Debt consolidation usually involves taking out a new loan and paying off existing loans, such as credit cards. But if you’re having trouble making your payments or have fallen behind on your payments, a debt consolidation loan probably isn’t an option. Another way to consolidate debt is through a credit counseling debt management plan. Rather than using a new loan, the credit counselor will lower your current credit card interest rates and distribute your one-time monthly payment to your creditors. You will no longer be able to make any further charges on your listed debt.

A much more aggressive program is sometimes considered a form of debt consolidation because you only make one program payment, but your creditors do not receive normal monthly payments, nor do you use a new loan. to pay off your debt. Debt settlement or debt negotiation is a way to resolve debt for significantly less than the balance owed, including the added savings of not having to pay potentially decades of future interest charges. However, this is a hardship program and should only be considered if you need serious relief and want to avoid bankruptcy.

There are many out-of-state debt relief companies that advertise to Texans on the Internet and on cable television. A Texas-based company that exclusively helps Texans may be much more knowledgeable about the specific consumer protections provided by state law. Some out-of-state debt relief may overcharge Texans for debt relief that is regulated by the state government. Debt Affordable Debt Consolidation is a Texas-based, 100% veteran-owned company that helps Texans find solutions to their credit card debt and personal loans. These options include a free platform to purchase the best debt consolidation loan, credit counseling referrals, or a debt relief program to negotiate the cancellation of a large portion of your debt balances.

If you opt for a debt relief program, Affordable Debt Consolidation negotiation fees are typically 20-40% lower than those charged by most out-of-state companies. If you want to learn more about debt resolution options, call (361) 724-3000 or visit affordable debt consolidation for a free, no-obligation consultation with a Texas debt specialist.

For more coastal life, visit our website or follow our Facebook and Instagram.

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Knights Funding Debt Consolidation Scam 2022 https://bthroughz.com/knights-funding-debt-consolidation-scam-2022/ Sat, 19 Feb 2022 22:48:00 +0000 https://bthroughz.com/knights-funding-debt-consolidation-scam-2022/ Editorial credit: Cinemato Ad Disclosure: We earn referral fees from advertisers. Learn more Is Knights Funding a scam? We will let you be the judge. Knights Funding entices you by sending you a direct mail with a “personalized reservation code” and a low interest rate of 3% to 4% to consolidate your high interest credit […]]]>
Editorial credit: Cinemato

Ad Disclosure: We earn referral fees from advertisers. Learn more

Is Knights Funding a scam? We will let you be the judge.

Knights Funding entices you by sending you a direct mail with a “personalized reservation code” and a low interest rate of 3% to 4% to consolidate your high interest credit card debt. You will be directed to KnightsFunding.com or myKnightsFunding.com. More than likely, you will not qualify for one of their debt relief loans and they will try to switch you to a more expensive debt settlement product.

It’s not new. Many unscrupulous debt marketing companies have used this as a business model for years. They lure you in with the low interest rate, shackle you for a week, then let you know you don’t qualify for a loan. They then offer you very expensive debt settlement options.

Knights Funding Debt Consolidation Scam 2022 2

Is Knights Funding legit or a scam?

Crixeo.com rewarded Financing of the Knights a 1-star rating (data collected and updated as of February 19, 2021). We hope the information below will help you make an informed decision on whether to do business with Knights Funding. We hope the information below will help you make an informed decision on whether to do business with Knights Funding.

  • Financing of the Knights operates two websites, KnightsFunding.com & Funding myKnights.com.
  • Financing of the Knights is part of a collection of almost 50 websites that we discovered. All are affiliated and listed below.
  • Our belief is that Financing of the Knights operates so many different websites in order to escape the huge amount of complaints and negative articles on the internet.
  • We advise caution when working with Financing of the Knights. Affiliate websites have several negative reviews and scam complaints.
  • Financing of the Knights operates under the sovereign protection of the Mandan, Hidatsa and Arikara Nation (a/k/ MHA Nation), a Native American tribe.

Financing of the Knights may be affiliated with the following websites:

Financing of the Knights Reviews and Ratings

Financing of the Knights and its affiliate websites are not accredited by the BBB and have been the subject of numerous complaints and negative press under various names.

MEC Distribution LLC

At one point, Financing of the Knights and its affiliate website operating as MEC Distribution, LLC. The Better Business Bureau issued its first alert on this company in February 2018:

In February 2018, BBB staff visited Fargo ND addresses provided by MEC Distribution and found that all locations were vacant and building management explained that although rent was paid by MEC Distribution, the spaces in office were not used. MEC Distribution LLC has provided BBB with a mailing address for complaint handling in Bloomfield Township Michigan. BBB’s mail to this address was returned as “undeliverable as addressed – undeliverable”. Currently, BBB does not have a physical location for this business.

BBB has confirmed with the North Dakota Department of Financial Institutions that Lafayette Funding is not licensed in North Dakota as a debt settlement company. Additionally, BBB contacted building management at the Lafayette Funding Claims address in Bismarck, ND, and learned that Lafayette is not located at that address. BBB advises extreme caution when dealing with this entity.

In February 2018, BBB staff visited the Fargo ND addresses provided by MEC Distribution and found that all locations were vacant and building management explained that although rent was paid by MEC Distribution, the spaces of office were not used. MEC Distribution LLC has provided BBB with a mailing address for complaint handling in Bloomfield Township Michigan. BBB’s mail to this address was returned as “undeliverable as addressed – undeliverable”. Currently, BBB does not have a physical location for this business.

HaFinancing of the Knights BBB Reviews

You won’t find a BBB file on Financing of the Knights because the complaints haven’t started coming in yet. However, we have reviewed some complaints from its affiliate websites:

Cathy M. – 1 star review

They changed their name to Salvation Funding. After seeing this note, I understand why. I don’t know how they got my information, but they have to stop.

Terry W. – 1 star review

Beware of bait and change sender. The terms are “extremely different” from those advertised! It’s a waste of time.

My goal is to help others realize that it’s a waste of time! Pebblestone Financial’s advertisement is definitely misleading in my opinion. After my conversation with Fred, his response was, “we can definitely help you…I’ll call you tomorrow morning with the details…have a pen and paper ready to write down the numbers.” The sender includes in fine print… This review is not guaranteed if you do not meet the selected criteria.

It also further states: “This review is based on information in your credit file indicating that you meet certain criteria.” In my case, I’m not behind on payments, and neither will I be. I am current on all outstanding debts and my credit history demonstrates it. When Fred called the next morning… his terms were totally ridiculous and, in my opinion, “predatory loans”. When I asked Fred…are those the terms of Pebblestone’s offer, he said yes. I replied, I’m not interested in those terms and he hung up the phone immediately with no further conversation.

The reason I responded to Pebblestone Financial’s offer was to consolidate and simplify with one payment and take advantage of the low pre-approved average rate of 3.67%. While I currently pay between 10.9% and 12.9% to credit card companies…this offer was attractive. The sender stated in BIG BOLD PRINT: You have been pre-approved for a debt consolidation loan with a rate as low as 3.67%. The pre-approved loan amount was actually $11,500 more than my total debt consolidation.

In summary… it’s definitely a “Bait and Switch” scheme in my opinion. I checked BBB feedback before responding to this offer and have not seen any negative feedback. Now I see other very similar answers with the same “Bait and Switch” experience. Hope this helps others avoid wasting time finding out about these unethical practices of Pebblestone Financial.

The Rent-A-Tribe Program

In recent years, hiding behind the protection of a Native American tribe has been made popular by internet payday lenders. In July 2018 Charles Hallinan, “the payday loan godfather”, was sentenced to 14 years in prison for providing payday loans through the Mowachaht/Muchalaht First Nation in British Columbia. In January 2018, Scott Tucker was sentenced to more than 16 years in prison for running an illegal $3.5 billion payday loan business while operating under “sovereign immunity” from the Modoc tribe of the United States. Oklahoma and the Santee Sioux Tribe of Nebraska.

Why do we focus on Financing of the KnightsThe negative reviews?

We urge you to do your own research and due diligence on Financing of the Knightsespecially when it comes to your Personal finance. We urge you to be careful what you find on the Internet. Compare the good and the bad and make an informed decision. In our experience, where there is smoke…there is fire. But you make the call.

Knights Funding Review

Knights Funding Review – Cautionary Notice

Knights Funding entices you by sending you a direct mail with a “personalized reservation code” and a low interest rate of 3% to 4% to consolidate your high interest credit card debt. You will be directed to KnightsFunding.com or myKnightsFunding.com. More than likely, you will not qualify for one of their debt relief loans and they will try to switch you to a more expensive debt settlement product.

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6 reasons why a personal loan is ideal for debt consolidation https://bthroughz.com/6-reasons-why-a-personal-loan-is-ideal-for-debt-consolidation/ Thu, 10 Feb 2022 11:32:42 +0000 https://bthroughz.com/6-reasons-why-a-personal-loan-is-ideal-for-debt-consolidation/ Image source: Getty Images The right personal loan could make your debt much cheaper and easier to pay off. Key points Personal loans allow you to borrow money for almost any reason. They often come with affordable interest rates. Personal loans can be used to consolidate debts. This means that you take out a new […]]]>

Image source: Getty Images

The right personal loan could make your debt much cheaper and easier to pay off.


Key points

  • Personal loans allow you to borrow money for almost any reason.
  • They often come with affordable interest rates.

Personal loans can be used to consolidate debts. This means that you take out a new personal loan and use it to pay off several existing creditors. You can use a personal loan to pay off credit cards, medical debts, other personal loans, etc.

But why would you want to do that? Here are six main reasons why a personal loan can be the ideal tool to use to consolidate your debts.

1. You can use the loan proceeds for anything you want

Most personal loan providers offer great flexibility in how the borrowed money is used. They may not even ask you what you will do with the loan proceeds.

Therefore, after borrowing, you are free to pay off just about any debt you want, from credit cards to medical debt to other personal loans.

2. Personal loans often offer competitive interest rates

The interest rate on a personal loan is often much lower than the rates for other common types of debt, such as credit card debt.

If you can lower the interest rate on your borrowed funds, repayment should be less expensive over time because you won’t have to give the lender so much money to have the privilege of accessing credit.

3. Many personal loans allow you to borrow a large sum

It is often possible to borrow a large sum of money when taking out a personal loan – sometimes as much as $50,000 or $100,000, depending on your income and other financial qualifications.

Since you can borrow a lot, you should hopefully be able to use your personal loan proceeds to pay off most or all of your outstanding debt. This will simplify the debt consolidation process since you won’t have to choose which debts to pay off with your consolidation loan, and you won’t end up with multiple creditors when you’ve completed the process.

4. You can lock in your interest rate with a personal loan

Many lenders offer you the option of choosing a fixed rate personal loan. If you refinance variable rate debt into a fixed rate loan, you won’t have to worry about rising rates and your debt going up.

You’ll have complete certainty about what you’ll pay each month because your monthly payments and borrowing costs will never change.

5. Personal loans come with fixed repayment schedules

When you apply for a personal loan, you decide on a fixed term for the repayment of your personal loan, for example three years or five years. This time frame will not change once you sign your loan agreement and commit to borrowing.

As a result, you will know exactly when you will complete your debt repayment plan and be free from all debts you have consolidated.

6. You don’t usually put your assets at risk when you take out a personal loan

Typically, you will use an unsecured personal loan when consolidating debt. This means you don’t need to use any assets as collateral, unlike a home equity loan, where your home secures the loan.

Each of these benefits distinguishes personal loans from other debt consolidation options, such as home equity loans or balance transfers. If you’re hoping to consolidate your debt this year, a personal loan should be considered when deciding what new credit to take out to pay off your existing lenders.

The Ascent’s Best Personal Loans for 2022

The Ascent team has scoured the market to bring you a shortlist of the best personal loan providers. Whether you’re looking to pay off debt faster by lowering your interest rate or need extra money to make a big purchase, these top picks can help you reach your financial goals. Click here for the full rundown of The Ascent’s top picks.

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Debt Consolidation Market Size by Type, Application, Key Players, Geographic Scope and Forecast 2022-2027 https://bthroughz.com/debt-consolidation-market-size-by-type-application-key-players-geographic-scope-and-forecast-2022-2027/ Mon, 07 Feb 2022 03:29:32 +0000 https://bthroughz.com/debt-consolidation-market-size-by-type-application-key-players-geographic-scope-and-forecast-2022-2027/ The Debt Consolidation Market report is a perfect basis for people who are looking for a comprehensive study and analysis of the Debt Consolidation Market. This report contains study and miscellaneous information which will help you to understand your niche and focus major market channels in the regional and global Debt Consolidation Market. To understand […]]]>

The Debt Consolidation Market report is a perfect basis for people who are looking for a comprehensive study and analysis of the Debt Consolidation Market. This report contains study and miscellaneous information which will help you to understand your niche and focus major market channels in the regional and global Debt Consolidation Market. To understand the competition and take action based on your key strengths, market size, current and future years demand, supply chain information, business concerns, competitive analysis and prices as well as supplier information will be presented to you. The report also includes information about the major market players, Debt Consolidation applications, its type, trends and overall market share.

To put your business plan into action based on our detailed report, you will also receive comprehensive and accurate forecasts and projected figures for the future. This will provide an overview of the market and help design solutions to leverage key profitable elements and gain market clarity to develop strategic plans. The data present in the report comes from different publications in our archives as well as many reputable paid databases. Moreover, the data is collated with the help of dealers, raw material suppliers and clients to ensure that the end result covers every minute detail regarding the debt consolidation market, making it a perfect tool for serious buyers of this study.

Debt Consolidation Market: Competition Landscape

The Debt Consolidation Market report includes information on product launches, sustainability, and outlook from key vendors including: (Clear Credit Solutions, Mozo, Sort My Debt, Australian Lending Center, Canstar, Credit Repair Australia, Debt Negotiators, Australian Debt Solvers, The DCS Group has, Australian Debt Agreements, Debt Cutter, Think Money)

Click the link for a free sample report @ https://crediblemarkets.com/sample-request/debt-consolidation-market-13135?utm_source=AkshayT&utm_medium=SatPR

Debt consolidation market: segmentation

By type:

Credit card debt
Overdrafts or loans
Others

By app:

Business
Private

Debt Consolidation Market: Regional Analysis

The whole regional segmentation has been studied based on recent and future trends, and the market is forecast through the forecast period. The countries covered in the regional analysis of the Global Debt Consolidation Market report are US, Canada & Mexico North America, Germany, France, UK, Russia, l Italy, Spain, Turkey, Netherlands, Switzerland, Belgium and the rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea South, Rest of Asia Pacific (APAC) in Asia Pacific (APAC), Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA ) as part of the Middle East and Africa (MEA), and Argentina, Brazil, and the rest of South America as part of South America.

Key benefits of the report:

  • This study presents the analytical representation of the worldwide Debt Consolidation industry together with current trends and future estimations to determine impending pockets of investment.
  • The report presents information related to key drivers, restraints, and opportunities, along with a detailed analysis of the global Debt Consolidation market share.
  • Current market is quantitatively analyzed from 2020 to 2027 to highlight the growth scenario of the global Debt Consolidation Market.
  • Porter’s Five Forces analysis illustrates the power of buyers and suppliers in the marketplace.
  • The report provides a detailed analysis of the Global Debt Consolidation Market based on the competitive intensity and how the competition will shape in the coming years.

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Main points covered in the table of contents:

Market overview: It includes six sections, research scope, key manufacturers covered, market fragments by type, Debt Consolidation market shares by application, study objectives and years considered.

Market landscape:Here, Global Debt Consolidation Market opposition is dissected, by value, revenue, transactions, and slice of the pie by organization, market rate, ruthless circumstances Most recent landscape and patterns, consolidation, development, obtaining and parts of the whole industry of the best organizations.

Manufacturer Profiles: Here, the driving players of the global Debt Consolidation market are considered dependent on region of deals, key elements, net benefit, revenue, cost, and creation.

Market Status and Outlook by Region: In this segment, the report examines net benefit, transactions, revenue, creation, global industry share, CAGR and market size by region. Here, the global Debt Consolidation Market is thoroughly examined based on regions and countries like North America, Europe, China, India, Japan, and MEA.

Application or end user: This segment of the exploration study demonstrates how extraordinary sections of end customers/applications are adding to the global Debt Consolidation market.

Market forecast: Production side : In this part of the report, the creators focused on the conjecture of creation and creation esteem, the gauge of the main manufacturers and the estimation of the creation and creation esteem by type .

Research results and conclusion: This is one of the last segments of the report where the findings of the investigators and the end of the exploratory study are given.

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Answers to key questions in the report:

  • What will be the pace of market development of the Debt Consolidation market?
  • What are the key factors driving the global debt consolidation market?
  • Who are the main manufacturers on the market?
  • What are the market openings, market risks and market outline?
  • What are sales volume, revenue, and price analysis of top manufacturers of Debt Consolidation market?
  • Who are the distributors, traders and dealers of Debt Consolidation market?
  • What are the Debt Consolidation market opportunities and threats faced by the vendors in the global Debt Consolidation Industries?
  • What are the deals, revenue, and value review by market types and uses?
  • What are the transactions, revenue and value review by business areas?

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Using a Home Equity Loan for Debt Consolidation – Forbes Advisor https://bthroughz.com/using-a-home-equity-loan-for-debt-consolidation-forbes-advisor/ Fri, 04 Feb 2022 17:43:13 +0000 https://bthroughz.com/using-a-home-equity-loan-for-debt-consolidation-forbes-advisor/ Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. As a homeowner, you have additional financial responsibility, including mortgage, property taxes, home maintenance, and other expenses. You may also be carrying high-interest debt, such as credit cards. Fortunately, there are ways […]]]>

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

As a homeowner, you have additional financial responsibility, including mortgage, property taxes, home maintenance, and other expenses. You may also be carrying high-interest debt, such as credit cards. Fortunately, there are ways to pay off your debt faster with help from your home.

A home equity loan allows you to use the equity in your home to consolidate your debts at a lower interest rate. However, this strategy has some drawbacks. Here’s what you need to know.

How a Home Equity Loan Consolidates Debt

Home equity is the difference between what you owe on your home (the mortgage balance) and its current value, usually based on the current appraised value. You cannot get a home equity loan unless you have some equity in your home; lenders usually look for at least 15% equity in order to lend them to you.

The more you pay to your lender, the more your capital increases. Another way equity increases is when the overall real estate market is healthy and home values ​​(or sale prices) in your area increase. A home equity loan allows you to borrow against that equity in the form of a lump sum installment loan.

This money can be used for a variety of purposes, such as renovating your home, paying for college, covering emergency expenses, and consolidating debt.

Home equity loans are a good debt consolidation tool because the interest rates are quite low compared to other forms of debt. Once your home equity loan is closed and you receive your funds, you can use the money to pay off your existing debt and then make a one-time payment to your lender until the loan is paid off, usually on a period of five to 20 years.

Advantages and Disadvantages of Using a Home Equity Loan to Consolidate Debt

When deciding whether or not to use a home equity loan to consolidate your debt, you should first consider a few important pros and cons.

Advantages

  • Lower interest rates: If you’re looking for ways to borrow money or consolidate debt, a home equity loan offers some of the lowest rates available. Currently, their annual percentage rate (APR) is around 4% to 6%. Personal loans and credit cards, on the other hand, often have double-digit interest rates.
  • Easy access to financing: Although there are certain income and debt balance requirements that you must meet, a home equity loan is generally easier to obtain than other types of debt. This is partly because your property serves as collateral, so there is less risk to the lender than an unsecured loan, which has no assets used as collateral, as they can repossess the collateral. in the event of a defect. Therefore, the lender is more willing to offer a home equity loan.
  • Tax deduction potential: You may be able to write off some of the interest you pay on your home loan. However, you can only take advantage of this deduction if you use the money to pay for home improvements. If home renovations are part of your larger financial plan, it may be worth relying on a home equity loan rather than a credit card, especially if you’re also trying to pay off your high-interest debt.

The inconvenients

  • Risk of losing your home: Since your property serves as collateral, you could lose your home in the event of late payment or default. As long as you’re able to track your payments, this shouldn’t be a problem.
  • Your house could fall under water: Since a home equity loan relies on the value you have accumulated in your home, there is a chance that you will end up under water on your mortgage (you owe more than the value of the property) if the value of the house drops. This is not a problem if you plan to stay in your home for several years, or long enough for the property to recover in value. But if you were hoping to move soon, you might suffer a loss.
  • There could be more fees: You may need to pay to have your home appraised by a professional to determine the value to get a home equity loan. Usually it costs a a few hundred dollars but could be higher depending on where you live and the type of property. You may also have to pay closing costs on the loan.

Is a home equity loan the best way to consolidate debt?

If you’re in a strong financial position, leveraging the equity in your home to get rid of high-interest debt faster is a smart move. However, if you don’t plan to stay in your home for long or are unsure whether your income will be stable throughout the repayment period, you may be better off choosing another method of debt consolidation.

Other Debt Consolidation Options

There are several ways to consolidate your high interest debt without risking your property.

1. 0% Balance Transfer Cards

To attract new business or issue cards to existing customers, credit card companies often offer a 0% initial APR to customers who roll over the balance on their existing credit card, usually from a competitor.

The introductory period typically lasts 12-18 months, during which this balance incurs no interest charges. This means that your payments go 100% towards paying off the principal balance, allowing you to get rid of this debt faster. Usually there is a 2% to 5% balance transfer fee upfront. The key is to pay off your balance before the end of the introductory period or you’ll start racking up interest charges again.

2. Take out a personal loan

Personal loans, which are loans you can use to pay almost anything up to a predetermined amount, can also help consolidate your debt. Rates are generally lower than credit card rates, at least for borrowers with good credit.

There are two types of personal loans: secured and unsecured. Secured loans are secured by collateral, such as a bank account or vehicle. This helps reduce the lender’s risk, which results in a lower interest rate. Unsecured loans allow you to borrow money without providing collateral; the trade-off is that the rate may be a bit higher and you may be subject to stricter requirements.

3. Develop a debt management plan

If you’re having trouble making payments on unsecured debt, such as credit cards or personal loans, you might consider working with a nonprofit credit counseling agency to develop a debt management plan. debt (DMP). An accredited advisor will take care of your payments and negotiate with lenders on your behalf to reduce the cost of your debt. You will then make your reduced payments directly to the agency and receive regular progress reports. Registration for a DMP may be chargeable.

Find the best home equity lenders of 2022

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Debt Consolidation Market 2022 Business Opportunities, Future Industry Trends, Strategies, Revenue, Challenges, Key Players and Forecast 2028 https://bthroughz.com/debt-consolidation-market-2022-business-opportunities-future-industry-trends-strategies-revenue-challenges-key-players-and-forecast-2028/ Wed, 02 Feb 2022 07:17:11 +0000 https://bthroughz.com/debt-consolidation-market-2022-business-opportunities-future-industry-trends-strategies-revenue-challenges-key-players-and-forecast-2028/ Global Debt Consolidation Market Extrapolates Trends, Share, Revenue and Market Size Our report on Global Debt Consolidation Market Research provides all the factors needed to establish new paradigms in this industry. We have main market details including market growth factors, competitive landscape, geographical breakdown, market statistics and various other segmentations to provide better insights into […]]]>

Global Debt Consolidation Market Extrapolates Trends, Share, Revenue and Market Size

Our report on Global Debt Consolidation Market Research provides all the factors needed to establish new paradigms in this industry. We have main market details including market growth factors, competitive landscape, geographical breakdown, market statistics and various other segmentations to provide better insights into the global market. debt consolidation market. The report covers all macro and microscopic details associated with growth aspects of the market that might pave the way for new developments and expansion of businesses of interested players in the global Debt Consolidation Market. The Global Debt Consolidation Market report explains in detail even the qualitative and quantitative information to offer the best of the research solutions and business strategies to maintain in the global and regional platform.

Market expansion and impact of key growth drivers:

• Investigate and analyze the overall valuation (size, revenue, and volume) based on key regions/countries, product type, application, and historical data
• Understand the breakdown structure of the debt consolidation market
• Studying the market valuation, competitive landscape and recent development plans helps to better understand the market
• Analyze extensive insights such as industry-specific opportunities, drivers, challenges, and risks driving the growth of the Debt Consolidation Market
• To study competitive advances such as expansions, agreements, new product launches and acquisitions, mergers among major market players
• Analyze strategic business strategies and their impact on market growth rate

Further, the competitive landscape mentioned in the report extrapolates the growth of the global debt consolidation market through adoption of various business strategies including acquisitions, mergers, joint ventures, stringent government regulations and changing competitive dynamics. Some of the key players operating in the global debt consolidation market include Mozo, Canstar, Credit Repair Australia, Australian Debt Agreements, Think Money, Debt Negotiators, The DCS Group has, Debt Cutter, Sort My Debt, Clear Credit Solutions, Australian Debt Solvers, Australian Lending Center. Our report explains company profiles in detail to help readers and clients understand the future scope, latest trends, historical data, and market revenue over the forecast period. The Global Debt Consolidation Market report also exclusively mentions opportunities and challenges, threats, financial statistics, regional market attractiveness and industry dynamics.

The major types of Debt Consolidation Products covered in this report are:

Credit card debt, overdrafts or loans, other

Most Used Applications of the Debt Consolidation Market covered in this report are:

Company, Private

Get Free Sample Report + All Related Charts & Graphs (with COVID 19 Impact Analysis): https://www.marketresearchstore.com/sample/debt-consolidation-market-807547

(NOTE: Analysts have been monitoring the global market situation based on the latest market scenario, economic downturn and the impact of COVID-19 on the overall industry.)

Key questions answered by the report:

• What are the major trends that are constantly influencing the growth of the Debt Consolidation market?
• Which are the major regions that offer immense prospects for players in the Debt Consolidation market?
• What are the business strategies adopted by the major players to sustain the global debt consolidation market?
• What is the expected size and growth rate of the global debt consolidation market during the forecast period?
• What are the factors impacting the growth of the global debt consolidation market?
• What are the challenges and threats faced by the major players in the Debt Consolidation market?

Through regional analysis, the Global Debt Consolidation Market report comprehensively focuses on consumer demand, sales, distributions, product developments, consumer preferences, and earnings or losses. loss of regional revenue. Geographically, the market is segmented into United States, Canada, and Mexico in North America, Peru, Brazil, Argentina, and Rest of South America as part of South America, Germany, Italy, United Kingdom, France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), in Africa South, Saudi Arabia, United Arab Emirates, Kuwait, Israel, Egypt, Rest of Middle East and Africa (MEA). The regional study will clearly enlighten the readers with the research solutions and revenue statistics from the global regional perspective, thus giving a wide range of insights about the Debt Consolidation market. Our report thus offers answers to all questions regarding the growth and future of the market.

Reasons to buy the report:

1. Comprehensive Overview of Global Debt Consolidation Market
2. In-depth analyzes of business landscape and market strategies
3. Analyzes of mitigation of development threats, production issues and other challenges
4. Key Growth Drivers and Market Restraints that Impact the Growth of the Debt Consolidation Market
5. New market strategy and development trends are all covered.
6. Better Understanding of Future Scope of Debt Consolidation Market
7. The research report can be customized to meet your specific needs.

Main Highlights of the Debt Consolidation Market Report:

• Detail of company profile and regions with better scope of debt consolidation markets
• Prices, growth influencers, import/export, technological breakthroughs, future trends and growth rate are all examined.
• An in-depth examination of market growth rates in the past, present and future
• Market expansion and the impact of certain growth drivers
• The study includes accurate data to better understand the global debt consolidation market

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What is a debt consolidation loan and how does it work? https://bthroughz.com/what-is-a-debt-consolidation-loan-and-how-does-it-work/ Thu, 27 Jan 2022 12:23:00 +0000 https://bthroughz.com/what-is-a-debt-consolidation-loan-and-how-does-it-work/ Debt consolidation loans are often misunderstood. They are not always bad. However, you should only take them after careful consideration. If you plan to subscribe best debt consolidation loans then you need to understand what they are and how to get it. The use of debt consolidation loans is to help consumers consolidate their debts […]]]>


Debt consolidation loans are often misunderstood. They are not always bad. However, you should only take them after careful consideration. If you plan to subscribe best debt consolidation loans then you need to understand what they are and how to get it.

The use of debt consolidation loans is to help consumers consolidate their debts into a single loan. This means that instead of paying multiple creditors each month, you would pay one creditor per month.

How Debt Consolidation Works

Consolidating your debts is not the same as filing for bankruptcy. While this can sometimes be helpful in dealing with overwhelming debt, there are some important differences between these two options. Therefore, here’s how debt consolidation works – 1. You take out a new loan and use it to pay off all or most of your existing credit card balances. 2. You pay off the remaining balance on the consolidated loan over time at a lower interest rate than you were paying before.

What is the concept of debt consolidation?

Consolidating your debts into one loan can save you time and effort. It also helps you get rid of high interest rates and fees. If you take the right steps before applying for a debt consolidation loan, you can avoid ending up with an expensive loan.

Therefore, here are some tips on the best way to use the debt consolidation loan:

Understand your finances
Before applying for a debt consolidation loan or any other type of loan, understand your sources of money. Check if you will qualify for a loan based on your current financial situation.

Know the loan options available
There are many types of loans available today. Some people prefer to use credit cards while others prefer to use cash advances. Many people like to combine the two types of loans in order to better manage their finances.

Consider all options before applying for a loan
You don’t necessarily need to go through all the lenders in your area first. Instead, you can check various websites online for free information on different types of loans.

Choose an interest rate that suits your budget
You can find different types of interest rates when looking for a loan. However, there are two main categories of interest rates: the fixed rate and the variable rate. Fixed rate loans generally have higher monthly payments, but lower overall costs. Variable rate loans generally have lower monthly payments, but higher overall costs.

Look at different payment plans
When choosing a payment plan, you need to consider your budget. Most people who borrow money do so because they want to pay less in the long run. Therefore, you need to think about how much you can afford to pay each month.

Check your ability to repay your loan
If you decide to apply for a debt consolidation loan, make sure you can afford to repay the full amount. Otherwise, you could end up paying thousands of extra dollars every year.

Be aware of loan fees and costs
Some banks charge additional fees when you take out a new loan. These fees include things like application fees and set-up fees. You should research these fees before taking out a loan.

Shop for the best deal
Once you have decided on the type of loan that is best for you, you need to search for the best deal. You can compare interest rates by visiting different websites.

Get pre-approved if possible
Getting pre-approved for a loan is one way to ensure you get the lowest interest rate possible. This means you can start saving money immediately after receiving approval.

Borrow what you need
It is very easy to fall into the trap of taking on too much debt. When you do this, you might be tempted to spend more than you earn. Once you’ve taken out a loan, you might feel compelled to spend even more money.

Debt consolidation loans are a great option for those with high levels of debt. They allow you to consolidate multiple debts into one low-interest loan. By paying off your existing debt, you can save money and avoid future problems.

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