Although you can never borrow your way out of debt, you can greatly reduce the amount of interest you pay every month.
Depending upon the credit card balances you’re currently carrying, this could save you lots of money—hundreds of dollars, perhaps thousands. Start down the road to debt relief right now by applying for a loan at Prosper.
Next, list the expenses that vary — like groceries, entertainment, and clothing.
Writing down all your expenses, even those that seem insignificant, is a helpful way to track your spending patterns, identify necessary expenses, and prioritize the rest.
The first step toward taking control of your financial situation is to do a realistic assessment of how much money you take in and how much money you spend. Then, list your "fixed" expenses — those that are the same each month — like mortgage payments or rent, car payments, and insurance premiums.There are three major types of debt consolidation: Debt Management Plans, Debt Consolidation Loans and Debt Settlement.These are not quick fixes, but rather long-term financial strategies to help you get out of debt.If you feel like your credit card, store card or other personal debts are getting away from you, we may be able to help.A balance transfer could help you save on interest charges, to help you get back in control of your finances.