Category Archives: Debt

Brice Capital Reviews for Debt Consolidation

Before starting in with reviews of financial services, do a thorough review of your own financial needs. No financial expert can help you unless you have a strong handle of your own financial situation and are able to clearly express what you want from the arrangement. If you are unsure of what you need, then you have no way of evaluating which financial service is right for you.

Once you have decided on the type of service you need and have a front-runner for a provider, read everything. Don’t just read their ad copy. Read reviews that come from all the places they serve. Take the testimonials seriously and note any red flags that come up along the way. Reviews will run the gamut of the overly effusive to the overly critical. Give more weight to the well-measured responses.

Brice Capital Can Help Financially

Just be sure to watch out for analysis paralysis. It is common to become so overwhelmed by all the information that one ends up doing nothing. Your situation calls for action. If it didn’t, you wouldn’t have made it this far into the process. You might have come across reviews on Brice Capital and have a few questions. Here are answers to the most common questions people have at this stage:

Who is Brice Capital?

It makes sense to start by asking, who is Brice Capital. Simply put, you go to Brice Capital for debt consolidation. This is not a financing service for your next car or boat. Don’t look to Brice Capital reviews hoping to discover they are a great source for helping you get the next iPad Pro. It is also not a bank or credit union, a provider of 401-K, or an investment account of any kind.

Reviews on Brice Capital will confirm that it is a provider of debt consolidation loans for people who carry too much debt from a number of sources with high interest rates. This brings us to the next question and the heart of what Brice Capital does:

Debt Consolidation?

Debt is any outstanding money you owe a lender. If you owe many lenders, you will have to make a lot of separate payments each month as a part of your debt service. If you use one of the popular furniture rental services, you might actually be paying weekly. The interest on that furniture is confiscatory and should be avoided at all costs.

A debt consolidation loan allows you to pay off all of your creditors and avoid that shockingly high interest rate you were stuck with. You could get a much lower rate than you had which will save you a lot of money in the long and short term. From that point, you only have one payment to make on a monthly basis, thus, greatly simplifying your finances.

How Is Debt Consolidation Helpful?

One of the most useful tips for borrowing money intelligently would be to pay close attention to the interest rate. One of the big mistakes low income earners make that the rich don’t is to jump at the first offer they get without noting all the details. If the credit was too easy to get then you have good reason to wonder where the catch is. Get a magnifying glass and read the small print carefully.

Search for a loan calculator and determine how much your monthly payment will really be, and how long it will be before you have paid off the loan. Then, compare your total payments to the actual amount of the loan. A bad loan will cost you considerably more than you borrowed, sometimes the total is multiple times the amount you borrowed.

Debt consolidation is helpful because it will eliminate the bad loan and replace it with one that is much better and far easier to manage. It tends to be the loan with terms you wish you could have gotten in the first place.

What Are My Options for Debt Consolidation?

You have many options for debt consolidation. Once you determine that a debt consolidation loan is right for you, read the reviews and decide from there. Your options will differ based on the following:

  • Your credit score
  • The loan amount you need
  • Your income
  • The term of the loan
  • How quickly you wish to pay it off

Can Debt Consolidation Loans Help?

At the end of the day, only you can answer this question. You are the only one who knows your financial situation. It is possible that a debt consolidation loan for bad credit is a way forward. Try answering the following questions:

  1. Do you tend to forget to make one or more payments on a regular basis?
  2. Do you find yourself deciding which bills you will pay and which you will put off?
  3. Do you ever need to borrow money just to make all your payments?
  4. Would you feel like a weight was lifted from your shoulders if you only had to make a single payment each month?
  5. Do you have 3 or more creditors besides rent and utilities?

If you answered YES to any of these questions, you will likely benefit from a consolidation loan. If you answered YES to all of them, your next step will be to learn how to consolidate debt.

Can Brice Capital Help?

Brice Capital could be the best way to consolidate debt for you. If you need a consolidation loan, check out your debt consolidation options to see if Brice Capital can help. Again, it is not about borrowing money to buy a new car. Nor is it for purposes of investment. Brice Capital will consolidate all your high-interest credit card debt into one payment at a lower rate so that you can get out from under your mountain of debt and have a fresh start.

Apply with Brice Capital

To apply with Brice Capital today, just click on the link and fill out the simple form. You only need the basic information to get started. Act now to find out if a Brice Capital consolidation loan is right for you.

Harrison Funding Reviews & Frequently Asked Questions

Credit. It seems like a nice thing – until it isn’t. You start off using your credit cards to build credit and buy things you need or want, but then something happens. You start spending frivolously, make a big-ticket purchase, or run into trouble with your finances, and things go downhill. Payments are missed, late fees and penalties are applied, and the account is out of control before long. Short of filing bankruptcy, companies like Harrison Funding are there to provide financial relief. 

Debt Consolidation with Harrison Funding

Harrison Funding

What is Harrison Funding? It’s a debt consolidation firm that assists interested parties in “refinancing” their credit card accounts. The team of financial experts has helped several people get their debt under control. Their services allow clients to save money, improve their credit, and develop healthy financial habits that get debts paid off faster. 

Debt Consolidation: What Is It? 

The debt consolidation meaning is relatively simple. It is the concept of lumping several high-interest, high-balance credit cards into one monthly payment with lower interest rates. Depending on your financial status, credit rating, income, and personal preference, there are several ways to consolidate or reduce your credit card debt. 

Balance transfer cards are credit cards offered to qualified individuals with a 0% APR for a duration of 12 to 18 months. You can transfer balances from high-interest credit cards to the new one. This concept allows you to save money on interest and pay more towards your principal balance. If you don’t have good credit or can’t repay the balances within the promotional period, balance transfer cards may not be ideal. 

Home equity loans or borrowing from your retirement accounts is another way to consolidate debt. You’d receive a large sum of money to pay off your credit cards. Though this option does seem like the fastest way to get your balances back to zero, it is not the best method for everyone. Should you stop making payments on your home equity or retirement loan, you could lose your house or incur significant tax penalties and fees. 

Another option is to apply for a debt consolidation loan. These are low-interest loans that cover the balance of your high-interest credit card accounts, giving you a more structured way of repaying your financial obligations. If you read reviews on Harrison Funding, you’ll see that this option works for individuals who are having a hard time managing their debt alone. 

Is Debt Consolidation Even Important? 

Debt consolidation is essential to an individual’s financial and emotional well-being. Allowing credit card balances to accumulate for years has several consequences. Consumers who don’t get their debts under control have a poor credit history, cannot apply for credit or loans, and run the risk of being sued, having their wages garnished, and personal effects repossessed. Essentially, restructuring your debt allows you to avoid these adverse outcomes and repay financial obligations when other tips to pay off debt aren’t as effective. 

What Are The Benefits of Debt Consolidation? 

Why is debt consolidation something you should consider? The benefits are straightforward:

  • Save money on interest rates.
  • Manage debt payments easier (with one monthly payment)
  • Pay off your debt faster by eliminating high-interest and paying more towards the principal balance. 
  • Relieve the emotional overwhelm of juggling too much debt

Does Debt Consolidation Affect Your Credit? 

The road to rebuilding your credit can take time. Depending on the type of debt consolidation strategy you choose and your ability to keep up with payments, it can have a negative or positive impact on your credit rating. 

Applying for a balance transfer card, line of credit, personal, retirement, or home loan will require lenders to place a hard inquiry on your credit report to determine your eligibility. This can cause your credit score to drop temporarily. 

Balance transfer cards are ideal for those with good credit, but you must be mindful of your debt to income ratio. By transferring all of your balances to one card, the amount available for use is reduced significantly. Consequently, your credit score will drop until you get the utilization rate under 30 percent. 

Settling your accounts either through negotiations or by working with a debt management agency can also have an impact on your credit score. Since you’re not paying the balance in full, it will reflect negatively on credit reports. 

On a positive note, if you stay committed to your payment arrangements and repay the loan or credit card in full, each of these methods can positively impact your credit. 

Why Consider Harrison Funding? 

With so many debt consolidation firms out there, you may be wondering why Harrison Funding is the best choice. As you can see from reading Harrison Funding reviews, the agency is willing to go the extra mile when other financial institutions aren’t. Their agents are skilled in credit card debt consolidation and will use this to get you the most affordable option available to get your life back on track. 

Applying For Debt Consolidation With Harrison Funding

Are you interested in learning how to apply for Harrison Funding today? Simply visit the company website and complete a short form. You’ll need to have basic information like your credit card balances, payment amounts, and income information to complete the application. After carefully reviewing your information, a representative will reach out to get more specific. Based on what the agent learns, they will provide you with options to consolidate your credit card debt. You select the option that is most affordable for your financial circumstances. 

Many people have found themselves in a jam that led to the mismanagement of their credit card payments. While strategies like paying more than the minimum, cutting back on spending, earning more money, and negotiating with creditors can work to resolve the matter, sometimes it isn’t enough. Applying for Harrison Funding may be the best solution to dig you out of trouble in those instances. As long as you’re a responsible borrower and make timely payments, you’ll eliminate credit card debt, improve your credit, and put yourself on the path to financial freedom.

-$114,000 Net Worth: Creating a Plan to Get Out of Debt

A friend of mine, “Doug,” came to me last week asking for some financial advice. He lives in New York City, has a stable job at a fortune 500 company paying $60,000/year, and we have very similar educational backgrounds. Except that he has $117,000 in student loan debt, $1,300 in credit card debt (maxed out the credit card and is paying 13.99% APR), and a 5 year old $4,000 debt that is in collections. Oh, and -$23 in his checking account!

It sounds a bit crazy, but that’s exactly why Doug came to me asking for some help. He’s exhausted all resources and while his parents have helped him get by, this actually may be holding him back from getting his finance in order rather than helping. In asking for my help, he agreed to (and actually recommended) using this on the site as a project.

Where His Money Goes

I took a quick look at his Mint account to get a good snapshot of where his money is going. The first step is taking inventory and finding out what’s happening now; later we’ll look at how to improve. His rent is $1,000/month, which is fairy reasonable for where he lives in Manhattan. And Doug iss smart enough to have a couple of roommates. But he has a lot of “random” expenses like cab rides and travel that significantly takes up his hard-earned money. He’s a mid-20s guy living it up in New York and hasn’t taken the time to get his financial life in order. But hopefully that will change soon.

Critiquing His Spending

The thing that stuck out most to me was that Doug spent $748 at restaurants, $185 on groceries, and another $106 on fast food. That’s $1,039 spent on food alone (not including alcohol and bars)! For reference, Lauren and I spend about $700/month on food, with about $100 of that being spent at restaurants). None of this is included in the $480 of cash/uncategorized transactions in the month. Finally, there are $51 in ATM fees/finance charges that could be simply avoided. That’s not preventing him from being in a good financial position, but it’s indicative of his general ideas about money: do what I want now and I’ll figure the rest out later.

Creating A Plan

After getting over my initial shock, we discussed a plan going forward. The immediate need was to pay off the credit card bill to avoid the high interest and build a cushion in his checking account. Then we’d tackle the collections account and start some more future planning. How would we achieve this? We’d make just a couple of tweaks that would have a tremendous effect on his finances.

First, Doug agreed to eat out at most once a day. Previously, he was eating 2 meals out every day. And when you’re ordering $12 Chipotle multiple times a day, it makes it really hard to get by and save. Instead of $1,000+ a month, we reduced his monthly food budget to $500, which is completely doable and I’ve already seen him put the changes into practice.

Next, we reduced his 401(k) combined Roth and traditional contributions from 15% of his salary to 4%, enough to get the 2% match at his company. And that drop in contribution leads to over $550/month in after-tax earnings that he’ll be able to use to tackle his debt in the short-term.

One thing I made him do was call his bank and request that his recent $35 insufficient funds fee be credited back to his account. He told them it was a one-time thing, and they removed the fee for him. That was a very easy win, and it showed him that while it will take a significant amount of time to get into positive net worth territory, the immediate changes he was going to put into effect would have a positive impact.

Future Financial Plans

Looking down the road, once the immediate needs are taken care of (we project the credit card will be paid off in October), we’ll look to settle the collections account. And of course, pay down the student loans. It will certainly take time, but the interest rates on those loans are fairly low, in the 3-5% range.

This plan is not foolproof. Doug must be serious about changing his lifestyle and seriously cut back on his spending. He can’t continue to spend on taxi cabs, eating out daily, and unnecessary fees. The good news is that he is young enough that time is on his side and he won’t be saddled by debt forever if he gets his act together. It will be an interesting journey, and hopefully your encouragement will help give him the motivation to stay on track and turn his situation into one of having just about nothing to one where he is in control of his financial future.

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