Related Services - The following directories of companies and services offer a wide variety of financial programs to assist you with handling your debts. Consolidate your bills with a debt consolidation loan or use a debt management or credit counseling service for help with your credit card bills and other payments.
- Debt Consolidation Help - If you have a large amount of credit card and other debts, now may be a good time to consolidate your debt and lower your payments.
- Consumer Debt Management - Too many credit cards and other bills to make monthly payments on? Start here by reviewing and comparing different debt management options for getting help with your credit card bills and other monthly obligations.
- Fast Personal Loan - These (typically) smaller loans are most often made available on an unsecured basis. Essentially, your property property or home will not used as security in order to obtain financing. The underwriting decision will usually be based upon your credit history and ability to make repayment according to the terms of the loan agreement.
Cutting Your Costs
Simple Strategies for Saving Money on Loans and Credit Cards
9. Don't pay for expensive insurance coverage you probably don't need. Many lenders sell disability, life insurance or other similar protection plans which, as an example, might cover minimum loan payments due if the borrower becomes ill or dies. Credit protection programs may be the best or only coverage for certain people who want this kind of protection, such as some consumers who are ill or who are concerned about making loan payments if they lose their job. But these plans may be far more costly or more limited in purpose than other options, such as traditional insurance not tied to loans.
Before purchasing a credit protection product, consider if you already have, or would be better off with, traditional insurance. Look at your savings and other assets, because you may have sufficient emergency funds to do what these programs promise if you become sick or unemployed. Also remember that most credit protection is optional.
FDIC Consumer News is published by the Federal Deposit Insurance Corporation
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Last updated on 8/10/2007