A personal loan can be a useful tool for paying off credit card debt once and for all. Rather than juggling multiple credit cards with variable interest rates, you can just make one fixed monthly payment. Here is what you should know about applying for a personal loan.

One of our DC-based Financial Trainers, Mike, explains why you may not want to consider debt settlement right away, even though it may seem like a tempting offer to alleviate some of the stress of paying back your debt.

Loss of income, unexpected expenses, and depleted savings. All of that comes with increased debt-- which is reality for a lot of Americans this year. If it feels like your debt has gotten out of control, you might be wondering, “Hey, is debt settlement right for me?” I’m here to tell you, “No, probably not.” and here’s why!

Trying to find ways to get a handle on your debt? You might consider debt consolidation, a process that can simplify your debt and possibly lower the amount you pay in interest on your loans. If you’ve been wondering how to consolidate debt there are several approaches you can take. Here are the pros and cons of debt consolidation.

The Financial Gym Client Mackenzie Stewart shares with us how she approaches paying off her debt on a less-than-ideal income. Mackenzie breaks down both concrete steps as well as how to shift your mindset in order to conquer those debt repayment goals.

When it comes to the financial products that empower you to take care of the things that matter most in life, there’s no shortage of available options. Each product has its own strengths and purpose, and your financial situation and personal goals play a large role in deciding what the best choice is for you. In this article, we’re going to cover a few good reasons you might consider taking out a personal loan.

You can think of your financial journey to retirement as a road trip. If you start in New York and plan to retire in California, you have two choices: make the trip as direct as possible or allow some stops along the way to make the journey a little more comfortable. 

A 401(k) allows workers to save part of their paycheck before taxes are taken out. Sponsored by a given individual’s employer, the purpose of a 401(k) is to provide a savings plan that workers can access once they have retired. 

Tackling your debt is one of the most important steps to getting your financial life under control and reaching big money goals. While it can seem complicated or even disheartening at times, paying off your debt is possible, especially with a solid game plan. That’s why many people choose debt consolidation when paying off debt. 

Debt consolidation can be a great tool to conquer your debt, but it’s not for everyone. Here’s what to know about consolidating your debt before you take the plunge.