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Military Friendly Debt Consolidation

What exactly is Debt Consolidation? This method if debt management takes all your existing debts and puts them into one debt consolidation loan. It’s an attractive method for getting out of debt but isn’t without it’s own risks. There are a number of debt consolidation programs and you should consider all your options when choosing the best method for your needs.

Typically a debt consolidation loan takes all or part of your debts, usually unsecured credit and replaces them with a single secured loan to reduce interest and get smaller payments. A secured loan is one with collateral such as your house, car or other valuable items. Debt consolidation like this will help you manage having so many open lines of credit but depending your terms you may end up paying on the debt for a longer period of time. Every situation is unique and you have to decide if this is the right way to get out of debt for you.

The main benefit to this method is getting a fixed or lower interest rate lowering the overall amount you have to pay back. This can have a significant impact on the amount of money you own lenders and interest accrues very quickly with high interest loans and credit cards.

Getting one single loan will also avoid getting dinged by fees from having multiple lines of credit. Each one often charges fees on top of the interest you have to pay. When you couple that with paying only the minimums you’ll see your monthly balance go up instead of down which is quite discouraging. Not matter what method you choose you should always pay more than just the minimum!

Credit and Debt Topics of Interest:

  • Military Friendly Debt Relief
  • Military Loan Calculator
  • Military Friendly Debt Consolidation
  • Paying Off Debt
  • 5 Steps to Manage Your Debt
  • Tips For Using Credit Wisely
  • Create A Budget
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JULY 30, 2025 — U.S. Coast Guard Barque Eagle (WIX 327) will visit Los Angeles, Aug. 1-3, 2025 and be open for public tours. Eagle will be moored at Berth 50/51 in San Pedro’s Outer Harbor, near 3600 Miner Street, San Pedro, CA, and will offer free public tours during the following dates and times: […]

Air National Guard Unveils New Bonus Program

MARCH 11, 2023 – On March 1st, the Air National Guard (ANG) launched a new bonus program to attract and retain personnel in critical specialties. The initiative offers significant financial rewards, with bonuses of up to $90,000 for eligible members, depending on their Air Force Specialty Codes (AFSCs). This strategic move aims to strengthen the […]

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APRIL 3, 2025 – Within the armed forces, a variety of educational benefits are available that allow service members to both improve themselves and make themselves more valuable to their service branch. One example is the Military Tuition Assistance Program. The program is available to enlisted personnel, officers and warrant officers in the Army, Navy, […]

Former Soldier Navigates Job Hunt

NOVEMBER 19, 2024 — In early 2017, Michael Quinn endured what he called the worst day in the worst year of his life. Quinn, then a sergeant major and 24-year Army Soldier, had weathered deployments in Iraq, Afghanistan and the Philippines. As an Army counter-intelligence agent, he said he learned to operate under grave circumstances […]

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JUNE 25, 2025 – Have you ever wondered how military families manage their finances while dealing with deployments, relocations, and changing pay structures? Financial planning is a vital part of life for families who serve. With unique benefits, challenges, and lifestyle changes, military families must make smart financial decisions that protect their future and help […]

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