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  2. Debt consolidation vs. debt payoff vs. debt counseling: What ...

    www.aol.com/finance/debt-consolidation-vs-debt...

    After comparing lenders online, she qualifies for a debt consolidation loan at 12% interest for five years. Her new single payment is $556 monthly, saving her $194 per month and about $4,000 in ...

  3. Debt consolidation vs. Bankruptcy: Which is right for you?

    www.aol.com/finance/debt-consolidation-vs...

    That’s roughly $4,000 in savings. ... Debt consolidation loan: This is a type of personal loan. Some loans are secured, meaning you need collateral in exchange for funds, but most are unsecured ...

  4. How this 30-year-old veteran paid off more than $20,000 in ...

    www.aol.com/finance/30-old-veteran-paid-off...

    What starts with no communication in a marriage can end with thousands of dollars in debt after divorce. ... about $4,000 to $5,000 in rewards. ... $1,000 toward her debt consolidation loan ...

  5. Phantom debt - Wikipedia

    en.wikipedia.org/wiki/Phantom_debt

    Phantom debt or zombie debt is a debt that is old, defaulted, or not owed and is somehow still being pursued for collection to be paid by the presumed debtor. It generally refers to debt that is more than 3 years old, is long forgotten about or belonged to someone else – like someone with the same name or a deceased parent.

  6. Student financial aid in the United States - Wikipedia

    en.wikipedia.org/wiki/Student_financial_aid_in...

    An education loan is a loan taken out by the student (or parent) to pay for educational expenses. Unlike scholarships and grants, this money must be repaid with interest. Educational loan options include federal student loans, federal parent loans, private loans, and consolidation loans.

  7. Home mortgage interest deduction - Wikipedia

    en.wikipedia.org/wiki/Home_mortgage_interest...

    Third, interest is deductible on only the first $1 million of debt used for acquiring, constructing, or substantially improving the residence, ($500,000 if filing separately) or the first $100,000 of home equity debt regardless of the purpose or use of the loan. In the United States, there are additional tax incentives for home ownership.

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