Category Archives: debt consolidation

The Hazards of Debt Consolidation With LoanMe

In recent weeks, a lender based in California called LoanMe started flooding local radio stations with advertisements for debt consolidation loans. LoanMe offers unsecured personal loans up to $100,000 and unsecured business loan up to $250,000. Their commercials usually portray a house wife or business owner stressing over credit card debt, offering the appealing simplicity…

Debt Consolidation vs. Bankruptcy

Dave Ramsey is right when he says that debt consolidation is “nothing for than a con” that addresses the symptoms and not the disease.  However, he misses that mark when he says that bankruptcy is an evil to be avoided. When Congress amended the Bankruptcy Code in 2005, it added a provision requiring debtors to…