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Georgetown Funding Won’t Help You Get Out Of Credit Card Debt

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Why Is Georgetown Funding Being Called A Debt Consolidation Scam?

Georgetown Funding personal finance and debt consolidation appear to be a long running bait and switch scam. They are offering consumers a low interest rate of 3.1% APR but then switching them to a more expensive debt relief program.

A Review of Georgetown Funding by Best 2020 Reviews shows that this organization, with over 75 web sites, has been flooding the market with debt consolidation and credit card relief offers. The problem is that the terms and conditions are at the very least confusing, and possibly even suspect.

The interest rates are so low that you would have to have near-perfect credit to be approved for one of their offers. Best 2020 Reviews believes Georgetown Funding Is Not Legit, They are also following companies like Credit 9, Titan Consulting Group and others.

On average, credit card debt in the U.S. is more than $8,000 per person. And keep in mind, that this is only an average estimation. Many people owe a lot more.

Considering the American lifestyle – one that is riddled with various forms of debts, such as student loans, auto loans, and mortgages, this debt  ends up to be a tricky burden for many.,

However, with some motivation and following the right strategy, you can get rid of credit card debt. Here are those tips.

1. Collect All Your Information

There are various methods available to escape credit card debt. In case you have more than one credit card, for starters, arrange your finances and in the future avoid taking out a loan.

Gather each card’s details and add it to a spreadsheet by noting down interest rates, due dates, credit card balances, and minimum payments.

And most important: make sure to avoid debt consolidation scams that tease you with low rates.

2. Review Spending

If you have plenty of expenses, it can be tricky to handle it all. While stuff such as utility bills, housing, food, insurance, and vehicle costs are a necessity, you can always cut on luxurious spending. Based on your debt, you can even consider moving to a cheaper apartment or purchase a more affordable car.

For utilities, reach out to your cable and internet providers and ask them if there are any deals or discounts. These permanent fixes can reduce your expenses, which can go towards your debt repayments.

Take a peek at your bank account and credit card bills and determine where it is spent. How much money is being spent on monthly subscription services, like Netflix or Amazon Prime? What about the monthly spending on restaurants? Perhaps, you eat out too frequently, which is neither good for your finances nor health.

Make sure you conduct an in-depth review. However, make sure that you can reserve some of the money for fun and creation.

Also, check your electronic, make up, and clothing expenses – perhaps you are spending too much money on these.

3. Create a Budget

After you know where your money goes, the next course of action is to create a budget. List down all the essential expenses, such as utility bills, student loans, rent, mortgage, and groceries. Now, calculate your monthly earnings. Freelancers or people who don’t have a fixed income can use an average.

Next, subtract your essential expenses from your salary. The remaining amount can be used for paying your debt every month. Depending upon your preferences, you can always make room for non-essential purchases, such as entertainment, gifts, and eating out. Still, do remember that excessive spending can cause you to pay for more years than you expected.

4. Negotiate for Lower Rates

Many people are unaware that negotiations with the lender can be quite effective. Whether you are talking with a bank or a credit card company, call them and request them to reduce their interest rate. When a customer has positive financial history, authorities are likely to be flexible with them and accept their demands.

5. Don’t Pay Minimum

Usually, debtors only make minimum payments, which can be around 2% of the balance from the last month. Paying only the minimum amount means that all of your payments are going to the interest payments – the principal amount remain the same. Hence, you should start paying more money, which can cut down your principal loan amount.

So, how much should you pay? Just pay more than the minimum amount, based on your salary and make sure you are consistent.

6. Find a Side Hustle

In today’s world, a single stream of revenue is not enough as monthly expenses use up most of the money. If you are in a similar dilemma and want to get out of credit card debt ASAP, then find a side hustle that is ideal for you. This income can be then used for paying off your debt, which can prove to be effective in paying down the principal amount faster. So, how do create this new revenue stream? During COVID-19, many people have gone online, which means that freelancing is a good bet. You can create websites, sell products on e-commerce stores, or design logos – the possibilities are endless.

7. Work With the Avalanche Method

This method is used as an alternative to debt consolidation and to get rid of credit card debt using an interesting strategy. What you do is that you make minimum payments for all your cards. Next, you single out the card with the biggest interest rate, where you can use the extra money.

When you deal with the credit card that has the highest interest rate, it reduces your total interest payments. As soon as you pay it off, move to the card that has the second-highest interest rate. Similarly, repeat the cycle until you are debt free. According to many debtors, this method is the best one for getting rid of debt in a short period of time.

8. Utilize the Snowball Method

In case the avalanche method appears too complex, there is another strategy to get rid of your debt. In the snowball method, you list down all your debts and start repaying the smallest ones first. Here, there is no consideration of the interest rate.

This method is beneficial because it lets you achieve individual goals sooner and you feel accomplished, gaining crucial momentum.

Prioritizing the smallest card lets you experience how exciting it is to pay off a card, which then motivates you to work harder on the bigger debts.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

VPNRanks Report Uncovers User Discontent with Majority of VPN Services

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A groundbreaking report by VPNRanks reveals significant user dissatisfaction with the majority of VPN services, showing that 89% of VPNs globally fail to meet user satisfaction standards. This revelation comes at a critical time when digital security is paramount, and the demand for reliable VPN services continues to rise.

The Importance of User Satisfaction in the VPN industry

According to industry statistics from Global Market Insights, the global VPN market size was valued at USD 45 billion in 2022 and is estimated to grow at a compound annual growth rate (CAGR) of around 20% from 2023 to 2032. Driven by the growing instances of cybercrimes and data thefts, coupled with the increasing proliferation of wireless devices and digital infrastructures across industries, user satisfaction remains a critical challenge for many providers. High user satisfaction is essential for customer retention, brand reputation, and long-term success in the competitive VPN market.

“User satisfaction is the cornerstone of success in the VPN industry. In a market flooded with options, it’s the real user experiences that set the leading providers apart. VPNScore helps users navigate this complex landscape by highlighting services that excel in meeting user expectations,” said Muhammad Saleem Ahrar, COO of webAffinity, the team behind VPNRanks.

VPNRanks is a leading VPN review platform that leverages sentiment analysis to provide comprehensive and unbiased reviews of VPN services. Its VPNScore is based on an AI-driven analysis of publicly available user reviews. The platform aims to simplify the process of identifying the best VPN provider tailored to each user’s unique needs.

VPNRanks Untangles Complex Findings on Key Features

VPNRanks evaluated four key features — ease of use, ease of setup, ability to meet user requirements, and quality of support — to identify the VPN companies that excel at customer satisfaction. To determine a final rank for each metric, VPNRanks combined a popularity score, which contributed 20 percent of the total, with a satisfaction score, which contributed 80 percent.

The study sifted through reviews on 93 paid VPN companies to determine the top providers. The VPNRanks report, issued in June 2024, provides rankings for each key feature and overall customer satisfaction. ExpressVPN achieved the top VPNScore — 6.29 out of 10 — for overall satisfaction globally. The next four top companies in that category, listed in descending order, are PureVPN, NordVPN, PrivateVPN, and Surfshark.

By assessing a variety of categories, the VPNRanks study reveals the challenges users face when trying to identify the best option to meet their needs. For example, NordVPN received a nearly perfect popularity score of 9.46 out of 10 but only a 4.7 satisfaction score. PrivateVPN received a satisfaction score of 6.69 out of 10, which rivaled ExpressVPN’s score in that category, but received a popularity score of only 1.23 out of 10.

The global rankings for ease of use illustrate how challenging identifying a quality provider can be. VeePN received a very high satisfaction score of 7.18 out of 10 while receiving a popularity score of less than 1 out of 10. The findings reveal a gap between user experience and market penetration that can effectively keep the best option hidden from the consumer.

The VPNRanks report gives users insight into satisfaction and popularity while providing a balanced assessment via its VPNScore. “Users should choose based on their priorities, whether it’s user satisfaction, market presence, or a balanced option,” the report states.

VPNRanks Shows Providers How to Become More Competitive

In addition to serving as a guide for consumers, VPNRanks also maps out a pathway for VPN providers seeking greater market share. The VPN providers that consistently appear in the top spots on the VPNRanks charts are those that have achieved a balance between popularity and user satisfaction. Those who neglect one or the other cannot keep pace with market leaders.

The report explains that those with high satisfaction scores but low popularity “might be well-loved by their users but need to increase their market visibility to compete more effectively.” Achieving overall success in the VPN market requires balancing user satisfaction with market presence, it advises.

Conclusion

As the need for VPN services continues to grow, businesses can expect to see more providers enter the market, making the task of identifying the best option more difficult. The insights VPNRanks provides stand as a timely beacon, guiding users to providers who can satisfy their needs and support their operations.

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