What is Debt Consolidation and How Can It Help You?

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iQuanti: Debt consolidation is the process of merging two or more smaller debts into one large debt. This is typically done with a debt consolidation loan or low-interest credit card. These types of loans can be found at traditional banks, credit unions, and online lenders. This article will cover some of those options and explain how debt consolidation can help you.

Merging your debts with a consolidation loan

One goal of using a debt consolidation loan to pay off other outstanding debt is lowering your total monthly payments. Ideally, you'll want to reduce the interest rate you pay on the debt. Credit card interest is high. Personal loan interest is typically lower, and you can stretch the loan out over several years. That could result in a smaller monthly financial obligation, but depending on how long it takes to repay the loan, it could cost you more when all is said and done.

Transferring debt to a low-interest credit card  

You may be able to transfer high-APR credit card debt to a different credit card with a lower APR or a credit card offering an introductory or promotional zero APR balance transfer option. Those rates are typically available for those with very good or excellent credit scores, but it doesn't hurt to search for either option, even if your score is average or low. If you ask, the issuer of your current credit card might even have a lower APR option for the balance you already have.

The potential savings benefit of these options is obvious. Be careful, though. Low or zero balance transfer rates are temporary. While the APR may be in effect for six months or a year, if your balance hasn't been paid in full when the introductory or promotional period ends, the APR will go up to the higher contract rate.   

Remember, even if the APR is low or 0%, there is a percentage-based or flat transaction fee you pay at the start, you still have a monthly minimum to pay, and the card may have an annual fee, too. Read the terms and conditions of these card offers very carefully.   

How can debt consolidation help you?  

Debt consolidation can provide a fresh start to someone struggling to make ends meet. It's not difficult to get deeply into debt with credit cards. Between online shopping and paying for everyday expenses like gas and take-out food, those balances go up quickly. Taking out a debt consolidation loan to condense them all into one monthly payment can make budgeting simpler. 

Debt consolidation is not meant to cure all your financial problems. One caveat is that a change in spending behavior is required to make it work. It may be beneficial to put away credit cards after you pay them off with a consolidation loan. Using them again will simply add to your debt. Many consumers fall into this trap.     

Is debt consolidation right for you?

Debt consolidation isn't the answer for everyone, but it can be a good option for you after doing further research. Weigh the pros and cons of taking out a debt consolidation loan to pay off credit cards and look into low-APR or zero-APR balance transfer credit card offers.

Debt consolidation is only part of the solution when it comes to getting out of debt. To truly get finances under control, forming better spending habits is essential. This means being mindful of spending, creating a budget, and then sticking to it.


Contact Information:
Keyonda Goosby
Public Relations Specialist
(201) 633-2125

Original Source: What is Debt Consolidation and How Can It Help You?

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ARuVR Becomes First XR Platform to Be Awarded ‘Accredited’ Provider Status by LPI

- ARuVR® awarded 'Accredited Learning Technologies' provider status for its enterprise-grade Extended Reality (XR) training platform - LPI recognises ARuVR® as forerunner in rapidly growing XR industry

ARuVR®, a multi-award-winning end-to-end Extended Reality (XR) training platform for enterprises, today announced that it has been awarded the status of Accredited Learning Technologies Provider by the LPI (Learning and Performance Institute), the leading global authority on workplace learning and development.

ARuVR® counts Coca-Cola, BT, Royal Air Force, Five Guys, ScotRail, NEOM, Amazon, and PWC among a rapidly growing international customer base and is the first and only XR provider on both the UK Government's CCS digital outcomes and specialists framework, and Crown G-Cloud-approved supplier lists. ARuVR® enables organisations to quickly and easily leverage the location-agnostic convenience and results-driven benefits of XR (Virtual and Augmented Reality) all from a single platform, to create and deliver immersive training programmes. 

ARuVR®'s LPI Accredited Learning Technologies Provider status recognises the company's dedication to high quality and process improvement in providing learning, development, and training services to clients. This accreditation covers the Extended, Augmented and Virtual Reality products and professional services supplied by ARuVR® to their clients on a worldwide basis. ARuVR® followed a rigorous and in-depth process and was assessed on several key performance indicators, including business integrity, client value proposition, delivery capability, quality and performance management, people development, and business stability. ARuVR®'s overall KPI score was near an outstanding 100% across all sections.

Edmund Monk, CEO of the LPI, said: "We have extremely high standards for accreditation, and we are proud to commend ARuVR on their achievement. We work with our accredited organisations to ensure that they not only meet our standards but that they continue to improve. This way, organisations can be confident that they are working with the best." 

The LPI is the foremost accreditation and membership body for the learning and development profession with a global reputation. The accreditation process employs a highly robust framework, developed over many years by learning experts and validated by data from thousands of organisations to measure, benchmark and improve the capability and performance of learning professionals and learning providers.

Frank Furnari, CEO & Founder, ARuVR®, said: "As the market for XR training solutions grows exponentially, we are delighted to be the first in the sector to achieve accreditation status by the LPI. We are committed to providing our global clients with not only the highest levels of quality and service but also to bring AR and VR to the training industry, in a way in which any organisation can embrace and benefit from."

Contact Information:
Andrew Durkin
0044 7887998407

Original Source: ARuVR Becomes First XR Platform to Be Awarded 'Accredited' Provider Status by LPI

Keen’s Buildings Extends Partnership With RJ Hampshire for the 2023 Pro Motocross Season

"RJ is an incredibly talented rider, and we have no doubt that he has what it takes to bring home the championship this year," Keen stated.

Keen’s Buildings Extends Partnership With RJ Hampshire for the 2023 Pro Motocross Season
RJ Hampshire #24

RJ Hampshire, Kicking off the 2023 Pro Motocross Championship Season with Keens Buildings and the Rockstar Energy Husqvarna Factory Racing Team

Keen's Buildings, a leading provider of high-quality storage solutions, is thrilled to announce the extension of their partnership with RJ Hampshire #24 for the upcoming 2023 Pro Motocross Championship season. RJ Hampshire, an accomplished rider representing the Rockstar Energy Husqvarna Factory Racing Team, has proven to be an outstanding brand ambassador for Keen's Buildings.

Kevin Keen, CEO of Keen's Buildings, expressed his excitement about the continued collaboration with RJ Hampshire. "We are excited to extend our partnership with RJ for the 2023 Pro Motocross season," said Keen. "RJ has been an incredible asset to our brand, and we are confident in his abilities to excel on the track."

As a prominent figure in the motocross industry, RJ Hampshire has showcased immense talent, determination, and sportsmanship throughout his career. His achievements on the track and his dedication to his craft align perfectly with Keen's Buildings' values and commitment to excellence.

The partnership between Keen's Buildings and RJ Hampshire has proven to be mutually beneficial. It not only highlights the shared passion for motorsports but also underscores the importance of quality, durability, and reliability - qualities that both Keen's Buildings and RJ Hampshire embody.

With the 2023 Pro Motocross season on the horizon, Keen's Buildings and RJ Hampshire are eager to pursue their shared goal of championship success. Kevin Keen has expressed his confidence in RJ's abilities and believes that "RJ is an incredibly talented rider, and we have no doubt that he has what it takes to bring home the championship this year," Keen stated.

The 2023 Pro Motocross Championship, Race Schedule kicks off tomorrow, May 27, 2003, at the Fox Raceway in Pala, CA.

The extended partnership between Keen's Buildings and RJ Hampshire signifies the continued commitment to excellence and the shared vision of pushing boundaries and achieving greatness in the world of motocross.

About Keen's Buildings:

Keen's Buildings is a trusted provider of high-quality storage sheds, metal garages, carports and steel buildings, offering customized solutions to meet diverse storage needs. With over 75,000 installs and an unwavering commitment to craftsmanship, durability, and customer satisfaction, Keen's Buildings has established itself as a leading name in the industry.

About RJ Hampshire:

RJ Hampshire, representing the Rockstar Energy Husqvarna Factory Racing Team, is a highly talented and respected motocross athlete. With an impressive track record and a relentless drive for success, RJ has established himself as a prominent figure in the sport.

Contact Information:
Craig Heineman
(386) 364-7995

Original Source: Keen's Buildings Extends Partnership With RJ Hampshire for the 2023 Pro Motocross Season
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