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What You Should Know About Debt Consolidation

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Credit card debt relief

Credit card debt relief is a means of combining all your debts into one monthly payment that best suits your budget.  Debt consolidation could possibly be done with a debt consolidation loan.  This is where your debt relief company will pay off the total amount to your creditors and you are due to pay your debt relief company back until all debts are paid.  You could also take out this task by using a bank’s home equity loan option to pay off your debts and eliminate the high-interest rates.

Common methods for debt relief consolidation

When it comes to home equity loans it can be tricky when you are trying to consolidate unsecured debt when it comes secured with your house.  If the payments are more than you can afford your home can be taken back from the bank.  It may be a huge advantage as much as a huge risk so be sure that you are able to make the requested payments and on time every month.  If you lose your home that is one risk that you wouldn’t have if you continue to pay all your creditors separately.

When you hire a debt relief company, A loan isn’t the only option your company may use as a tactic to get you out of debt as quickly as possible.  Your debts will remain separate, but your payment is consolidated by your consolidation company.  You will send a payment once a month to the company and then they will divide your payment and send it to all the creditors you owe.

Your debt isn’t necessarily reduced while you consolidate

You need to remember, even when you get back to being able to climb out from under the debt of many credit card bills that arrive every month, that you still have the same amount of debt, but it is just being handled differently.  Instead of paying on multiple accounts every month, you just pay one payment.

There are many companies that have great abilities to negotiate with your lenders to lower interest rates for you.  These companies use their expertise to convince creditors that this option is the only option you are offering for repayment of your debts.

Better or Worse? 

Debt relief is beneficial only when the debt that is consolidated has a lower interest rate, a lower monthly payment, or both.  Your month debt payment will be easier to pay, but it is often achieved by making your repayment period just a little longer.

Scams are common.  Don’t fall victim.

In the debt relief industry, there are many scams that consumers will fall victim to.  Many have run a company for help and the company pushed them to get high-interest loans and in the end, it ends up costing the person in debt a lot more money in the long run.  Some other companies may pocket the money you pay every month and never pay your creditors.  This leaves you with horrible credit and in worse shape that you started.  It is very important to pick the right consolidation company by reading reviews and making an appropriate choice on who will handle your debts ethically.

Many consumers will fall deeper into debt while using a consolidation company because they have freed up their many payments into one.  This is an illusion that since there is extra money at the end of the month accruing just a little more debt will not be that bad of a downfall.  When it comes to interest rates this couldn’t be further from the truth.  This is a compounding problem with debt.  When your credit is freed up to be sure to not go out and keep charging up your cards.  You are putting yourself farther away from your goals to be debt free.

Alternatives to Debt Consolidation

There are other means of getting yourself out of debt.  It just all relies on what option is right for you.  Do you have a lot of extra money to throw at these debts and get them paid as quickly as possible?  If you answered no, then you must find other options.  The sooner you pay off your debts you save money in the long run with less interest in the whole process.

Plan to pay your own debts

This is the hardest option out of all options when it comes to ridding yourself of your financial woes.  There are better ways to handle your debts to all your creditors but making minimum payments on all your credit cards will never get you out of debt.  Throw a little more money at one card at a time until is paid off, even if you must make minimum payments on your other cards until your debt is completely gone.  It will give you a feeling of a big achievement with each card you knock off your list.

Settle your debts

Settling your debt is a strategy of negotiation where you will pay off your creditors your outstanding debt by offering a fraction of the cost for your account to be satisfied.  Settling your debts will lower your credit score for a while so if your goal is to fix your credit score as quickly as possible this may not be your best option.  This option will charge for your cards or even your ones that are already in collections.  This alternative you can do on your own or have the help of a debt relief company.  The debt relief company will have the knowledge to help you if you have no clue on how to go about this tactic.

Use a consumer credit counseling service

Credit card debt relief agencies can negotiate better than if you try it on your own.  They can have you pay a fraction of the total debt and usually the amount they get the settlement for is more than you would get if you call yourself.  Debt settlement is a great alternative if you have many cards in collections and not so many that are open accounts.

 

 

 

 

 

 

Events

Jackie Siegel’s New Premium Brand, Queen Of Versailles Coffee Is A Luxurious Coffee Delight

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Jackie Siegel, American heiress and businesswoman AJ Catsimatidis, Prince Mario-Max Schaumburg-Lippe and brand partner Michael Glovaski

I was invited to an intimate tasting of a fabulous new premium brand coffee co-hosted alongside Queen of Versailles Coffee’s Brand Partner, Michael Glovaski. I headed to 8 East 48th Street to Benny John’s where socialite, actress, model and philanthropist turned entrepreneur, Jackie Siegel — AKA, ‘The Real Queen of Versailles’ brought her new venture Queen of Versailles Coffee to New York’s influencers.

Jackie Siegel

The ground coffee and espresso beans are picked, sorted, and specially blended on-site in the volcanic mountaintops in Acatenango, Guatemala. The flavor has a rich taste of sweet honey, warm vanilla, and smooth bourbon notes. It was truly the best coffee I have ever tasted.

American heiress and businesswoman AJ Catsimatidis, Prince Mario-Max Schaumburg-Lippe, and Suzanna Bowling

Adam Weiss and Angela Gorman

On site was also American heiress and businesswoman AJ Catsimatidis, Prince Mario-Max Schaumburg-Lippe, the writer of the new musical Queen of Versailles Lindsey Ferrentino, Gordon Winston, Italian restaurateur and master coffee blender Matteo and Pilar.

Jackie Siegel and Gordon Winston

Jackie Siegel, American heiress and businesswoman AJ Catsimatidis, Prince Mario-Max Schaumburg-Lippe

Siegel, alongside Miami-based Glovaski and the Italian-Guatemalan Droccos, are introducing an unmatched level of luxury to the coffee industry. Catering to the modern connoisseur, the brand provides not just a superior coffee experience, but an escape into the world of supreme elegance with every canister.

The event was well done, serving treats but most of all, a taste of this exquisite coffee, that you will be addicted to once you taste it.

Available at https://qvcoffee.com/

#jackiesiegel/ #qvcoffee/ # queenofVersaillescoffee

 

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Art

Bonnie Comley, ART TO WARE and ChaShaMa Present Nothing to Wear

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Until April 30th Bonnie Comley, ART TO WARE and ChaShaMa Present Nothing to Wear in Port Authority’s 41st Street building.

Bonnie Comley and Anita Durst

Bonnie is a three-time Tony Award-winning producer. She has, also, won an Olivier Award and two Drama Desk Awards for her stage productions. She is on the Board President of The Drama League as well as a full member of The Broadway League and the Audience Engagement and Education Committee.

Nothing to Wear

Comley has produced over 40 films, winning five Telly Awards and one W3 Award. She is the founder and CEO of BroadwayHD, the world’s premier online streaming platform delivering over 300 premium live productions to theatre fans globally. Now she is an artist presenting her work at ART TO WARE (A2W) a wearable Art Gallery that curates up-cycled, hand-made, one-of-a-kind statement pieces to be seen, loved and taken home!

Bonnie Comley and Lelie Ware

Founded in 2021 by Lesley Ware, this Black-owned and women-run small business carries small-batch, socially conscious, up-cycled, and locally-made wearables and gifts. A2W curates an environment of creativity, acceptance, and collaboration within a dynamic retail setting that showcases the work of artists, designers, and creative visionaries.

Making this all happen is ChaShaMa and Anita Durst who helps create a more diverse, equitable, and inclusive world by partnering with property owners to transform unused real estate. Currently, they present 150 events a year, have workspace for 120 artists, and have developed 80 workshops in under served communities. They award 11 million worth of real estate to artists, subsidizes 300 artist work spaces, provide over 215 free art classes, gives 200 artists free space to present and upport over 75 businesses with free space.

Nothing to Wear is a provocative look at our relationship with our clothing choices as it pertains to our self image, fast fashion and textile waste. It challenges the fashion industry to create an alternative to current business models and the global appetite for consumption and asks viewers to question dress codes like the current policing of women in political office.

Jose Febrillet from Port Authority

 

 

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Food and Drink

Spring Petals and Hairy Crab: Kintsugi Aligns with a Golden Touch

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Tucked away in a slate-colored corner of otherwise colorful SoHo, Kintsugi stands in contained eloquence as a testament to the exquisite fusion of traditional Japanese cuisine and modern culinary artistry. Named after the ancient Japanese art of repairing broken pottery with gold, Kintsugi embraces imperfections, celebrating the beauty of resilience and transformation in post-pandemic NYC.

At Kintsugi, guests are treated to an omakase experience unlike any other, where every dish tells a story of meticulous craftsmanship and innovative flavor pairings. The menu, curated by Executive Chef Victor Chen (formerly of New York Sushi Ko), offers three tiers of premium omakase, each highlighting seasonal ingredients and Chef Victor’s imaginative creations.

The dining experience began with the house signature cocktail, made with sake, yuzu, and violet syrup—a whimsical nod to the restaurant’s otherwise classic Japanese ambiance. The upbeat jazz music playing in the background added a lively contrast to Chef Victor’s quiet focus, creating a dynamic and engaging atmosphere.

The exciting spring menu babied us with glow-in-the-dark Firefly Squid as well as eels so delicate one would think they’re about to enjoy a bowl of glass noodles. A hairy crab peered at us over one course, sheltering a tangy salad made from its tender meat. Such creatures are common fare on the spring tides of the large Japanese coastline, chef informed us. An array of seasonal sea urchin species always brings a knowledgable crowd to Kintsugi, so book early for that summer treat.

While the atmosphere became increasingly lively as the evening unfolded and the guests got to know each other and the staff, the omakase culture at Kintsugi is one of careful curation and attention to detail. Guests can expect to pay a deposit and be patient, as Chef Victor and his team are focused and diligent in providing a truly exceptional dining experience. From bespoke sushi tailored to individual tastes to over 40 pieces of expertly crafted nigiri, every dish at Kintsugi is a work of art.

As you embark on your culinary journey at Kintsugi, be prepared to be transported to a world where every bite tells a story of tradition, innovation, and the beauty of impermanence. The latter of which is precisely what Chef Victor loves about sushi. “All of that work and it all goes into one bite” he says quietly as he gently sears a fat slice of sable fish. “Perhaps it is chewed a few more times, rolled around and savored for that moment and then its forever gone.”

In artful consideration of framing, each course is presented on dinner ware in collaboration with EM Ceramics and Spark Bird Studio who created an exclusive line of handcrafted, gold-fused dinner ware for Kintsugi. Experience for yourself the zen magic of this divine space and discover why, as host Klaus puts it, “everyone needs some Kintsugi after Covid.”

Kintsugi recently launched The Lunch Rush Omakase, a 12- course one- hour experience for $60. It is served on Friday, Saturday and Sunday, from12–3 p.m. Also available is an optional seasonal beverage pairing (3) for $35 per person.

Kintsugi Omakase

28 Grand Street New York, NY www.kintsuginyc.com 646-983-4616
@kintsuginyc

Hours of operation:
Lunch: Friday, Saturday and Sunday 12–3 p.m. Dinner: Monday-Sunday 5–11 p.m.
Closed on Wednesdays

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Food and Drink

Dream Tea NYC Dazzles with Delicious Sips

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Calling all tea lovers!

Anney Norton has created a fabulous brand that is both delicious and a user-friendly way to create their  blend. Welcome to the wonderful world of Dream Tea NYC.

She has elegantly found a way to craft your own blend of tea from the highest quality organic ingredients. Each canister delivered to your door is full of flavor that is uniquely curated to your heart’s desire. From chamomile with whisps of apples, honey to responsibly sourced rose and lavender, there are hundreds of premium ingredients from dozens of quality sources to take the dreamer on an epic journey to discover amazing tea.

Custom tea blends are sent to your door. What is delivered to your doorstep is magical. Simply take their blend quiz by share a little bit about yourself and your flavor preferences. They then create the perfect custom blend for you.

It’s not just the special blend that will rock your world. The cutest and perfectly paired accessories help further produce a sophisticated culinary experience.

The Dreamy Tea Scoop is the perfect addition to your tea set. Using natural, non-toxic, food-grade steel, this brushed gold scoop is a safe and effective way to get the perfect amount of tea for every personal serving. In addition, Starry Sachet Bags are the only tea sachets using natural, non-toxic cotton fibers to help make a safe and effective way to brew the perfect cup.

Here is to creating your perfect sip today. For more information, please visit here.

 

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Events

FAO Schwarz Launches Teddy Bear for enCourage Kids Fundraising

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This is the cuddly gift that keeps giving.

FAO’s flagship store in the heart of New York City has launched the sale of a new look on Teddy with an enCourage Kids’ partnership. The high-quality plush toy is for the Send a Smile, Send a Bear program. Right now, Teddy is on sale at 30 Rockefeller Plaza.

Teddy will soon be able to help even more pediatric patients navigate the stress of treatment, illness, and hospitalization. The program also delivers stuffed animal bears to hospital partners nationwide to help pediatric patients navigate the stress of treatment, illness, and hospitalization.

FAO’s motto is to be a source of wonder for each new generation, along with being a relentless supporter of quality and innovation in the life of every child. enCourage Kids envision a world where every child experience joy, hope and emotional healing along their medical journey. Together, we look forward to providing each child with this Bear, the ultimate symbol of hope, strength and courage.

Since 1985, enCourage Kids Foundation has helped humanize healthcare for children and their families by resourcing impact-driven pediatric programs and supporting the child life community. Serving more than one million children annually, enCourage Kids is focused on making hospitals a better place to get better.

 

Photos by Mychal Watts

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