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Debt Consolidation

 

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DEBT CONSOLIDATION & RELIEF
Are you difficulties making your monthly payments for your high-interest credit cards and unsecured debts? Does your debt seem to never get any less? Are your interest rates through the roof? Having excessive debt is very stressful! Do you want help? WE CAN HELP YOU!

We offer a program that will help you get relief by reducing your monthly debt payment by up to 57%. There is no harm in hearing what our credit counselors have to say when you submit a free, no obligation consolidation analysis request. Most likely, we will be able to help you quickly regain control of your finances, while saving you thousands of dollars during the process! We will also educate in you how to avoid falling back into debt.

**If you have excessive debt, filing for bankruptcy may be a better option for you. Speak to a bankruptcy lawyer for free!

Having high debt severely hurts your credit score and chances for obtaining loans!
Not only is bad credit a direct consequence of having high debt, you put your chances of approval for any type of loan or credit in jeopardy. Also the interest rates you receive even if you are approved are likely are going to be sky high! YOU WANT TO ELIMINATE YOUR DEBT AS MUCH AS POSSIBLE, AS FAST POSSIBLE. As soon as your debt goes down, your credit starts to go up! Consolidate your debt today!

What exactly is debt consolidation?
Debt consolidation is when a Consumer Credit Counseling Company, like Star Loan Services, negotiates with your all of your creditors, in order of achieving the most minimal monthly responsibility needed to satisfy each of your unsecured debt accounts. We will then combine all of your negotiated, lowered bills into one payment.

What kind of debt is acceptable for a debt consolidation program?
Any type of unsecured debt is OK when consolidating debt. Some types of unsecured debt are credit cards, personal loans, student loans, business loans, utility bills, taxes, etc..

Any form of secured debt can not be consolidated. Some secured debts include car loans, home loans, etc..

How can I find out how much debt I have?
If you are unsure of how much debt you actually have, you need to get a copy of your credit report. Your credit report will have a full breakdown of who your creditors are and how much you owe them. Also listed will be your payment history.

A good rule of thumb is that is your have more than 25% of your total combines account limits utilized, then you should consider a debt consolidation program. Get a free quote!

How long does is take to get out of debt once partaking in a debt consolidation program?
There is no way to give a definitive time frame as to how long it takes to achieve debt relief. It is going to be very different for each person. Each person is going to have different amounts of debt, with different interest rates, with different creditors. Each creditor is going to offer varying compromises for payments. However, on average, the amount of time it takes a debt consolidation program to eliminate debt as opposed to paying minimums on credit cards can be years!

Is debt consolidation a good idea? Does it hurt my credit?
Creditors consider consumers that enroll is debt consolidation programs as people looking to regain control. This is a good thing. However, partaking in a debt consolidation program can also be seen as negative for the fact that your credit card debt is out of control. You can learn more about the effects of debt consolidation.

Please contact us. We can help you decide if enrolling is the best option for eliminating your debt. We may be able to come up with alternate solutions for you.

Are there alternatives to enrolling in a debt relief program?
If you are a renter, your options are limited. You can consider applying for an unsecured debt consolidation loan. However, if you have excessive debt, then in  all likelihood, you have poor credit. Getting approved for a bad credit unsecured loan to consolidate debt is difficult. In fact, applying for a personal loan you can not qualify for can hurt your credit even more.

On the contrary, homeowners have several alternatives. Homeowners can utilize the equity of their home to apply for a mortgage that will allow them to consolidate their debts. Or, they can refinance their mortgage and get cash out to be used for paying off debt.

You can learn more about the benefits of refinancing your mortgage for debt consolidation and what the difference is between an equity loan and a line of credit.

Get control of your finances today!
GET A FREE QUOTE FOR CONSOLIDATING YOUR DEBT!


 

Debt tips:
Credit Card Debt Calculator - Use this calculator to determine exactly how long it is going to take you to eliminate your credit card debt based on the payments you are making. 

The Consumer Credit Delinquency Bulletin issued by the American Bank Association recently reported that more people have made late payments on their consumer loans in the last quarter of 2006 than ever before.  

Do you understand how divorce and debt works? We feature information regarding the process for paying off individual and joint debts during a divorce. If you are getting married, or already are, it would be a good idea to review the information on this page so that you know what types of accounts are going to be best for you and your spouse.

Are you putting anything away in a retirement fund? Do you even think about your financial future for your golden years? Its never too early or too late to start budgeting to save for retirement! We will teach you how to budget your finances so that you can begin putting away for retirement today!

 


 

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