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DEBT CONSOLIDATION LOANS vs. DEBT CONSOLIDATION
PROGRAMS
When you utilize a debt consolidation loan to settle
your debts, you are making use of a do-it-yourself
procedure. If you have excessive debt, you are
probably not the best financial planner. Therefore, any
self-help money managing plan you come up with may not be
the ideal plan for you. Utilizing the services of credit
counselor via our debt consolidation program is probably
the better option.
What our debt consolidation program can do for you!
We will negotiate with your creditors: to reduce your
debt, lower interest rates, and eliminate late fees and
penalties. We will also work to get your accounts
up-to-date. We will help you get out of debt fast, while
saving you thousands during the process!
Not only will our credit counselors educate
you about financial control, they will also help you
set your long-term monetary goals. Our debt consolidation
program is a financial crash-course that offers amazing
long-term benefits!
Your credit report is not pulled when you submit a
request for a
free evaluation. It is wise to take advantage of the
input you will receive from our credit counselors. We
will help you determine if it would be wiser for you to
enroll in our program, or
apply for a debt consolidation loan.
Are there any negatives to enrolling in a debt
consolidation program?
Not long term. Your credit report will be marked by your
creditors as being enrolled in a debt consolidation
program. However, partaking in credit counseling exhibits
a responsible behavior and is regarded highly by some
creditors. Any negative impact will be short-term and
heavily outweighed by the long-term influence! You can
learn more about the
pros and cons of a debt relief program.
GET A FREE, NO OBLIGATION QUOTE!
What is a debt consolidation loan?
There are two main types of
debt consolidation loans:
personal loans and
mortgages. Debt consolidation loans will combine all of your
debts into one payment. The interest rate your receive
for your loan will be lower than the rates of your
outstanding debts. Therefore, the monthly payments
associated with your unsecured debts will now be less
than what is was before!
If you are a homeowner, you have more options for getting
out of debt:
1. Get cash-out of the value of your home by
refinancing
your mortgage. Refinancing offers great
tax benefits.
However, you need to determine if
refinancing is a good idea.
2.
Utilize a
home equity loan for the purpose of
consolidating debt.
If you are considering utilizing a mortgage to
consolidate your debt, we suggest you read more about
cash-out refinancing vs. home equity loans.
We also feature many tips and advice that will
help you deal with financial emergencies.
What are the benefits of debt consolidation loans?
Utilizing a loan to consolidate your debt will give
you more flexibility of payment amounts and schedules.
Choosing a long loan term will allow you to have lower
monthly payments, giving you financial breathing room.
What are the cons of a debt consolidation loan?
**You should
carefully plan your long-term financial goals and
budgeting when utilizing a loan for consolidating debt.
If you don't, a debt consolidation loan will only be
financial suicide for you, putting you further into
financial problems.
Therefore, it is good idea to consult with one of our
credit counselors before committing to a mortgage. There
is no fee to receive a free consultation and your credit
is not pulled. Advice will be offered to you that can
make you wiser, allowing you to take advantage of value
of your home for eliminate your debt. You can learn more
about
the downside of debt consolidation loans.
Be practical! Don't make these decisions on your own!
Take advantage of the free advise that we have to offer!
GET A FREE CONSULTATION FOR DEBT RELIEF!
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