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Debt Consolidation
Debt Relief Info:
-Common
Questions
-Pros
& Cons
-Eligible
Debt
-Student
Debts
-Credit
Counseling
vs. Loans
Debt Education:
-Signs
of Too Much Debt
-How
Debt Hurts You
-Causes
of Debt
-Credit Card Debt
-Debt-to-Income
-Secured vs. Unsecured
-Filing
for Bankruptcy
...more
debt help
Compute Credit Card Debt:
-Total Interest Calculator
-How Long &
How Much?
Mortgages
Auto Loans
Personal Loans
Credit Reports
Credit Cards
Home
-Taxes
-Managing Money
-Credit Help
-Checking Accounts
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PROS AND CONS OF ENROLLING IN A DEBT CONSOLIDATION
PROGRAM
Debt consolidation is a great option for those that
are deep into debt, and don't want to declare bankruptcy.
However, just like with anything in life, enrolling in a
debt consolidation program has it pros and cons. You need
to evaluate both and determine if our debt consolidation
program is right for your needs. We suggest you
submit a free debt evaluation request. We can analyze
your situation and help you determine if our debt
consolidation program is right for you. We may have
options for you that you are not aware. For example, we
maybe able to offer you an alternative to eliminating your
debt, like taking advantage of one our
mortgage products
or
applying for a personal loan for
consolidating debt.
Pros of Debt Consolidation
The strongest positive factor of enrolling in our debt
relief program is that you will not have to declare
bankruptcy. When you file for bankruptcy, not only is
your credit effected for 10 years, you will have a hard
time re-establishing your credit after your bankruptcy is
discharged. It will be hard to avoid falling back into
debt again if your credit is very poor. Taking into
consideration these negative consequences of
bankrupcy,
the wisest decision would be to avoid it as best you can.
Another major plus of debt consolidation is the amount of
money you will save when making your monthly payments to
your creditors. We have a lot of experience with
negotiating with creditors and will likely be able to
lower your obligatory debt amount that you owe.
We will also be able to lower your interest rates and
eliminate your late fees and penalties. We can likely get
your creditors to mark your accounts as current as well.
When you take advantage of our debt consolidation
services you only have to worry about making one payment
every month instead of many. We will make sure that your lower payment
is one that you can afford.
As a member of our debt consolidation program, we will
teach you about managing your finances and help you learn
how to prevent future issues of debt from happening.
FIND OUT MORE!
Cons of Debt Consolidation
The pros of debt consolidation easily outweigh the bad. The
only minor set-back of enrolling in a debt consolidation
program is that your credit report will be flagged by
your creditors as participating in a credit counseling/debt
consolidation program. This is not even really bad. It
shows that you are taking the steps you need to get your
finances under control.
We offer many alternative to debt consolidation that will
help you deal with financial emergencies.
Let us help you make the right decision!
GET A FREE ANALYSIS OF YOUR DEBT!
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