Consolidate Debt without Debt Consolidation Loans
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Are you tired of making consistent minimum payments without making a dent in the balances owed? If so, you are in the right place. With the help of debt consolidation specialists, you can consolidate debt and get on track towards improving your credit. If you have been dreaming about a debt-free life, you will find the resources on this site that can help make those dreams a reality. We provide information on debt-consolidation that will help you save time and money and most importantly eliminate the pressures of overwhelming debt.
Debt consolidation may be just the solution you need for help repaying past due credit cards and loans. By reducing high interest rates, debt consolidation can assist in making payments more manageable. In addition, debt consolidation can provide you with one efficient, easy monthly payment. By far one of the most advantageous outcomes of debt consolidation is the ability to put an end to relentless calls from creditors and debt collection agencies. By calling or filling out our short form, consumers will start themselves down the road to financial freedom.
Get Out Of Debt Fast And Easy With Online Debt Consolidation
Online debt consolidation has many advantages. In addition to reducing your monthly payment, lowering your interest rate and eliminating debt recovery phone calls, debt consolidation offers the consumer the chance to ultimately improve their credit score. With an improved credit score, you will be well on your way to optimal financial health. The debt consolidation company you apply to can assist you in getting started today.
We utilize professional, time-tested debt consolidation programs that are specifically designed for consumers who are having difficulty making payments on time. With specialty debt consolidation programs, you can better manage your monthly expenses and save money over time. Our programs offer debt repayment plans with a variety of time limits for added convenience. Our website provides debt consolidation resources for consumers seeking relief from debts with minimal time and effort.
The House of Representatives has recently refused to raise the legal limit for government borrowing. This decision has sparked much debate over the future of the greatest debt reduction program to be established in the last two decades.
Republican house representatives stated that they would vote against any propositions that did not include a plan to greatly curtail spending and limit future borrowing. Democrats are also reticent to support any legislature that increases the debt limit without a solid plan for repayment. Polls demonstrate that the general public is also leery of the potential increase in the debt limit for government spending.
Refinancing is one form of consolidation when it comes to consolidate debt that offers homeowners a manageable solution for debt repayment. Refinancing utilizing the cash out method, allows consumers to receive much needed capital for the purpose of paying down debts on unsecured credit cards and loans. An additional benefit of refinancing for debt management is the possibility of receiving a lower mortgage interest rate. It is therefore more advantageous to refinance at a time when interest rates are low for optimal results.
Before making the decision to refinance, it is best to consider your individual situation as well as the current mortgage climate to determine whether this is the best option for you. This particular reduction strategy is best used by homeowners who have a large amount of available equity in their homes.
Overwhelming debts can be an excessive source of stress for many individuals. Professional counselors are trained to handle these situations and offer the appropriate solutions for debt relief. These debt settlement programs are tailored to each individual and work to eliminate excessive fees, high interest rates and large monthly payments. Oftentimes individuals feel that they are able to manage their debts on their own without the need for professional assistance. However one disadvantage to this approach is that the individual may not possess the necessary financial knowledge and skills to allow them to improve their situation. In addition, it is more difficult to negotiate repayment solutions with creditors on an individual basis. Although some debt settlement programs require an upfront investment, it is a wiser choice for better long term results.
Debt consolidation is a simple process. There are no complicated procedures and forms to fill out, instead it is a simple straightforward procedure resulting in maximum results with the least amount of time and effort expended. For consumers seeking to eliminate multiple monthly payments to several creditors, debt consolidation may be just the option for them. Debt consolidation loans can pay off past debt and provide the consumer with one single payment each month. Additionally, if you are seeking a lower interest rate or even a repayment extension, you may qualify for these benefits as well.
In an effort to curtail predatory lending practices, congress has enacted the Credit Card Accountability, Responsibility and Disclosure Act provisions (CARD Act.) Under the new legislature, credit card companies have certain restrictions in place including limitations on certain marketing tactics aimed at college age students.
These new restrictions are a good faith effort to reduce the amount of consumer debt by limiting predatory practices formerly carried out by several credit card companies. Ideally it will result in a substantial decline in the amount of debt consolidations needed by consumers.
Debt repayment difficulties are very common for many consumers. Often when large purchases are placed on a credit card, it can become difficult to manage the payments overtime. This is usually the result of an unforeseen event such as job loss or illness. When this occurs, it can be impossible to stick to a previously established personal budget and difficulties quickly ensue. Although it is possible for some to get out of debt on their own, the reality is that many are left struggling with overwhelming monthly payments and unmanageable late fees. Online debt consolidation services offer the consumer an opportunity to obtain relief from debts and loan with the help of professional counselors.
Overwhelming debt results in extreme stress and mental pressures that can affect the individual on a daily basis. The stress is often compounded by relentless phone calls at home and at work from creditors and collection agencies. Our website offers debt relief services that can also help to eliminate the mental stresses that accompany your financial problems. By managing your accounts, our counselor partner works directly with creditors to arrange a repayment plan. The process is a simple one in which debts are consolidated with one monthly payment and a lower interest rate. In addition, individuals may qualify for an extended repayment period for their loans.
Now more than ever, consumers are taking control of their finances and turning to debt settlement instead of consolidation loan to help them get back on the road to financial health. Statistics show that the rate of repayment of personal loans has increased rapidly form year to year.
In 2010, consumers paid over $122 million to their creditors. This number reflects an increase of 3% from 2009 and the numbers are gradually rising. Currently, repayment rates are at record highs, already increasing by 9.5% during the first part of the year. This trend demonstrates that consumers are aware of the need to resolve their due delinquencies and are utilizing debt consolidation as the primary method for doing so.
Studies show that more individuals have been choosing to use cash to pay for purchases instead of credit. Consumers are simply unwilling to incur additional debts in exchange for the convenience of credit cards. One factor in the decline of credit card usage is the rise of interest rates and fees associated with them.
In a recent study, Trans Union, one of the major credit reporting bureaus, noted a steep decline in credit card usage for general purposes. The study showed that almost 8 million people are choosing to use cash instead of credit to pay for items.