One of the problems that many people who get deeply into debt is that they owe money to many different creditors. This can present problems, as it becomes very difficult to keep track of repayments, and interest rates – both big factors when considering how to reduce debts.
If you are in this situation, it may well be worth your while to consider a debt consolidation loan. This is put together by a debt consolidation loan company, and it means that you make one repayment every month, which looks after all of your debt obligations. The debt consolidation company will help you to renegotiate the amount of debt you have to see if the interest can be reduced and the payback time altered. They may help you to use any of your assets, such as your house or any suitable insurance policies you have as collateral to loans so that the loan is refinanced on better terms. You may find that the company also helps you to better your credit rating, something that will help you with your future financial health.
Debt consolidation can really help you out of the difficulties of stretching your monthly budget to meet repayments that cannot be managed, and it can give you peace of mind – no more threatening letters, no more moving debt round from one account to another. You can get on with your life knowing that you can see the light at the end of the tunnel.
Our featured Personal Debt Consolidation Loan partners:
DebtWave Credit Counseling, Inc.
DebtWave Credit Counseling, Inc. offers a program to its clients that enables them to repay their debt in a timely fashion. We specialize in working primarily credit cards; however, we are usually able to assist clients with any bills that are considered to be unsecured. Below is a list of benefits that we are typically able to obtain for our clients:
– Reduce your interest rates
– Lower your monthly payment
– Consolidate into one monthly payment
– Eliminate late & overlimit fees
– Stop harassing phone calls (if behind)
A debt consolidation loan may be the solution you need for mounting debts. By tapping into your home’s equity, this type of loan enables you to pay off all your existing debts with one loan. The interest on this new loan may even be tax deductible. At GuideToLenders.com, you’ll receive loan quotes from up to four competing lenders. And don’t worry if your credit is less than perfect. It takes under a minute to apply and you have nothing to lose. Get started.
MoneyNest can help you search through hundreds of lenders and to find the most competitive rates. Get loans for mortgage refinancing, second mortgages, a home equity line of credit, home improvement, or debt consolidation. No fees are required and all credit histories are considered.
Shopping for a loan has never been easier. MoneyNest is an online loan marketplace that allows you to send a single application to over 400 lenders. Submit your application and get access to low rates on a second mortgage, refinance, home equity line of credit, or a home improvement or debt consolidation loan.
Countrywide Home Loans
Qualified homeowners – even those with less-than-perfect credit – may now access their home’s equity to get cash, consolidate debts, and lower monthly expenses. Countrywide Home Loans may also help applicants who are self-employed or have high consumer debt. We offer competitively priced home loan programs, including fixed rate, adjustable rate, refinance and home equity loans.
Our featured partner for Investment Assistance:
The advantage of having an easy-to-follow, step-by-step investing process with easy-to-use Web-based tools is that you rely on facts to make decisions – not emotions. The benefits are less stress, better results and, dare we say it, fun.