Debt
consolidation programs are mostly lending programs aimed to let you borrow large amount of money to pay off your other smaller debts. These programs can help you deal with your financial troubles and get you back at your feet but it also has its drawbacks.
Debt
consolidation programs can be ideal for you if you are paying several different debts. It will be a little easier if you consolidate everything into one loan. Then, you’ll only get to pay one monthly bill. You can easily manage your cash flow and take control of your finances. You will also find it helpful since consolidation programs gives you longer payment scheme, with lesser monthly payment required. It could free up some cash so you’ll still be able to live a comfortable life.
One of the things that can be beneficial in the use of a consolidated loan is when you have multiple credit card debts. Consolidating these debts into one loan with a lower interest rate will save you some cash. Compared to credit card companies, a consolidation company will charge you with a lower interest rate.
The use of debt consolidation
programs may give you relief or may hurt you even more. You should be mindful that consolidating your debts into one loan does not eliminate your debts. You only move these debts into a more equitable credit.
One drawback of this program is that you may think like you have fewer obligations to pay. You may consider using your credit cards again since it has liberal available credit. It may occur to you that since you no longer have credit card bills to settle, you may consider using you cards again. This will be the downfall of your goal to start a debt
-free life.
Another drawback of consolidating your debt
is you will be paying this loan for a longer period of time. It means that the accumulated interest it may incur could sum up to a larger amount. But this can also mean that you can easily manage your available funds.
Finally, you have to remember the risk of taking this step. Debt
consolidation programs usually require collateral. You may be using your home equity loan to secure a loan from these companies. In the event you fail to comply with your obligation, it could mean that they can take your home away.
Debt Free Solutions is a debt consulting company located in Long Beach, CA. We have been in business for 10 years. We assist Americans across the U.S. to eliminate excessive credit card and other unsecured debt.
We utilize various programs and strategies to aid them in dissolving their debt in the quickest, safest, and most efficient method possible. We also analyze the risk factor. We structure our programs to drastically minimize the risk that is inevitable with all debt elimination programs.
We offer our clients much more than a debt settlement company does. The vast majority of debt negotiation companies simply settle your debts on your behalf with your creditors- nothing more.
On the other hand, we provide free services to significantly help to minimize the risks that are involved in negotiating with your creditors.
First, we offer a free, no-risk 10 day trial service. During our free trial, we negotiate with your creditors on your behalf to lower your interest rates. Also, we research to see if you have any old debts that you are not legally liable to repay. If, for any reason, you are not completely satisfied, you simply walk away. No commitments. No contracts.
Next, we provide a comprehensive credit repair service to all our clients. This is a $795 service that is absolutely free!
Also, we offer free attorney consultation (a maximum of five sessions) in case one or more of your creditors makes any threats.
Last, we provide a written guarantee that our clients’ creditors will settle for an average of 50% or more for all of the debts they attempt to negotiate.
Our services are competitively priced- and include the above free services!
Joseph Hernandez
CEO
Debt Free Solutions
www.debtfreesolutions.mobi
(800) 668-8090
It’s critical that you choose the best way to get out of debt. You need to weigh the pros and cons of each program to determine which program is best. Choosing the wrong program may cause a financial disaster!