A Guide to Debt Consolidation Loans
Should you find yourself overcome by debt, you might want to consider debt consolidation loans. These loans are designed with the person in debt beyond their means in mind, allowing for repayment of the outstanding debts while combining multiple...
Debt Consolidation: A Simpler Solution
When you feel like you are swimming in a sea or bills and debt,
there are potential solutions to ease the chaos, and even save a
bit of money, while making your life a lot simpler.
Debt consolidation is a method of immediately paying off...
Debt consolidation loan as a way out of debt
A debt consolidation loan is a single loan you can take out to cover the rest of your loans. A debt consolidation loan can offer a lower monthly loan repayment amount and less in interest payments. Therefore this type of loan is suitable over your...
Guide to Unsecured Debt Consolidation Loans
While approaching loan provider for an unsecured debt consolidation loan , there
were several fears in your mind. Many of your colleagues were
against unsecured debt consolidation loans because of the very
high rates that they come with....
Overwhelmed by student loan debt? Consider a Consolidate Student Loan.
A consolidate student loan is the perfect solution for people who need help managing their debt. If you have several different loan payments but want to make only one payment per month, you should apply for a Federal Consolidation Loan. With...
|Debt Consolidator - How To Compare Debt Consolidators Online
Debt consolidation companies negotiate lower interest rates for
your unsecured bills, such as credit cards. By reducing your
interest rates, you can pay off your debts sooner. These debt
consolidation programs don't use a consolidation loan, so you
can avoid additional credit issues. The following guidelines
will help you find a reputable company that will not take
advantage of your financial situation.
Whether a debt consolidation company is non profit or for
profit, they will charge monthly fees to service your payments.
Fees range from $14 to $69 depending on the number of creditors
involved. Upfront fees or a percent of your monthly payments are
usually a sign of a fraudulent non-profit company. For profit
companies do charge a fee since they aren't subsidized by
There are several legitimate debt consolidation companies out
there. You want to make sure you are getting the best fees, so
don't settle for the first quote you receive. To get accurate
quotes, be prepared with a list of creditors, account balances,
and interest rates. You can also decide how many accounts you
want to consolidate, leaving a couple out to use for personal or
best debt consolidation programs will ask questions before
they give you quotes. Only by knowing your financial situation
can they determine how long it will take to pay off your bills.
You should also be wary of companies that steer you toward debt
settlement if you can't pay their fees. Such programs don't
improve your credit, and you also get charge fees for something
you could do on your own.
Demand Pay Off Dates
One sign of a good debt consolidation program is their ability
to offer pay off dates. Each account will have a different date
since account interest rates and balances will vary. However,
general dates, like less than five years, are a sign of a shady
As with anything, if the claims are too good to be true, they
probably are. By researching companies and asking questions you
will not only protect yourself from scams, but also find the
best company to help you reduce your debt.
About the author:
See my recommended Debt
Consolidation Companies online. Carrie Reeder is the owner
of ABC Loan
Guide, an informational website about various types of