What is Debt Consolidation?
Debt Consolidation is a general term used to describe the process of combining multiple unsecured debts such as credit cards, medical bills, personal loans, etc. – into one single monthly payment.
There are 3 types of debt consolidation:
Although, all 3 options result in Debt Consolidation to get you one monthly payment. All 3 options work very differently so it’s important to understand your options and pick the best option for you and your goals.
What types of debt are eligible for debt consolidation?
- Credit Card Bills
- Department Store and Gas Cards
- Personal Loans
- Collection Accounts
- Payday Loans
- Medical Bills
Is Debt Consolidation right for you?
Whether you are struggling to keep up with your monthly payments, fallen behind on your payments or simply looking to reduce your interest rates, Debt Consolidation could benefit you. Remember there are different forms of debt consolidation and they work differently. So make sure you speak with a Debt Specialist to help determine which option is best for you.
If you feel Debt Consolidation is the right program for you, speak with a Certified Debt Counselor today.
If you feel Debt Consolidation is the right program for you,
call to speak with a Debt Analyst today.