Consolidating debt with a new mortgage
Once you are in a position to do so, an option to reduce that cost is to use the money you will be saving to pay extra on your loan each month and pay the loan off sooner, thereby saving some money on interest over the course of the loan.The second type of debt consolidation you may hear about are debt management plans offered by debt settlement companies.The appointment doesn’t cost you anything, it’s completely confidential and without obligation.Our goal is to provide you with expert advice about your debts so that you can resolve your situation successfully.Providers of Care One Debt Relief Services are industry leaders committed to offering the best debt management programs available.
You’ll not only have more options and solutions available to you, it will ease your stress and you may even sleep better (we find this is true with more than 60% of the people that we help).
When people mention debt consolidation, they are usually referring to one of two different methods.
The first is the kind you describe, where you apply for a personal loan, preferably one with a relatively low interest rate, and then use the money from that loan to pay off all your credit card balances at once.
Before entering into any debt consolidation plan, research the offer to make sure that the company is reputable and that you fully understand the terms and implications of the program.
Getting help from us is as easy as giving us a call or chatting with us online.
If you are struggling to keep up with your monthly payments, consolidating your debt in this way can certainly help alleviate financial stress.