Losing a job, running up credit cards, and unexpected expenses can leave a person in financial trouble. Debt consolidation can be an effective way of managing expenses and stress that comes from creditors and debt.
When you take out a home equity loan, you can use those funds to consolidate high or unmanageable debt, reducing your overall expenses and repaying your debt faster. You will spend less servicing debt while at the same time repairing your credit score and stopping calls from creditors. Stress is relieved when you’re managing one low-interest monthly payment vs payments across multiple creditors at different/high-interest rates.
Consider a debt consolidation loan if:
- Collection agencies are contacting you
- You are swimming in debt
- Current interest rates are overwhelming you
Benefits of a debt consolidation loan include:
- Savings due to a lower interest rate
- An improved credit score
- An easier payment schedule to manage
- Increased cash flow
- No more calls from creditors and collection agencies
Contact our specialists to find out how they can lower your interest rates, lower your payments, and ease bill payment by getting you a debt consolidation loan with one simple monthly payment.