TAKE BACK CONTROL
OF YOUR CREDIT CARD DEBT.
The desire to pay off debt is a noble goal, but can seem impossible. Accumulated credit card debt is the major culprit that stands in the way of most American’s goal of reaching financial freedom. Borrowers struggle to keep track of which one is about to max out, and which ones charge an annual fee. Many try to shield their eyes from looking at those recurring interest charges, which have shot up through the stratosphere. For most Americans, debt began as a snowball. Over time, however, it picked a few more odds and ends – car repair here or a dinner out there – until it was a full-blown avalanche. You don’t have to be Einstein to realize that something needs to change.
Reverse the Trend with a Debt Consolidation Loan.
Consumer studies reveal that debt consolidation loans normally improve the borrower's overall credit health and performance, and actually drive up credit scores. Most borrowers claim that with a single loan, they can chisel away at the debt much more rapidly than pre-consolidation.
For most consumers, dancing to the balance transfer waltz has failed to help them pay off debt; they seem to only be able to afford the minimum monthly payment. An ideal solution to the revolving credit trap is to roll – or consolidate – all those existing credit card balances into one single loan. Typically, these are unsecured loans – with one fixed monthly payment – at interest rates that are significantly lower than credit cards. The life of the loan can vary, depending on the lender, the borrower’s credit profit, and amount owed. Additionally, a debt consolidation loan will enhance cash flow, as your monthly payment will be less than all those combined payments.
