4 Simple Advantages of Debt Consolidation

Post on 19-Jan-2017

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Transcript of 4 Simple Advantages of Debt Consolidation

FOURSimple Advantages

Of DebtConsolidation

Improve Your Credit Score

• If your debt is consolidated into one place (versus being on multiple loans and credit cards), and you are able to make your payment each month, you will be able to restore your credit score over time.

Less Stress

• Debt consolidation allows you to pay off your debt sooner.

• There are fewer payments each month, so there the risk is lower on missing a payment. You also have the option to pay more than the minimum payment to get out of debt sooner.

Lower Interest Rates

• If most of your debt is from maxed-out credit cards, you know all too well how high interest rates can be. By getting a debt consolidation loan, you are able to transfer your debt a lower interest rate loan, which means a cheaper monthly payment.

Advice For The Future• Working with the right partner who offers perks

like free consultations with experienced financial counselors will provide you with an education on mortgages, investments and credit discipline, in addition to debt consolidation.

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