Debt Consolidation Guide
8
Click here to load reader
-
Upload
solving-debt -
Category
Economy & Finance
-
view
62 -
download
3
Transcript of Debt Consolidation Guide
Bromwich & Smith: 1-866-353-6726 [email protected]
Debt consolidation is the process by which you combine your unsecured debt into one
loan.
Bromwich & Smith: 1-866-353-6726 [email protected]
Your goal when shopping for a debt consolidation loan should be to find a loan with the lowest
interest rate you qualify for.
Bromwich & Smith: 1-866-353-6726 [email protected]
Using the proceeds from your consolidation loan, you will pay off your individual loans in full,
leaving you with just one monthly payment to your loan
holder.
Bromwich & Smith: 1-866-353-6726 [email protected]
Secured Loan:A consolidation loan secured by an asset
such as your home will help you get a better interest rate.
UnSecured Loan:
An unsecured loan usually offers a higher rate due to there not having any assets
attached.
What kind of consolidation loan should you get?
Bromwich & Smith: 1-866-353-6726 [email protected]
The benefits of a debt consolidation include saving
on interest charges, lower monthly payments, and
making just one payment to one lender.
Bromwich & Smith: 1-866-353-6726 [email protected]
To learn more about the pros and cons of debt consolidation, reach out to us here at Bromwich & Smith.
We will help you review all of your options to see which meets your needs most effectively.
Bromwich & Smith: 1-866-353-6726 [email protected]
For More Information & Other Financial Tips,
Visitwww.SolvingDebt.ca
