Looking for Debt Consolidation?
If you have found yourself in debt and over extended you are probably looking for a way reduce your monthly debt repayments and might be considering debt consolidation as an option. Debt consolidation is a popular way to help ease the burden of debt repayments because it helps consolidate more expensive loans into a single lower interest rate loan.
There are advantages to debt consolidation, however for most people debt consolidation is not the right option, because it requires a property with some equity to consolidate you loan into, and is simply a way of shifting debt, which means you are basically borrowing from “Peter to pay Paul”. It is for this reason that we actually recommend debt counseling as the better option, because not only will this help reduce your debt commitments, but you will eventually eliminate your debt through a proven system that ensures you will have a clean credit record and are able to be financially responsible in the future.
Benefits of a Debt Counseling:
- Pay off your short term debt Immediately
- No additional loans required to get you out of debt
- Avoid being blacklisted
- Improve Your Credit Record
- Negotiated payment terms
- You no longer have to deal with creditors