Find Out Why Over
237,000 People Have Trusted Debt Consolidation Care Debt Relief Services
Why choose a bill consolidation program?
Today more people than ever are confused about their rights when it comes to debt. What do the new bankruptcy laws really say? Can I avoid filing bankruptcy? If I do file will there be a stigma attached and will that make getting new credit impossible for seven years or longer? And perhaps most pressing of all, how can I get the calls to stop and reclaim my life and peace?
Bill consolidation is favorable for those who're struggling to manage multiple debts and cannot afford to make several payments each month. A bill consolidation program gives people a way out by which they can replace multiple bills with one low monthly payment and pay off debt with ease. When you consolidate debt, you pay less each month and save thousands of dollars.
Bill Consolidation-How It Works
Here's an example of how consolidation works:
Suppose you have acquired debt on 2 credit cards and you have outstanding medical bills as well. Here is a sample of these accounts may look before you enroll in one of our consolidation programs.
Outstanding balance on credit card X (15% interest rate)-$15,000
Outstanding balance on credit card Y (20% interest rate)-$12,000
Amount you owe on medical bills (13% interest rate)-$13,000
So, the average interest rate= (15% + 20% + 13%)/3 = 16%
After you enroll in a bill consolidation program, the interest rate on your debts could be negotiated down to:
Credit card X=10%
Credit card Y=16%
Medical bill=10%
Now if your total debt amount is $40,000, you'll save (16% down to 12% interest rate) x $40,000=savings of $1,600 per year!
Tips to Pay Off Debt and Obtain a Solid Financial Record:
There are many ways to achieve financial freedom from your debt. Many people today think that bankruptcy may be their only way out. However, there are many different and improved options other than bankruptcy.
At DebtConsolidationCare, we are here to help you choose the best option for your unique situation.
Step 1 – Stop borrowing. The secret here is simple ... you do *not* need another loan! You need a way out. And the best way out is to work with a company who will guide you through the process.
Such companies have deep experience that can be invaluable to you during the process of getting out of debt. The odds are that these companies have worked with people in your specific situation, and worse.
Step 2 – Lower interest rates. For this step you will need an ally, an advocate who has clout with lenders and can negotiate on your behalf. Going it alone against giant banks and lending companies is not advised.
The good news here is that banks and lending companies are very responsive when you are represented by well-established credit counseling companies. These companies can often get dramatic and permanent reductions in the interest you are charged. That’s important, because when less of your payment goes to wasted interest, more goes to reducing your overall balance.
Step 3 – Get the calls to stop. This can be a tricky step if you go it alone. Bill collectors are notorious for their persistence and aggressive tactics. Telling them you want them to stop calling is often like waving the proverbial red flag in front of a bull – it only makes things worse.
What will get the calls to stop is having a specific plan. If you use a counseling service you are in for a treat as you get to tell unwanted callers that they can now call someone else!
Soon, your phone will no longer ring and going to the mailbox will be a treat, not a chore. And that means more peace of mind for you and your family.
Step 4 – Begin rebuilding your
credit. Although it may not feel this way now, there will be a day when you can
use credit again. Once you have tamed the credit monster you will never again
fear losing control of your life or your peace to debtors. You will have a plan
and be able to remain free.
- A Free-No Obligation Debt Analysis is just a click away!
