In The News
Consolidate Credit Card Debt
May 22, 2009 by justinnarin · Leave a Comment
Credit cards and credit card debt impact almost all of our lives. However, because of the nature of credit cards, credit card debt can easily pile up and become a problem. What a lot of credit card users don’t realize is that the interest rate of their card keeps their debt high and growing when you pay just the minimum. Did you know that just paying your minimums could keep you in debt for over a decade!
That’s why credit card debt consolidation can be an important part of the equation to cutting payments and getting debt free faster. Bills.com can help you do your credit card debt consolidation researc to pick the right path and pay down your credit card debt through credit card debt consolidation. We can even get you in contact with credit card debt consolidation services that will help you find the best method of consolidation for your specific amount of debt.
What Consolidatin Option is Best for You?
The credit card debt consolidation option that will work for you depends on personal factors, such as the amount of debt you have, your current credit rating and how important that is to you, and whether or not you have equity in a home. With good credit and no equity, a possible option is to see if you qualify for an unsecured loan for your credit card debt consolidation. Do you have equity in a home? Using your equity to consolidate your debt with a refinance loan might be a good idea, allowing you to lower your monthly payment while getting away from the high interest you may be paying your creditors. If you are unable to get an acceptable unsecured loan, and you have no equity in a home, options such as debt settlement or credit counseling could be the way to go.
Debt Relief
Freedom Debt Relief is a group about 500 employees strong and growing – known internally as “The Freedom Family”. They’re energetic, smart & compassionate – but most importantly they’re all about helping customers through a tough financial time in their lives. It was founded in 2002 by Stanford Business School graduates Andrew Housser and Brad Stroh and since then have built the best management team around. Freedom works out of three offices in San Mateo, CA., Sacramento, CA., and Phoenix, AZ. Our customers, 30,000 and growing, are spread widely across the United States
Freedom Debt Relief’s Debt Reduction Program, also known as Debt Negotiation or Debt Settlement, is an aggressive approach to becoming free of unsecured debts. It is appropriate for debtors with a serious amount of debt or who are considering credit counseling or bankruptcy. The program’s goal is to find the optimal solution to lower your debts, help you deal with your creditors, and get you on the road to financial freedom.
Their typical settlements are able to reduce debts by approximately 50%.. For example, an account with a $10,000 balance may be able to be negotiated down to $5,000, or lower. Even better than simply saving money is that once the settlement payment is made, your accounts will be satisfied – meaning you no longer have any of your original debt outstanding. If being free of unsecured debts in as little as 2-3 years for as little as half of what you owe sounds good, give one of our debt consultants a call to discuss your specific situation.*
