Watch video: Find out the 5 ways to repay and consolidate debt
Video on Free Online Debt Help Community by Michael Bovee
What does the community offer you?
- Free debt counseling to be debt free
- Information on how to deal with debt collectors
- Forums to discuss your financial issues
- Resources on various debt relief options
- Tools, letters, and budgeting application
- Informative articles to gather knowledge
How much consolidation can save you
Debt consolidation - Is it good for all? How does it work?
Debt consolidation is good for those people who are unable to satisfy their financial liabilities. They can replace their multiple unsecured bills, like personal loans, credit cards, private student loans, with a lower consolidated monthly payment plan. This debt relief option helps you pay less in interest rates and save money while paying off unpaid balance on multiple credit accounts.Know more about its pros and cons...
Debt consolidation program
This is where the certified counselors of a debt relief company help you organize an easy and budget-friendly single monthly payment plan. With this option, you replace your multiple credit cards and other bills with a single monthly payment. It helps you pay off your debts systematically within a certain period.
Debt consolidation loan
This is where you take out a personal loan from a financial institution, such as a bank, to pay off your multiple creditors instantly. Through this loan consolidation option, you make one consolidated low monthly payment on the new loan. A debt consolidation calculator can help you know how much you can save.