When you're tired of dealing with multiple bills and handling collection calls in South Carolina, you should consider choosing South Carolina debt consolidation. This is where you pay your bills with one monthly payment instead of making several payments each month.
How to consolidate several bills in South Carolina
If you're looking to get relief from the stress of managing several bills, you should enroll in a South Carolina debt consolidation program. This is where you get help from a consolidation company who will work with creditors on your behalf and try to get you lower interest rates in order to make your payments manageable. All you have to do is make a single monthly payment to your consolidation company that then divides it into several parts and sends it to individual creditors on your behalf. This goes on until you pay off the outstanding balance completely. Depending on the money you owe, it may take around 4-6 years to pay off your bills with the help of a South Carolina debt consolidation program or debt management program.
Alternatively, you can approach banks or a lender for an unsecured consolidation loan. These loans are usually available at low interest rates. Using this loan, you can repay your bills all at once with a lump sum payment. Learn more...
Benefits of South Carolina debt consolidation program
When you consolidate bills with a consolidation program, you get the following benefits:
Pay less interest
Get rid of collection calls
Do away with late fees and penalty charges
Manageable monthly payments
Benefits of South Carolina debt consolidation loan
- A consolidation loan helps you streamline your bills into one low monthly payment.
- It enables you to get rid of high interest bills especially retail store cards, credit cards, and payday loans.
- You can save on interest charges on the bills that you'll pay off using the loan.
South Carolina debt settlement - A good alternative to consolidation
If you don't think you can pay off debts in small monthly repayments with a consolidation program, you can settle your bills on your own. You need to contact your creditors or collection agencies and negotiate to have your outstanding balance reduced.
If you don't wish to settle your bills yourself, get help from a licensed attorney to do it on your behalf. A South Carolina debt settlement attorney can negotiate to get your principal reduced from your current outstanding balance. Most settlement firms charge a success fee as well as a monthly maintenance fee. Learn more about how debt settlement works.
FAQ on South Carolina debt consolidation and settlement
Ans: It is better to negotiate with creditors directly. Since your accounts have been sent to collections, you have to request the creditors to pull accounts back if the accounts have not been sold to the collection agency. Once the accounts are back with the creditor, you can either negotiate with creditors on your own or enroll with a South Carolina debt settlement company to negotiate and have your balance reduced.
Ans: South Carolina consolidation programs can help you merge your internet pdls into one easy monthly payment. However, if any of the lenders are not licensed to do business in SC or are violating SC's consumer protection laws, you should immediately consult an attorney licensed in SC.