What to consider when choosing right type of debt consolidation
Consolidation Program
If you:
- Want complete professional guidance and ready to pay professional fees
- Want minimum adverse effect on your credit score
- Want to consolidate your bills through single monthly payments and repay fast.
Consolidation Loan
If you:
- Are comfortable managing a long-term loan
- Can qualify for a loan at a favorable interest rate
- Want to consolidate your bills through single monthly payments
Balance Transfer Method
If you:
- Want to consolidate credit card bills only
- Have a relatively high credit limit in a low-interest card
- Want to consolidate your bills through single monthly payments