Share post
Share
Debt Consolidation Forums Debt Consolidation and Debt Settlement forums

Should I consolidate debt with a loan now?

Date: Wed, 12/09/2020 19:28
member profile picture
Posts: 1
Credits: 0
[Donate]

Since the interest rate is low right now. So is it the right time to consolidate that with a loan?




Yes!

It is a good idea.

With the debt consolidation loan, you will be able to make your interest rate lower and make a faster payment to clear your debt.

Sub: #1 posted on Thu, 12/10/2020 - 03:03

Ryan Miller Ryan Miller

(Posts: 249 | Credits: )

Are you facing problems with your credit card debts? If so, you can take out a balance transfer card and if you have a decent credit score, you may take out a 0% (for an introductory period) balance transfer card. By doing so, you can consolidate your multiple credit card debts and save a lot of money on interest payments too.

Sub: #2 posted on Thu, 12/10/2020 - 22:27

Craigh.terry Craigh.terry

(Posts: 273 | Credits: )

You can opt for professional help if you're not able to manage debts on your own. You can enroll in a consolidation or setlement pogram as per your financial condition.

Sub: #3 posted on Fri, 12/11/2020 - 07:06

Mabelle Page Mabelle Page

(Posts: 295 | Credits: )

Depends on the interest rate. According to Bankrate, the lowest interest rate you can get is 7%. What is your current interest rate? Is it above 7%? Can you afford to pay 7% interest on a new loan? Think carefully.

Sub: #4 posted on Wed, 12/16/2020 - 01:33

David Martin David Martin

(Posts: 388 | Credits: )


DebtConsolidationCare (IAPDA member)
BBB (A+) logo for DebtCC
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2020 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 1.649 seconds.