We offer a quality bill consolidation service to reduce interest rates and relieve you of your debt within 3-5 years. Learn more about what Bill Consolidation Direct can do for you.
(prHWY.com) February 13, 2012 - Philadelphia, IL -- Most people start out using credit cards with every intention of using them responsibly. They made charges onto the cards with every intention of paying that debt off within a month or two. Yet life just has a way of changing the best laid plans for you, and if you are like many people, you now find yourself in a situation with an eye-boggling amount of debt and minimum monthly payments that are barely manageable. While some people consider bankruptcy as the only possible way of getting rid of that mountain of debt they have accumulated, the fact is that many people can benefit from
bill consolidation loans. There are numerous benefits to pursuing this as an option for debt management and reduction.
Your Credit Rating
Bankruptcy as well as charge-offs and settlements can leave your credit rating zapped, and in fact such negative filings on your credit report can affect your credit scores and your ability to get approval for new credit for many years to come. With
bill consolidation you are transferring existing debt into one, or sometimes two, loans. Your creditors are paid in full and as agreed, so there is no damage done to your credit rating. In fact, if you are currently making slow payments or have an occasional late payment because your debt load has become unmanageable, consolidating your debts may actually help you to avoid that in the future, too.
Lower Monthly Payments
Many people who are carrying the burden of a high debt load are struggling to make minimum monthly payments. If you are one of these people, you may feel like you just cannot seem to get ahead and like you are simply treading water. Something in your budget has to give a little in order for you to free up cash to pay your debts down. With bill consolidation loans, generally the combination of a lower interest rate and rolling revolving debt into a fixed term loan provides you with considerably lower monthly payments. The extra money you save each month can be stashed away into an emergency fund so you no longer have to turn to credit cards for emergency situations, or it can be used to further pay off your debts more quickly.
It may seem like a pipe dream to imagine yourself living debt-free in just a few years. Yet many who make use of bill consolidation do turn that dream into a reality. It is not easy to pay down your debts, but it can happen when you develop a plan and put that plan into action.
CONTACT INFORMATION
SAM
Bill Consolidation Direct
888-321-3809
http://www.billconsolidationdirect.com
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