Are you looking for a solution to your personal debt crisis? If you have multiple unsecured debts (such as credit cards, medical fees, etc.) with high interest or fees you can take out a loan, called a debt consolidation loan, and pay them off using that loan. You then only own one payment on that debt consolidation loan every month rather than tons of different monthly bills.
Just like everything in life, there are both benefits and disadvantages to a debt consolidation loan. This type of loan is definitely beneficial if you have credit cards and other high interest installment loans to pay off. You can actually save a lot of money in interest fees this way!
A debt consolidation loan is also great if you are having trouble paying all of your regular bills every month. You only have to remember to make just one payment, you can avoid extra charges, late fees, and the bad credit that can occur when you miss payments on your regular bills.
Depending on your financial situation, a debt consolidation loan may not be the right choice for paying off your debt. This is why Accredited Debt Relief takes a holistic approach to our debt relief services. We will discuss your financial obligations, what is owed and to whom, and then we will decide on the best course of action for managing your debt.
For more information on how to consolidate your debt, or to schedule a free consultation, “like” Accredited Debt Relief on Facebook or follow Accredited Debt Relief on Twitter. You can also find Accredited Debt Relief on AFCC (the American Fair Credit Council site) or find Accredited Debt Relief on Yellow Pages.