Make on-time monthly payments and you eliminate your credit card debt in 3-5 years.
Ever feel like you are juggling too many payments with too many due dates?
She graduated with a small balance on two cards: 00.
You should get free debt advice before taking out a debt consolidation loan.
A better option might be a 0% or low-interest balance transfer card.
You should get free debt advice before you consider taking out a secured debt consolidation loan, as they’ll not be right for everyone and you could just be storing up trouble or putting off the inevitable.
Before you choose a debt consolidation loan think about anything that might happen in the future which could stop you keeping up with repayments.
There are two types of debt consolidation loan: Debt consolidation loans that are secured against your home are sometimes called homeowner loans.
You might be offered a secured loan if you owe a lot of money or if you have a poor credit history.
If you’ve got lots of different debts and you’re struggling to keep up with repayments, you can merge them together into one loan to lower your monthly payments.
You borrow enough money to pay off all your current debts and owe money to just one lender.
Consolidating all your debts into one loan might appear to make life easier but there might be much better ways of dealing with debts.
Find out more about how debt consolidation loans work, then get free debt advice before you make a decision.
The debt management program at In Charge Debt Solutions will reduce your monthly payments and interest rates and provide bill consolidation – all without a loan.