Scroll to top

Debt Settlement For Debt Relief – Reduction Or Consolidation?

ndrs - December 14, 2015 - 0 comments

Debt Reduction vs Credit Debt Consolidation Which Is Better?

When multiple high-interest credit card debts hinder your financial capabilities, you need to consider our service, not credit debt consolidation. Our service saves you more money and reduces credit card debt quicker than credit debt consolidation. You can achieve debt relief without the hassle of consolidation.

We work with creditors on your behalf to lower the total debt balance. Our service allows you to pay off credit card debts at you own pace by saving each month as much as you can. The more savings you accumulate, the better your leverage is in reducing your credit card debt.

Credit debt consolidation saves money only based on reducing the interest rate. Many of the popular loans used for credit debt consolidation feature long repayment terms, such as a 10- or 15-year home-equity loan or a 30- year cash-out refinance.

Loans with long repayment terms used for credit debt consolidation diminish your savings by accumulating interest. For example, if you obtained a $10,000 loan, it’s cheaper to pay 20 percent interest on a three-year term than 6 percent interest on a 15-year term.

Credit debt consolidation is more expensive and takes longer to eliminate credit card debt than our service. The difference in savings from our service is for two reasons. The greatest savings comes from the lowered payoff. Instead of paying the total outstanding credit card debt, you pay a lower amount. The savings also comes from not paying the interest that accumulates on a credit debt consolidation loan.

Talk to a debt counselor today!

Find the Right Debt Relief Solution, Start with a FREE Debt Analysis. Call Toll Free (888) 987-1325. Debt seems to be a part of life for many, but it doesn’t have to be. Get Relief From Credit Card Debt, Medical Bills, and Unsecured Loans.

Related posts

Post a Comment