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Debt Consolidation of Different Loans
Debt consolidation refers to the restructuring of a large number of unsecured debts into one low monthly payment, while eliminating interest and reducing the total amount owed to creditors. Debt consolidation has become popular with people as they cope with increasing amounts of credit card debt, home mortgage loans, car loans, and student loans, along with low credit ratings and threatening phone calls from creditors. Debt consolidation is seen as the last option before declaring bankruptcy.
It often takes consumers a lifetime to get out of debt to credit
card companies, because of the interest rates charged by the companies.
Consumers often think they can pay off their credit card debts by
paying the minimum amount they owe on a card, but they can remain in
debt for the next 30 years while paying off this amount each month.
Many
people, faced by their poor credit situation, are forced to declare
bankruptcy, which adversely affects their credit rating for the next
ten years, or to take another loan to pay off the money they owe.
However, if you are already in debt, you do not need another loan-you
need a debt management plan and some credit counseling.
We at the
Debt Consolidation and Debt Reduction Service do just that. Our debt
consolidation program can reduce
your debt by 40 percent, and have you
out of debt in three years instead of twelve. We can consolidate your
debts into one low monthly payment, eliminate interest payments,
penalties, and late fees, and rebuild poor credit. Unlike most other
debt consolidation companies, we are not owned by a credit card
company-our priority is getting you out of debt quickly and keeping you
out of debt thereafter.
We can also help you deal with your
creditors, by negotiating with them and seeing to it that they follow
the provisions of the Fair Debt Collection Practices Act. This Act
stipulates that they cannot call you on Sundays, or at work, if you
have requested them not to do so. They can only call you between 8:00
in the morning and 9:00 in the evening, according to your time zone.
We
can provide credit counseling by helping you prepare a budget, so you
know where and how you spend your earnings. The first thing we do when
you join our debt management program is to stop you from using your
credit cards. By the time you successfully complete our debt
consolidation program, you are not only free of debt but also more
financially knowledgeable and capable of avoiding debt traps.
If
you owe $5,000 or more in unsecured debts, to pay off credit card
loans, medical bills, store and gas cards, student loans, back taxes,
and utility bills, please get in touch with us and let us help you. We
can get in touch with you within 24 to 48 hours, and help you get out
of debt fast.
Jonathan Pike
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