How a Debt Consolidation Program
Can Help You Reduce Your Debt Burden

What is a debt consolidation program?

A debt consolidation program is the process of establishing a debt consolidation loan . You receive one big loan and use it to pay off many smaller loans or debts such as bills and credit card balances.

There are different types of loans that can be used to consolidate debt. These different loan options fall into 2 different categories: secured loans and unsecured loans.

Secured loans generally include Home Equity Loans, Home Equity Lines of Credit, Cash-Out Mortgage Refinancing, and Automobile Refinancing . You can also use your Whole life insurance and 401(k) but we would only recommend this as a last resort.

Unsecured loans include personal loans and low or no interest credit cards.

What are the benefits?

With a debt consolidation program, your monthly payments on that loan are tailored to fit your budget so they become more manageable. Typically you will be paying a lower interest rate than on the outstanding debts collectively.

What are the drawbacks?

Be aware that a debt consolidation program does not reduce or eliminate your debt - they will still have to be paid off. The program only arranges it so it's more manageable to pay it off. With lower monthly payments, it may seem like you have more money each month and it may be tempting to increase your spending and add even more debt.

The point of debt consolidation is to help you become debt free - not to help you find ways to accumulate more debt.

Is a debt consolidation program right for you?

These types of programs that help you consolidate debt make sense if you find yourself struggling to pay your bills , have too much outstanding credit card debt and don't know how you're going to make end meet.

How do you get started?

To get started, look for reputable lenders - banks, credit unions, national lenders, and talk to them about what options are available for you to consolidate debt. Explain your situation and find out what they can do for you.

Find Out How Much You Can Save!

To get a debt consolidation loan online, you just fill out the form below. Then you will receive up to 4 free quotes from well established, nationally recognized lenders.  Just apply and find out what the loan can offer you and compare it to your present situation. 

If you decide it's not for you, you simply do not have to accept the offer. It's that simple. You have nothing to lose and everything to gain.

Here's how you can consolidate debt!

You get up to 4 Free, No-Obligation Quotes

Just fill out the form below:

  

Credit Card Debt	$ Select One 0 1 - 2,499 2,500 - 4,999 5,000 - 7,499 7,500 - 9,999 10,000 - 12,499 12,500 - 14,999 15,000 - 19,999 20,000 - 29,999 30,000 - 39,999 40,000 - 49,999 50000+
Other Unsecured Debt	$ Select One 0 1 - 2,499 2,500 - 4,999 5,000 - 7,499 7,500 - 9,999 10,000 - 12,499 12,500 - 14,999 15,000 - 19,999 20,000 - 29,999 30,000 - 39,999 40,000 - 49,999 50000+
Number of Creditors	Select One 2 3 4+
Status of Bill Payments	Select One Up to Date About to Fall Behind 1 Month Behind 2 or More Months Behind
I want to	Select One Eliminate My Debt Consolidate My Debt Seek Advice
Own a Home?	Yes  No