Debt Consolidation
The average American household with at least one credit card has nearly $9,200 in credit card debt, according to CardWeb.com, and the average interest rate runs in the mid- to high teens at any given time.
So if those monthly payments are killing you each month, or it seems that no matter how much you pay toward the balance, it seems that the balance is the same as it was a few months ago, something needs to change. For most consumers, unless they some how come into a large source of money, paying off the credit card debt month by month is not a reality.
Debt consolidation is a great option for many reasons:
1. Cut rates 50-70%: many consolidations can save my customers an average of $300 a month!
2. Get out of debt in half the time: Lower rates can help you pay off your debt nearly twice as fast.
3. Preserve your credit: Lower payments can help keep payments on time and avoid problems in the future..
4. Larger tax deduction: Our debt consolidations are tax-deductible and in many cases result in hundreds, if not thousands of dollars extra in your pocket at tax time.
5. Improve your credit score: 30% of your score is based on your debt load compared to your credit limits. Paying off credit cards can easily increase your score up to 80 points!
6. Lower insurance rates, and other credit: a better score means lower insurance costs and better rates on car loans.
7. Peace of mind: Ever worry whether you remembered to pay off one of the many bills you recieved? Consolidation can combine 5-8 bills into just 1.
Once your are out of debt, try to stay out! Try this link for more info on how to stay out of debt.
