Consolidating credit card debt with personal loan

You’ll not only have more options and solutions available to you, it will ease your stress and you may even sleep better (we find this is true with more than 60% of the people that we help).

A debt consolidation loan is when someone borrows money and then uses that money to pay off other debts.

While credit companies are under no obligation to negotiate your payments, the best debt consolidation companies may be able to consolidate your debt to a single, monthly payment or negotiate to lower the total amount of debt that you owe.

Many of these options work hand in hand or as part of a larger debt reduction program, but in general, these are your choices: Debt Settlement: Settlement is the process of negotiating with your creditors in hopes of reducing the total amount of debt that you owe them.You may want to apply for a consolidation loan if you’re struggling to make your minimum monthly payments on your credit cards, line of credit or overdraft.Or, it might make sense to consolidate high interest rate debts into one monthly payment with a lower interest rate.Our appointments are either in-person, in one of our offices, or over the phone; whatever is easier for you.The appointment doesn’t cost you anything, it’s completely confidential and without obligation.