Debt Consolidation Part 2
These are a few Debt Consolidation facts that you should know
about - Part 2
In part 1 I talked about debt consolidation and its pros and
cons. In this article, I talked about different benefits of debt
conslidation.
*Reduce, and eventually eliminate your high interest payments
today with debt consolidation.
*Debt Consolidation company will provide you with informational
resources and financial tools that you will need to help improve
your personal finances.
*Debt consolidation programs are designed for someone who is
behind or not paying at all.
*Debt Consolidation companies do not lend you money.
*The Debt Consolidation Program gets you out of debt, helps you
avoid bankruptcy, and helps you avoid the trap of enrolling in a
debt consolidation program.
*Debt consolidation is a debt repayment plan that eases your
payments by lowering interest rates and eliminating your late
fees.
*Debt settlement is not a public record, whereas bankruptcy is.
*Debt Consolidation is typically defined as taking your
high-interest loans and credit cards and consolidating them into
one, low-interest, convenient monthly payment.
*A debt management program allows you to make a single monthly
payment that is in turn distributed to your creditors.
*In a debt management program, you actually repay the debt and
clean up your credit report by eliminating the debts.
*Credit card companies prefer that people deal with specialized
Debt Management firms who take on the huge burden of repayment
agreements and terms as well as all the attendant paperwork.
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