You need to know about the debt consolidation Why do you have a debt problem with your credit card? Do you want to know exactly what it means? What companies can you go to? Keep reading because below you will understand how important this process is, you will know how to pay off your debt and where to turn.
Importance of debt consolidation
That you think about the debt consolidation It is important to you as a strategy when you have debt with your credit card, but only in some cases such as:
- Take into account the total debt of your card and evaluate if it is not more than half of your salary or income, because if it is not higher it is a good idea to consolidate your debt.
- Think about the cash income of your home, if this can cover the payment of your debt is also a good idea.
- If your credit history is really good so that you can qualify for a debt consolidation loan, otherwise you would not qualify and you would not qualify for a new card.
- You already know that you are in a difficult situation due to your debts, so have you thought about how to avoid continuing to accumulate debts in the future? If you have already thought about it and know how to avoid this situation, it is also a good idea.
If you are sure of meeting the 4 important factors, then for you it is the best, but …
How to do a debt consolidation
Step 1: Prepare a coherent budget to pay the debt while avoiding unnecessary expenses.
Step 2: While you pay the debt, keep your credit card because until you regularize your situation you will not use it again.
Step 3: Seek support in your environment not only so that you feel optimistic to get out of this situation that may seem embarrassing to you but also to help you in the instances of regularization, helping you save and feel responsible
What is a debt consolidation
The debt consolidation It is a method by which you apply a strategy by taking a new debt to pay off old debts. But that new debt at a low rate helps you regularize your situation and improves your credit score.
Therefore, by acquiring new debt at a low rate, you will be able to better handle short-term payments.
Debt consolidation companies
The best debt consolidation companies are:
National Debt Relief
National Debt Relief, has good relationships with collection agencies and creditors, knowledge of state and federal laws. It helps you resolve your debt with an account in your name, which, insured by the FDIC, collects funds and disburses them only when you reach an agreement with your creditor. You can call 800-300-9550 for free.
NewEra Debt Solutions
NewEra Debt Solution helps you to consolidate your debt and they promise to settle it without upfront fees, therefore if the debt is not settled you will not have spent more money than what you owe for your debt. You can contact 800-527-4421.
Acreddited Debt Relief
Acreddited Debt Relief will review all the documentation about your debt and then it will propose the strategy for you to consolidate your debt with different programs that it has and adapted to your particular situation. You can call 1-866-5007.
Freedom Debt Relief
Freedom Debt Relief can resolve your debt by negotiating with creditors and will offer an amount of money that you will have saved to bid and finish paying off the debt with a 45% reduction with fees that will charge you up to 25%. You can contact 800-230-1553.
Pacific Debt
Pacific Debt, offers you a personalized service from the first moment with a manager who accompanies you throughout the process until concluding with the total of what you owe. You can contact (619)238-6700
Debt consolidation credits
1.To consolidate your debt you can borrow money to pay your cards in a single payment at a low and lower rate than what your creditors charge you.
- You can obtain a personal loan from online lenders or from a credit union bank, but although the interest rate will be low, you will continue to pay the debt in several years and you will also have to pay a fee called the oxygenation fee, which can be expensive for you if you consolidate a significant amount of money.
- You can use a balance transfer credit card with a 0% introductory interest on the transferred balance. Within the promotional period you can transfer and pay debt, but you will likely have to pay a 3% commission as a transfer fee.
- You may be able to use the money you saved in your qualified retirement account, since there is no credit check for withdrawing money, you will not pay a penalty due to early withdrawal, but you will reduce the money saved for your retirement.
Debt Consolidation in Miami
For debt consolidation in Miami you can use:
- Consolidated Credit Counseling Services, Inc: phone (800) 596-4680. 5701 W Sunrise Blvd STE 200, Plantation, FL 33313-6269
- Consolidated Credit Counseling Services, Inc. Phone: (800) 596-4680. 5701 W Sunrise Blvd STE 200, Plantation, FL 33313-6269
- Consolidated Credit Counseling Services, Inc. Phone: (800) 596-4680. 5701 W Sunrise Blvd STE 200, Plantation, FL 33313-6269.
- Consolidated Credit Counseling Services, Inc. Phone: (800) 596-4680. 5701 W Sunrise Blvd STE 200, Plantation, FL 33313-6269.
- Family Budget Services, Inc. Phone: (800) 511-5234. 4555 NW 103rd Ave STE 250. Sunrise, FL 33351-7992.
- Debt Management Credit Counseling Corp. Phone: (954) 418-1466. 3310 N. Federal Highway, Lighthouse Point, FL 33064,
- Alma Financial Assistance Corp. Telephone: (866) 385-2562. 1701 W Hillsboro Blvd Suite 307 Deerfield Beach, FL 33442.
- CreditGuard Of America, Inc. Phone: (800) 500-6489. 791 Park of Commerce Blvd STE 500. Boca Raton, FL 33487-3633.
- Debt Negotiation Services. Telephone: (561) 964-6404. PO Box 4701. Boynton Beach, FL 33424-4701.
- Debt Negotiation Services. Telephone: (561) 964-6404. 2500 Quantum Lakes Dr STE 201, Boynton Beach, FL 33426-8308
- Credit Card Management Services, Inc. Phone: (800) 920-2262. 1325 N Congress Ave Ste 201, West Palm Beach, FL 33401-2005.