TopConsumerReviews.com Best Debt Relief Programs
      December 10, 2018

Home  >  Debt Relief  >  Articles

Best

Debt Relief

  1. CuraDebt
  2. LendingTree
  3. CareOne
  4. LendingClub
  5. American Debt Enders
  6. Accredited
  7. OneMain Financial
  8. Savvy Money
  9. Franklin Debt Relief
  10. Debt Consolidation Care
  11. Fast Track Debt Relief

Your Information Is Secure
60+ Ways to Save Money Newsletter

Latest Reviews

Bunk Beds

Charm Bracelets

Dating Sites

Eczema

Flower Delivery

Fruit Baskets

Guitar Lessons

Hair Loss

Menopause Relief

Online Stock Brokers

Watches

 

Related Articles

Benefits of Debt Settlement

Debt Consolidation vs Debt Settlement

Debt Relief vs Bankruptcy

Pitfalls of Declaring Bankruptcy

Reasons for Debt Consolidation

The Bankruptcy Process Explained

What Is Debt Consolidation?

What Is Debt Negotiation?

What Is Debt Settlement?

What To Do if You're In Debt

 

Top Consumer Reviews Articles

TopConsumerReviews.com provides unique articles that you won't find anywhere else on the internet. These articles are designed to help you make the most informed decisions possible.

Top 5 Reasons to Consider Debt Consolidation

The term debt consolidation is often thought of as referring to a debt consolidation loan, but that's not actually the case. Debt consolidation refers to the act of consolidating bills into one monthly payment without actually being granted a loan. If you have ever heard of a debt consolidation company, then you may already know how the process works. If not, this article will explain the process and why it may be beneficial for anyone who is in need of valid debt relief.

Have you ever been late with a credit card bill? If so, how many times has the issuing bank called you before your second payment was even due? If you miss one single payment, the telephone begins to ring and you instantly recognize the importance of debt relief. If you miss two consecutive payments, you can forget about having any peace within your household. The collections department that serves most creditors is ruthless and the people on the phones are considerably less than pleasant. After a period of three months in a debt consolidation program, the majority of collection calls will stop.

A debt consolidation company attempts to work with your creditors in order to get you a lower monthly payment. If you are already behind with your payments, it may be time to consider the real possibility that you are in need of debt relief. A more affordable monthly payment is all that many debtors need to help get them back on track with finances.

One of the greatest drawbacks to credit card debt is the high interest rates that often accompany an account. Some lenders may offer a zero or low introductory APR (Annual Percentage Rate), but the keyword in that sentence is "introductory". Once that period expires, the APR will increase to the preset amount as described in a cardholder's agreement. When interest rates get out of hand, less of your payment is actually being applied to the principal balance. Essentially, you may be paying for nothing more than interest or, in the worst case scenario, you may be going deeper into debt every month. A debt consolidation company attempts to get interest rates lowered or, in some cases, even eliminated throughout the course of their customized debt relief repayment program.

Although a debt consolidation company does not provide a loan, they do collect one lump sum payment from you each month that will then be distributed to your creditors according to the agreed upon budget. If you have 5, 10 or even 15 bills due each month, it can be a daunting task to keep up with due dates. By having one lump sum payment due on the same day each month, you will be effectively controlling your own payment schedule and will lessen the likelihood of forgetting to submit payment.

The last, but certainly not least, important reason to consider a debt consolidation program is because it can help you to get out of debt much faster than if you were to continue paying the minimum monthly payments, high interest rates and miscellaneous penalty fees. In most cases, creditors will stop charging late and overlimit fees after 1-3 months of consecutive payments through a debt consolidation program. Generally, it can take as many as 15 years to pay off one single credit card under normal circumstances. With the help of a debt consolidation program, you may be debt free sooner than you ever thought possible.

Why, When, Who The Important Questions About Debt Consolidation

Getting started on the debt-consolidation journey requires asking a few important questions: 1. Why should I use debt consolidation 2. When should I use debt consolidation There may come a time when ...

Published:  Sun, 09 Dec 2018 06:05:00 GMT



Sonoma County executive arrested for student loan debt relief scheme

A Rohnert Park CEO is accused of operating a fraudulent student loan debt relief scheme. He's expected to be in court Monday. Authorities arrested him at SFO Wednesday as he was headed to Cancun ...

Published:  Fri, 07 Dec 2018 18:42:00 GMT



Do You Qualify For Debt Relief

In earlier posts, we've devoted considerable time and energy to discussing common debt related terminology. We've discussed terminology associated with debt consolidation, for instance.

Published:  Thu, 06 Dec 2018 11:03:00 GMT



Tips To End The Year On A High Note Shared By National Debt Relief

There are a number of consumers who are trying to end the year right that is why National Debt Relief shares tips to accomplish that. The article titled "How To End 2018 With Your Finances On A High N...

Published:  Thu, 06 Dec 2018 15:06:00 GMT



Settlement to provide $1M in debt relief for Arizona consumers

Arizona Attorney General Mark Brnovich, along with his counterparts in 41 other states and the District of Columbia, reached a settlement with California-based Encore Capital Group Inc. to reform its ...

Published:  Tue, 04 Dec 2018 13:23:00 GMT



Tips For A Budget-Friendly Holiday Party Shared By National Debt Relief

Christmas is fast approaching that is why National Debt Relief shares some valuable tips on how to organize a cost-efficient holiday party. The article titled "Host A Budget Friendly Holiday Party Wit...

Published:  Sat, 08 Dec 2018 07:01:00 GMT



Debt Consolidation Guide

Whether you're drowning in credit card debt or scrambling to pay student loans, debt consolidation can help get your finances back on track. By combining several debts into one, you may be able to red...

Published:  Fri, 30 Nov 2018 12:30:00 GMT



Affordable Winter Travel Destinations Shared By National Debt Relief

A lot of people are eager to get on a vacation during winter that is why National Debt Relief shares some tips to do make it an affordable plan. The article titled "Best Winter Travel Destinations For ...

Published:  Fri, 30 Nov 2018 07:09:00 GMT



Sonoma County finance executive arrested in $28 million student debt relief scheme

The "Follow This Story" feature will notify you when any articles related to this story are posted. When you follow a story, the next time a related article is published - it could be days, weeks or m...

Published:  Fri, 07 Dec 2018 07:45:00 GMT



Executive arrested in $28M student loan debt relief scheme

SAN FRANCISCO (AP) - An executive charged with bilking consumers out of $28 million in a student loan debt relief scam has been arrested in San Francisco. The U.S. attorney's office says ...

Published:  Thu, 06 Dec 2018 19:47:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure