Debt is a problem for many Americans. So, what will you do when the holidays are over, and your credit card debt is piling up?
Debt stress is a hard thing to overcome so here we hope to help you come up with a consolidation plan that’s right for you.
Debt consolidation loans are a great way to combine your debt into one monthly payment, with less interest than you were paying on each credit card.
Debt Consolidation loans allow you to put most or all of your debt onto one line of credit, or loan, to reduce interest and monthly payments.
There are various options to choose from depending on your situation. Some of the available options you can look into: 1. Refinance or Home Equity Line of Credit (HELOC) 2. Personal Loan-Balance 3. Balance Transfers
If you are a homeowner and your mortgage is in good standing, you can use the equity you have in your home to cover a debt consolidation loan.