Consolidating debt to one credit card
Our goal is to provide you with expert advice about your debts so that you can resolve your situation successfully.If you’re stressed and having trouble paying your debts, get help sooner than later.An error on any of your credit reports could prevent you from qualifying for the debt consolidation help you need, so .You can get your free annual credit report from each of the three major credit reporting agencies — Trans Union, Equifax and Experian.Consolidating multiple loans means you'll have a single payment each month for that combined debt but it may not reduce or pay your debt off sooner.By understanding how consolidating your debt benefits you, you'll be in a better position to decide if it is the right option for you.Whichever option you choose, you will use it to pay off your multiple balances.Then you’ll only have one monthly payment: the loan, the credit card or the debt management plan.
Consolidation works best when your ultimate goal is to become debt-free.Before you choose a card, calculate whether the interest you save over time will wipe out the cost of the fee.Here’s how credit card consolidation works: You first decide if you want to take out a new loan, open a new credit card or enroll in a debt management plan (more on that later).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.
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A loan with a longer term may have a lower monthly payment, but it can also significantly increase how much you pay over the life of the loan.