Are You Struggling To Make Your Monthly Payments?
Companies like Dutchess Partners can help you reclaim your financial freedom.
We all know that making minimum monthly payments isn’t going to do the trick to get us out of our debt. If you’re currently making monthly payments towards multiple high-interest credit cards or loans, by converting those payments into a single monthly payment at a lower interest rate you could get back in control of your finances. One way to do this is with a low debt consolidation loan. However, the truth is debt consolidation loans and debt settlement companies won’t help you slay mammoth amounts of debt. This solution is best suited for those with a steady income and low debt situation.
If this is you, a debt consolidation loan could be a great way for you to get a low-interest loan to pay off high-interest debt. Plus, by rolling multiple debts into a single new one with fixed monthly payment your credit rating could actually go up. This phenomenon can occur when you use the debt consolidation loan to pay off your credit card debt because by doing so your utilization ratio goes down, thus causing your score to go up. And, as long as the interest rate on the new loan is lower than the average rate on the existing debts, you’ll be saving money on interest payments each month as well.
As you shop around to find the best personal loan rates, be sure to request rate quotes. This can be done using soft credit checks so it will not affect your credit score. This is how Lendingtree is able to allow you to compare rates from multiple lenders without affecting your score. Once you have your custom debt consolidation loan rates, you can compare costs and rates to find the best debt consolidation loan for your needs.
Dutchess Partners For Debt Solution
It can take some time to hunt down the best lenders that offer low debt consolidation loan rates. Dutchess Partners is a marketing lead generation company that can help match you quickly with debt consolidation loan companies that have enlisted them to connect their company with interested clients.
Remember, you must consider why you want to do debt consolidation. If it’s to pay off your debt faster, then you don’t want to obligate yourself to a longer repayment period. But if you’re struggling to pay your payments and need to pay less per month, then a longer repayment period may be the only way to do it. I must mention that I agree with Get Out of Debt Guy, an educated consumer is always the best consumer. And, recommend that you learn how to check out a company with their free Ultimate Consumer Guide.
After consolidating your debt through a company like Dutches Partners.
If your behavior with money doesn’t change, you will find yourself right back in the same boat. All too often, after someone consolidates their debt, the debt grows back. This is because they don’t change their money habits nor do they have a plan in place to stay out of debt. After getting control of your finances you need to establish good money habits for staying out of debt and building wealth.