In life we understand that there are high points that we never want to leave and low points that we hope to forget. One of the most common situations that many endure is financial problems. In today’s economy, it can be a little difficult to come up with the money to save enough to make a big purchase or investment up front (for example, paying cash for a car or house, covering medical expenses, or even taking a much-needed vacation). ) . With this in mind, taking out a loan is seen by many as temporary relief or an option of last resort in the event of an emergency.
Sometimes the decisions we make during bad times permeate our good times. If you’re taking out a bad loan under stress, it’s very likely that debt consolidation will be a solution that relieves the pressure. There are Better Business Bureau (BBB)-approved consolidation loan companies that can help you reorganize all of your loans accordingly and start paying them off.
Cambridge Credit Counseling
With an A+ rating from the BBB, it’s pretty safe to say that, at first glance, Cambridge Credit Counseling may be a great company for you. Their primary goals are to help people consolidate their loans, including home, credit card, student loan debt, and more.
As a full service consumer credit counseling agency, if you are experiencing a multi-tiered situation regarding your loans, the entire team is experienced in pointing you in the right direction.
Credited debt relief
Credited Debt Relief was established in 2008 with the intention of helping people in their financial shortcomings. As a consumer, you will be able to receive a free estimate in addition to a free consultation. Their goal is to help clients through debt consolidation and debt resolution within 24 to 48 months. Depending on your personal situation, you can expect your rate to be between 4% and 8% (which is pretty good compared to average).
National debt relief
National Debt Relief helps clients with debt solutions related to housing, credit cards, and regular loans. Many customers have seen their credit card payments drop by 30% to 50%. While bankruptcy tends to be an option that some take, it is not necessarily what should happen.
The difference between bankruptcy and consolidating your loans is complex. Bankruptcy has long-term effects on your credit, but it can be a positive if you’re not looking to make credit-based purchases any time soon. Consolidation of your loans is a reduction in payment or a renegotiation of payment terms. There is no delay as you continue to pay off your debt immediately. The sooner you pay off your loan debt, the sooner you can start improving your credit score, making BBB-approved debt consolidation companies an option worth considering.