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Free Debt Consolidation Quote

By clicking "Get Free Quote", you agree that the phone number you are providing may be used to contact you by National Debt Relief (including autodialed and prerecorded calls, as well as text/SMS messages). Msg. and data rates apply, and your consent to such contact is not required for purchase.
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Credit Card Consolidation Loans

If you think about it, credit card consolidation loans seems like solving a dilemma through another problem. However, it does have its pros and cons to it. You just need to know if it can really help your unique financial situation.

Are Credit Card Consolidation Loans the Right Option?

lender offering loansAs the name suggests, this is a loan that you can take out to help pay for all your credit card debts. Instead of paying various companies at different due dates, you can actually take out a loan that can cover all of them with just one payment.

The goal here is to pay for one lower interest rate as opposed to paying several. You get to cancel the rates of the other debts by paying them off immediately. Not only that, it becomes easier to manage because you only have to track one payment every month. If you stick to your plan and you pay this loan religiously, you could be on your way to relieving yourself of your credit card problems.

However, it can get dangerous especially if you do not put a tight rein on your spending habits. Seeing that you are in this position means you are not the best spender in the world. The chances are high that you will think you have lesser financial obligations. That could lead to spending leniency that could put you in danger of getting yourself deeper into debt once more.

There are two ways to make sure this will not happen. One is talking to your lender or any financial expert to assess the new loan. Make sure it will not put your further into debt through unforeseen fees. The next is to come up with a spending and budget plan that will help you pool in your limited resources to concentrate on paying your debts. Now is the time to get a financial expert to advise you on how to accomplish this.

Another disadvantage of this loan is risking your assets. There are some consolidation loans that require collateral that will be taken in the event you are unable to pay your monthly dues. The alternative to that is getting higher interest rates – thus higher monthly payments.

It is true that this type of loan has a lower interest rate – but only for those with good credit scores. More often than not, applicants for this loan have bad credit standing. Otherwise, they should be able to manage their payments on their own.

If you intend on pursuing this path, you need to know the full scenario first. Note how much you spend every month and how much you can afford to set aside for your debts. Calculate properly to ensure that you will not end up paying for more than when you started. Once you have a clear idea of your financial capabilities, set realistic goals that will ultimately lead you to pay off your dues. Also, be prepared for a longer payment term. A lower monthly bill means longer terms and higher interest rates.
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Know that there are other ways to solve your credit card troubles other than a consolidation loan. Give us a call and we can talk about the options that will work best for you. National Debt Relief exists to help you find the perfect solution through the help of our talented financial experts.

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Free Debt Consolidation Quote

By clicking "Get Free Quote", you agree that the phone number you are providing may be used to contact you by National Debt Relief (including autodialed and prerecorded calls, as well as text/SMS messages). Msg. and data rates apply, and your consent to such contact is not required for purchase.
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"The first program I looked into said that they couldn’t work ..."

[email address is thomassabrina21@yahoo.com] Easy National Debt Relief Caller: Nocona Transcribed WE 2/28/2021 Nocona: The call is recorded. Tell me a little bit about how you found National Debt Relief, and why you chose their program over some of the others that are available. SABRINA: Okay. Well, they were the second program I looked into. How did I see them? I think, a random email or something like that. I found them myself on accident. But they’re the second one. ‘Cause the first one said they couldn’t work with people in Washington State. I have no idea why. And then, they said the state couldn’t do that. And then, I found National Debt Relief, and they were like, “I don't know what they're talking about. We can and we will.” And they did, and they're doing an awesome job. Nocona: Can you tell me a little bit about what communication is like, how you feel about customer service, and what they were like to go through this process with? SABRINA: The initial process was easy. And the person was very competent and reassuring, too, because I needed to be reassured. And then, all the customer service since then, if I need to get ahold of them, I give them a call, and they answer. And it's stellar performance on their staff. And when they see a problem, anything, they give me a call too. Nocona: So they’re pretty proactive when things come up? SABRINA: Yes. Nocona: Is there anything at all that you think they could be doing to make the customer experience easier or better, anywhere you'd like to see them make changes? SABRINA: No. I don't see how they could improve. They're great. They've taken so much weight off my shoulders, you don't even know. Nocona: I think I know, probably, how you’ll answer, but I have to ask. If you could rate the program that you've gone through, between one and five, five meaning you'd recommend National Debt Relief to other people, one meaning you're very dissatisfied, how would you rate them? SABRINA: A 5. And you are correct, you did know. [Laughs] Nocona: Do you have any advice for people that have to go through this kind of experience, anything that you think is helpful to be aware of upfront? SABRINA: Just to make sure you have all your bills, that you know what you want, even though you can add later. So it's really not that big of an issue, because you can call them back. But the original adjustment of how much money is going to be taken out and stuff, it’s best if you just have it all together in the first place. Nocona: So, be prepared when you’re going into it. SABRINA: Yeah. In fact, when I first started doing it, I was having them take it out twice a month or something. I forgot. Anyway, I changed it to where they only take it out in the beginning of the month, all of it. And that happened immediately with zero issues. So like I said, they work really well with you, and they listen to you, and they get things done. Nocona: Is it okay if we share your comments as a review for National Debt Relief to help people that are thinking about going through a program like that? SABRINA: Yeah, feel free to. Because if they’re having issues I would recommend this business up and down the block. Nocona: When we publish a review, we just use your first name. We don't publish last names or any contact information. And I'll send you a one time link to the review. That way, if there's something you need to add, or if you want to make an update or change as your experience evolves, you're welcome to do that. I have thomassabrina21@yahoo.com. Is that the right address for you? SABRINA: That is correct. Nocona: The call was recorded.

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