• Consolidate Credit Card Debt

    Secure Your Debt is a debt relief company that helps consumers consolidate, eliminate and settle their debts. Homeowners can consolidate secured and unsecured debt with a second mortgage or debt consolidation loan. Debt settlement is a great way to save 50% by negotiating reduced pay-offs. Avoid bankruptcy with debt settlement or bill consolidation loans.

  • Debt Consolidation Loans

    Credit cards carry variable rate interest that compounds every month. That means you are paying interest on top of interest and minimum payments only cover the interest. So if you don't want to pay interest on credit cards for 25- 30 years, consider a debt loan that features a fixed interest rate. You can save thousands of dollars each year by consolidating credit card debt.

Debt Consolidation Questions

What are the best methods for securing a debt consolidation loan considering the following criteria. I have $85,000 in credit card and unsecured debt.

1) I am not behind on any of my debts. All have been paid on time.

2) My main goal is debt consolidation with a lower interest rate. All cards will be closed.

3) I do not want to use any debt relief companies. Only reputable sources such as banks or other mortgage lenders.

4) Home equity is not an option. I do not have enough equity nor would I want to a 2nd even if I did.

5) I am not trying to settle for less on the principal balances.

Just want a reasonable interest rate for all. Do such debt consolidation loans exist? Banks? Peer to Peer? Other mortgage lenders? Regards -

Thank you for your question. Closing credit cards and debt with good standing history – on time payments, low credit limit to balance ratio, long credit history, etc. – could negatively impact your credit score. Therefore, is not recommended. As you know, the credit score helps determine the interest rate you get on future mortgage loans.

Since your main goal is to lower the interest rate, one thing you can try is contacting your creditors and ask them to lower their rates. Tell them what you plan to do if they first say “no”. There is a good chance the creditors will choose to lower your rate and keep you as customer rather than letting you go.  -Source Dallas Morning News

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Product Category: Debt Consolidation Tips, Debt Relief Articles
 

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Debt Settlement

Debt relief is available for consumers who have more than $10,000 in unsecured debt. Debt negotiators will workout a settlement that will usually save you 50%!

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