Debt Consolidation Guide

0, U, T DEBT CONSOLIDATION GUIDE DEBT STEP BY STEP DEBT CONSOLIDATION GUIDE DEBT DEBT CONSOLIDATION Looking for Zero Percent Interest Rates 3. Cons to Opening a Consolidation Loan In many cases, banks and other financial institutions will draw new customers in by offering them a low interest rates for closing their account and bringing the debt to the new account. If you are able to take several credit card accounts and pay them all off by putting the balances onto one account, then you will be able to spend less paying your debts each month. Benefits to Getting a Consolidation Loan Commit to Changing Your Lifestyle If you are able to take several credit card accounts If you do not pay off the debt at that low interest rate, and pay them all off by putting the balances onto one account, then you will be able to spend less paying your debts each month. you could end up paying several times more in interest, which will make the final pay off take even longer. DEBT CONSOLIDATION TIPS DERT DER Looking for Zero Percent Interest Rates 01 02 Many people turn to debt When you consolidate debt, you consolidation by looking for credit cards or bank loans with very low interest rates or even zero percent are supposed to be able to pay it off much faster than if you continue to pay interest rates. The idea behind debt consolidation is based on the idea that you transfer your pre-existing debt into one with a lower interest rate. small amounts on the original debts that you built. In order to pay off that debt as fast as possible, you should make sure you are aware of the details regarding your loan. TIPS 03 04 You should always keep in mind the fact If you are going to consolidate your loans, it is good to know that there are other options beside consolidation credit cards. Many banks and credit that your credit report will determine whether or not you will get a consolidation loan. You will need to keep Maintain Good Credit Learn About Your Options unions offer consolidation loans. your credit rating excellent so you can get the best rates. 8+ Debt Consolidation Guide www.debtconsolidationguide.org Pay Off the Loan Quickly