What is Debt Consolidation?

Debt consolidation combines several loans or debts — usually credit card debt — into one low payment. This can lead to lower interest rates and lower monthly payments.

A debt consolidation loan can cut those numerous high-interest debts down to size into one low-interest loan. How do you qualify for a debt consolidation loan? Do you have to own a home? We’ll clear this up for you.

pic

Did you know?

Managing your debt is not as difficult as you may think. A lifestyle change may be in order, but don’t sweat it. The long-term payoff is worth it. Don’t wait any longer. Start reducing your debt today.

Manage Your Debt

Managing your debt is not as difficult as you may think. A lifestyle change may be in order, but don’t sweat it. The long-term payoff is worth it.

It takes getting used to, but as you move closer to life without debt, you’ll settle in and be able to move forward with your life.

Try Our Debt Consolidation Calculator

Should you consolidate your debt? Use this calculator and find a plan that fits your needs.

Debt Consolidation Calculator

Combine Your Debt and Save

Combining several high-interest loans into one low, manageable payment can free up your cash. With the extra money you’ll have, feel free to pay more against the principal (and pay off debts earlier), or use the extra cash wisely in other areas where needed.

Start reducing your debt today. The more you wait, the more cash you stand to lose. You have plenty of options. Are you a homeowner? Let’s start there.

 

Homeowners

First off, congratulations on owning a home. Now, let’s start reducing your debt and getting rid of those high interest rates.

As a homeowner, there are several different options available to you. Let’s explore the strengths of each one, and match a debt consolidation loan to your individual needs.

 

Quick Tips

01

Consider a Home Refinance or Home Equity loan if you own a home and you’ve built-up a lot of equity.

02

If you don’t own a home or if you’re still working on building equity, consider a personal loan or a low interest rate credit card.

03

If your credit score is low and you’d like help with your debt, a Debt Management Program could be right for you.

* Please consult with your attorney, financial consultant/planner, accountant, and/or tax advisor for advice concerning your particular circumstances. The information contained herein is for general informational and educational purposes only and should not be construed as professional, tax, financial or legal advice or a legal opinion on specific facts or circumstances. The information or opinions contained herein should not be construed by any consumer and/or prospective client as an offer to sell or the solicitation of an offer to buy any particular product or service.