Debt can be hard to juggle, especially if you have different lenders, but our debt specialists can simplify the process for you. Take your first step to freedom and get a free quote today.
So, you are buried in debt. The late fees are piling up. The double-digit interest rates are making it nearly impossible for you to pay down the balance. And you are ready to do something about it? Congratulations! This is an empowering place to be. DebtBlue is here for you and wants you to know about all of your options for getting out of debt.
Speak with a certified debt specialist and get started on the path toward financial wellness and building your credit. Call DebtBlue today for your free, no-risk evaluation.
"Extremely helpful and most importantly, excellent communication! They keep you informed of what's going on every step of the way, giving you peace of mind, which is so important when you're dealing with financial situations!"
Debt Consolidation is just what the name sounds like. It is the process of combining all of your outstanding credit card debt into one or “consolidating” each amount into one single debt. It’s a loan. But the goal is that the new loan amount will have a lower interest payment than your current APR for your credit cards. You will get all the information like you would a car loan or a home loan: the pay-off amount, the monthly payment, and the APR rate. Again, this will not reduce the balance you owe, just the interest rate.
So how does this affect you? Debt consolidation is also more convenient because you are making one single payment a month and not sending payments to multiple credit card companies. Your APR will depend on your current FICO score. It’s wise to compare rates and lenders. Some of the larger banks will not offer debt consolidation loans.
If you’re thinking about debt consolidation, call DebtBlue for financial counseling and guidance from our certified debt specialists. Our debt consolidation plans will reduce your multiple creditors down to one and greatly lower your interest rates. Contact us today to speak with a debt expert about your debt consolidation options. It’s completely free and there is no obligation to sign up.