Debt Consolidation Loans
There are many ways to resolve your debts and it’s vital to get independent, professional help.
Many people talk about “debt consolidation” when really they need something else. There are five main ways to resolve debts, as we’ll clearly explain when you get in touch. For instance, we may be able to help you to restructure all your debts into one manageable loan, with agreement of your creditors and in conjunction with an associate finance broker. Actual debt consolidation loans are becoming harder to arrange but sometimes it is your best choice. We work out with you if this is an option for you.
Is Debt Consolidation the Right Move for You?
Financial difficulties can happen to anyone. All it takes is an extended illness, being out of work for a time, or just plain failure to pay close attention to finances for things to get out of control. Rather than struggle along, it makes sense to consider a solution such as a Debt Consolidation Loan. Here are some signs that consolidation is indeed the right move, however after reading this make sure you contact us to speak to one of our Debt Consolidation Experts as we will be able to ensure that you are looking to move in the right direction and we’ll probably be able to negotiate better deals with both the Loan and the Creditors you are trying to clear.
Signs you may need to Consider a Debt Consolidation Loan:
Making Minimum Payments is Hard
The last few months, even making the minimum payments on each account has been increasingly difficult. In fact, the debtor is not sure everything can be covered next month. Before any of those obligations fall into arrears, it makes sense to seek expert Debt Help. By working with our team to create a viable repayment plan, it is possible to halt the accumulation of debt and once again have enough money each month to honor the commitments made.
Using Credit Cards to Pay for Necessities
Another sure sign that consolidation is needed is how you are using your credit card accounts. Are they being used to pay for things like food, utilities, and other essentials? If so, the chances are that the money going toward making loan payments and the minimum payments on each credit card are consuming most of the available income. Unless some action is taken soon, the situation will most likely lead to financial ruin.
With this set of circumstances, the consolidation process will free up enough funds to pay cash for those essentials. This is because the plan is formulated to include the creation of a budget that allows for those basics while ensuring creditors are paid according to the consolidation schedule.
No Money Going into Savings
Even with modest incomes, there must be the ability to put away a little in savings each month. If it is taking everything that you bring home just to make ends meet, something has to change immediately. By talking with our debt consolidation team, it is possible to take a good look at the situation and develop a plan that works for both yourself and your creditors.
In many instances, choosing to go the route of Credit Card Consolidation paired with a Loan Consolidation will mean being able to deposit a small amount in a savings account each month. Even as your debts are cleared, you’ll be building wealth that provides some sort of financial cushion should you slip into financial problems again in the future.
Remember that a debt consolidation loan is not for everyone, but it can be the most practical solution in many cases. It will mean some lifestyle changes such as avoiding the accumulation of new debt and learning to live on a cash basis. In the long run, the lower stress level and the pride in knowing the debts were eventually settled in full makes the effort worth it.
If you are in debt, and struggling to meet payments or manage your financial commitments, then a Debt Agreement might be the right solution for you.
As you can see, there is a range of choices but only one will be right for you.
The team at Capital Debt Solutions will find the best solution and work with you and your
creditors to get you back on track and rebuild your financial future.