Monday, February 9, 2009

Debt Consolidation - An Idea that might work for you

Debt consolidation is basically taking out one new loan to pay off all your other loans. Now you might wonder that how it can help you . ?
Lets take an example :- You have $20000 debt as follow
Car loan :$5000 @5% P.A $250
personal loan:$5000 @7% P.A $350
Credit card: $10000 @20% P.A $2000
Total interest paid :- $2600
now what debt consolidation service will do for you ? :-

  • They will first of all eliminate hight interest instruments , For example they will shift your credit card loan to your personal loan (saving you 15% per annum in the above example).

  • They will try to negotiate bank to forgive your some debt explaing them that you cant pay that much .

  • They will try to find new lenders who offer you loan at low interest so that you can use that money to eliminate high interest debt .

  • In the depressing economy Debt Eliminating services have helped huge number of people . So all you need to do is fill out this form . Someone will contact you to tell you how they can help you to eliminate your debt . And yes debt consultation is free so if you are in debt atleast fill out this form to get absolutely Free consultation.
    Want to eliminate debt ! Click here