Debt Consolidation: What You Need To Know
Debt consolidation lets you combine all of your unsecured debts into a single monthly payment. By consolidating the money you owe into a single monthly payment, you can stop juggling bills with balances that you can’t pay down.
Debt is a common problem in the United States. The total amount of consumer debt in the U.S. is up to $13.51 trillion.
Consider the following ins and outs of debt consolidation to give you a better idea of how debt consolidation can help you improve your finances.
Debt consolidation simplifies your bills
When you consolidate your debt by using a financial tool such as a personal loan, you’re essentially taking multiple bills with high-interest rates and combining them into a single, fixed-rate monthly payment. This helps to prevent high-interest rates from preventing you from paying off your debt.
However, it should be mentioned that debt consolidation doesn’t get rid of your debt. It just makes your debt easier to manage and keeps interest rates down.
Debt consolidation can potentially lower your overall interest rate
Interest rates can keep you from being able to pay off your debt. When your interest rate is higher than your minimum payment, you’re essentially running financially in place.
Debt consolidation may be able to lower your overall interest rate so you can make real strides towards getting your overall debt under control. It also helps to save thousands of dollars in interest. Some personal loans offer fixed interest rates so keep your monthly payment from changing.
Debt consolidation can boost your credit score
The more interest accrues on your debt, the higher your minimum payment increases. And the higher your minimum payment increases, the more difficult it becomes to pay. Because of this, high-interest rates can easily kick your credit score to the curb and hurt your financial future.
Debt consolidation can help to create smart money-management habits to improve your credit score so you can accomplish your financial goals.
However, debt consolidation isn’t for everyone. If you’re unable to pay back your debt, filing for bankruptcy with a bankruptcy lawyer may be the better financial option for you.
Looking for a debt consolidation lawyer or a bankruptcy attorney?
If you’re struggling to manage your debt, you’re not alone. In fact, the average U.S. household with a credit card has up to $8,284 in credit card debt.
The bankruptcy attorneys of Holston and Huntley LLC can help. For more information about debt consolidation, Chapter 13 bankruptcy, and filing for Chapter 7 bankruptcy, contact the bankruptcy attorneys of Holston and Huntley LLC at 1-844-422-8339 (Ga-Buddy) to schedule a consultation today.
I would highly recommend Holston and Huntley. The staff in the office are very nice. Abena was a big help she is the best!! They are very helpful and get everything done in a timely manner. My experience with the firm was GREAT!
Miss Abena is the best, they are working on my case now ,I just love them always kept it 100000000 and I feel like family
I had an excellent experience with Holston and Huntley. My case/medical expenses were treated with the upmost care and efficiency. I recommend anyone with any type of accident injury to visit Holston and Huntley. Abena Campbell was extremely helpful and made everything convenient and comprehendible about the my case. She was made everything easy as possible. I definitely recommend Ms.Campbell to take of you.
You can count on Buddy and Abena they are awesome. Abena was wonderful, she showed concern for me through my case. Abena walked me through this process like she knew me a long time. I promise you I felt good knowing I was being guided by someone who really cared their staff is awesome. I give them a 10+. Thank you guys, Especially, Abena
My experience with Holston & Huntley attorneys was nothing short of excellent. I worked directly with Abena. She worked hard to get the settlement that I deserved. Continued to stay in contact and keep me updated throughout the long process. Would recommend and work with them again. Thanks Holston & Huntley!
Attorney Huntley and his entire staff was instrumental in getting me everything I deserved. Their patience, kindness, and loyalty to fight for my needs at a critical time proves why they are such a fantastic firm. I would highly recommend them for any of your needs. I personally, will call Mr Huntley if I’m ever in another accident.
I was never anxious despite being in this situation for the first time and all the credit goes to you and your firm because you care and know what you are doing.Thanks.
I don’t usually leave reviews on anything but I thought I needed to share my experience with Holston & Huntley. It was great! Very quick and efficient. Buddy and his staff were awesome. I personally worked with Abena and she was always available to answer any question I had. I highly recommend this firm to anyone who needs a professional lawyer that would fight to get you the best settlement you deserve. I promise you won’t be disappointed!! Thank you, Buddy, Abena and staff for all of your help.
Holston & Huntley entire team was great to work with!!! Thank you so much
Thank God For Experience Help When I Needed It The Most.
Effective Service, So Far I’m 6 Month’s Into It And CONFIDENT It Is Well, I’m So Grateful.
Thank You All..
- Holston & Huntley LLC @HolstandHuntLLC If you have been seriously INJURED in an accident, we can help. Call Us Now 1-844-422-8339 (Ga-Buddy). . . .… https://t.co/AK8zObbo0qHolston & Huntley LLC @HolstandHuntLLC Are you struggling financially? We can help. Call Us Now 1-844-422-8339 (Ga-Buddy). . . . @HolstandHuntLLC Learn M… https://t.co/w9CBdTGT32