Debt Consolidation – Are Consolidation Loans an option?
Debt consolidation is where all of your debts are combined into one manageable loan. Debt consolidation loans are not easy to secure so it's vital to choose the right debt management firm to help you. While My Debt Help has been helping people to secure debt consolidation loans for over ten years, banks are making it more and more difficult every year.
How do I get a debt consolidation loan?
We can help you to apply directly to banks and lending institutions that are most likely to help you with a debt consolidation loan. Applying and being rejected for too many debt consolidation loans can look bad on your credit report. We will help determine if your loan application will be successful and then apply only to the banks likely to approve it.
Why My Debt Help is the right choice
Our goal is help you reconcile your debts with the least damage to your long term credit rating. We aren't just an online "click to file" company, we give you your own Personal Debt Mentor who will take the time to ensure you get the very best solution for your situation. We won't try to force you to declare bankruptcy. We won't push you into high interest, bad credit personal loans. We'll do everything we can to help you have a bright financial future.
How does a debt consolidation loan cut your debt and your payments?
A quality debt consolidation loan will typically have a lower interest rate than personal loans and credit cards. This will reduce the interest you'll pay on your debt substantially. We apply for a consolidation loan that is well within your means to repay. This loan slows the debt repayment down. You'll have longer to pay off your debts and a greatly reduced interest rate. You'll have money to live again!
Is a debt consolidation loan for you?
While the criteria for securing an unsecured debt consolidation loan differ from bank to bank, there are a few key things most are looking for:
• You're employed
What are my options if I don't qualify?
These days it's harder to secure a debt consolidation loan than every before, but that doesn't mean that you have to resort to bankruptcy. Your Personal Debt Mentor will help you to understand all your options and choose one that will give you the best short and long term outcome. Your options include:
Stop Debt Stress, Start Living Well – the Next Step