In life we understand that there are high points we never want to leave and low points we hope to forget˳ One of the most common situations that many endure are financial problems˳ In today’s economy it can be a bit hard to make the money necessary to save enough to make a big purchase or investment up-front (for example paying cash for a car or home, covering medical expenses, or even taking a much needed vacation)˳ With this in mind, taking out a loan is something that many see as a temporary relief or a last resort option in the case of an emergency˳
At times, the decisions we make during bad times, permeate into our good times˳ If a loan with poor terms is acquired under stress, there’s a good chance that consolidating your debt is a solution that will relieve the pressure˳ There are Better Business Bureau (BBB) approved consolidation loan companies that can help you re-organize all of your loans accordingly and begin paying them off˳
Cambridge Credit Counseling
With an A+ rating from the BBB, it is pretty safe to say that by first impression Cambridge Credit Counseling can be a great company for you˳ Their main goals is to help individuals consolidate their loans including housing, credit card, student loan debt and more˳
As a full-service consumer credit counseling agency, if you are experiencing a multi level situation in regards to your loans, the entire team is experienced in pointing you to the right direction˳
Accredited Debt Relief
Accredited Debt Relief was established in 2008 with the intentions of helping individuals in their financial shortcomings˳ As a consumer you will be able to receive a free quote in addition to free consultation as well˳ Their goal is to assist clients by consolidating debt and resolving said debt within 24-48 months˳ Depending upon your personal situation you can expect your rate to be between 4% and 8% (which is pretty great comparing to the average)˳
National Debt Relief
National Debt Relief helps clients with debt solutions regarding housing, credit cards, and regular loans˳ Many customers have noticed that their credit card payments were reduced by 30% – 50%˳ While bankruptcy tends to be a option that some take, it is not necessarily what needs to happen˳
The difference between bankruptcy and consolidating your loans is complex˳ Bankruptcy has long term effects on your credit but it can be positive if you are not looking to make any credit-based purchases in the near future˳ Consolidating your loans is a reduction in the payment or a renegotiation of the payment terms˳ There is no delay, as you continue to pay back your debt immediately˳ The sooner you pay your debt back from loans, the quicker you can begin to improve your credit score, making BBB approved debt-consolidation companies an option worth looking in to˳
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