Affordable Debt Consolidation

Any Texans are dealing with overwhelming debt due to the high cost of nearly everything we purchase for our families. Combined with the higher costs of housing, interest rates are set to rise this year which may also impact the amount we pay back revolving credit such as credit cards and some personal loans. There are options to consider before things get to out of control, or if you are already behind, there are also options.

Most Texans with good credit scores and sufficient income should apply for an unsecured debt consolidation loan with their normal bank or credit union. Your local bank may already be familiar with your situation, so this might help you to get the loan you need. If your bank turns you down, there are platforms to shop multiple lenders at the same time without affecting your credit score to see the various offers.

You may find that you are unable to find a lender to provide a debt consolidation loan. Perhaps your credit score is already low, or you need a much lower payment than what a debt consolidation loan can offer. There are two other non-bankruptcy options to consider. The first option is a credit counseling debt management plan. These programs can lower the interest rate on your existing credit cards and some personal loans without the need for a new loan. You will not be able to continue charging on the cards, but you could have a payment lower than the amount you pay to make the minimum, and the program is likely to take about five years.

A more aggressive program is referred to as debt settlement or debt negotiation. This is considered a hardship program and is not designed to protect your credit score while you are enrolled. They are designed to save you the most money so you can resolve debt in as little as 24 to 48 months with a monthly cost that is often less than half compared to minimum payments. This type of program gives many Texans the opportunity to avoid bankruptcy and start rebuilding their credit relatively quickly due to the shorter time it takes to resolve the debt compared to making minimum payments.

Affordable Debt Consolidation is a highly-rated company providing a platform to shop debt consolidation loans, credit counseling referrals, and a program to negotiate reductions of credit card and personal loan debt balances. As they service Texans exclusively, their program is typically 20 to 40% less than out-of-state debt relief companies. The 100% veteran-owned company is headquartered in San Antonio, Texas with multiple Texas branches and is state licensed, bonded and insured.

AffordableDebtConsolidation.com
(800) 816-1003