Is Debt Consolidation or Debt Relief Better For Texas Residents?

Call 800-816-1003 or visit affordabledebtconsolidation.com to speak with a Texas Debt Specialist. Understanding the differences between debt consolidation, credit counseling, and a debt settlement or debt relief program is crucial when deciding on an option to reduce debt.
Texas is ranked as one of the highest states in terms of residents struggling with credit card debt. Following the pandemic, residents have faced high interest rates, inflation, and now the potential for tariffs to increase the cost of essential goods. Fortunately, there are solutions available to help deal with high-interest credit card debt.

Debt Consolidation Loans
High-interest credit cards can drain your wallet and steal money that could be used to invest in your future. A debt consolidation loan may provide you with a single loan with a lower interest rate to pay off high-interest credit card debt. This could result in a lower monthly payment compared to the combined minimum payments, and will give you a fixed term, typically between 5 and 7 years, during which the debt will be paid off. However, many people reload their credit cards, which leaves them in a far worse situation than before obtaining the debt consolidation loan.

Credit Counseling Debt Management
Credit counseling programs have been around for decades and can help those who cannot obtain a debt consolidation loan to obtain lower interest rates without a new loan. You may also benefit from a single monthly payment for all included debts and a significantly shorter payoff time compared to making only the minimum payments.

Affordable Debt Consolidation’s Debt Relief Program
Affordable Debt Consolidation also offers its exclusive Debt Relief Program, only available to Texas residents. This program negotiates significant balance reductions and may be able to provide a program payment that is less than half compared to the combined minimum payments. The program may also be able to resolve the unsecured debt (such as credit cards, department store cards, and personal loans) in as little as 12 to 60 months, depending on your budget and settlement results. Another advantage of Affordable Debt Consolidation versus many out-of-state debt relief providers is that the fees are only 15% of your debt, versus the common 25% that other companies charge debt residents. This is up to a 40% fee savings.

Affordable Debt Consolidation is 100% veteran-owned, highly rated by the Better Business Bureau, and has been serving Texans statewide for over 22 years. The firm also has trained and experienced Texas Debt Specialists available to assist Texans with very high debt amounts of $100,000 to $300,000 or more, including personal credit card and loans, as well as business loans and Merchant Cash Advances. Stop stressing about the debt and call to learn about solutions today!