Is your credit card debt is rising, but you are still unable to stop using your credit cards. Millions of Americans have become dependent on credit cards for buying products on a whim. But, if you find yourself buried in credit card debt, you must purchasing with your credit cards and consider debt settlement or a debt loan that consolidates the high interest accounts into a simple interest loan that is more affordable.
1. Do you qualify for a debt consolidation loan? Do own a home, have really good credit scores and enough home equity to qualify for a fixed rate second mortgage that consolidates revolving debts? If not, consider debt settlement. You don’t need to own a home and your credit score is irrelevant. Many consumers that were turned down for a bad credit debt loan find a solution with debt settlement. Simply closing your credit cards and negotiating with your bank is time consuming and rarely produces the results achieved by a professional debt settlement company. Debt settlement has the ability to save you 40-60% by negotiating a reduced pay-off with your credit card accounts in 9-18 months.
