That can lead to a domino effect where you miss payments, your interest rates get raised, and then you can’t stay above water.
3) Confusion because of too many bills Another common obstacle to getting out of debt is when the sheer number of bills you receive makes it hard to even keep track of which payment is due on which date. While there are some real benefits to debt consolidation, it’s extremely important that you do your homework and understand there’s a wide range of options when it comes to debt consolidation loans – some are good, some are bad, and some are downright predatory.
Consolidation can help with this problem by reducing the number of bills you get down to a single one. Check your rate using Ready For Zero's free debt consolidation tool.
Certain high value vehicles over 6 years old may be considered.
We generally require that you fund a minimum of 20% (including trade-in) of the purchase price of new vehicles and a minimum of 20%-30% (including trade-in) for used vehicles (subject to credit qualification).
Here’s more on choosing a service to meet your needs, along with detail on how we arrived at our ranking of 10 systems.
Often in life, debt can seem overwhelming; credit cards, late payments, medical bills and overdue accounts can add up.If you find yourself swimming in debt and unsure how to escape, debt management services offer solutions.Many debt relief agencies offer assistance with medical debt relief, tax debt relief, student loan debt relief, credit debt relief and payday loan debt relief, some debt settlement companies even offer Christian debt relief services.Which is why a consolidation loan can often prove to be a better option: it may allow you to get a lower interest rate, which would save you money over the long-run.2) High monthly payments People with lots of debt also frequently struggle with high minimum payments – which are sometimes more than they can pay each month.The reason this can be helpful to people with a lot of debt is that it can solve three of the worst problems you face: 1) High interest rates Some types of debt (particularly credit cards) can have extremely high interest rates – up to 25% or more.