Find the Best Debt Consolidation Plan for You
There are two main ways to handle debt consolidation – with credit cards and with loans. Balance transfer credit cards allow you to move debt from other cards all into one account. They have no interest for a limited time, some up to 21 months. This is a great way to start chipping away at debt fast. However, high-interest rates usually kick in after the grace period.
Debt consolidation loans generally have much lower interest rates than credit cards do. They also allow you access to more money. Some lenders even send money right to your credit card or other company you owe. This prevents you from spending the money in transition. Both of these plans and their interest rates depend on your credit and how much debt you actually have.
Need help with debt consolidation?
Dreaming about a debt-free life but have no idea where to start? Bartifay Law can help. They are experienced in foreclosure and bankruptcy and work hard to get you out of financial crisis. Call (412) 824-4011 to schedule a free consultation.