Debt consolidating consolidate
Fraudulent debt settlement companies often tell customers to stop making payments on their debts and instead pay the company.
Their behavior hasn’t changed, so it’s extremely likely they will go right back into debt. The debt includes a two-year loan for ,000 at 12%, and a four-year loan for ,000 at 10%.
The enticingly low interest rate is usually an introductory promotion and applies for a certain period of time only. In almost every case, you’ll have lower payments because the term of your loan is prolonged. Your goal should be to get out of debt as fast as you can!
You are only restructuring your debt, not eliminating it.
The solution requires you to roll up your sleeves, make a plan for your money, and take action!
Moving your outstanding credit balances to one low rate payment could save you money and time—making it easier to manage your money.