|| Home | Free Articles for Your Site | Submit an Article | Advertise | Link to Us | Search | Contact Us ||
How to Best Achieve Debt Consolidation and Payment Reduction - Articles Surfing
Few online debt consolidation lenders will help debtors reducetheir debts. Homeowners who are in over their heads in debt canuse their homes as collateral to payoff their debts. The loansoffered are given to the debtor to repay the debts; and then thedebtor must payoff the loan in monthly installments. In otherwords, your bills are calculated and rolled into one monthlyinstallment.
If you have credit cards, then the interest rates will roll intothe monthly installment, as well if you have personal or homeloans or other types of loans, then the interest rates are rolledin to one balance per month.
Some debt consolidations make it easy and offer shortapplications, which will link you to an expert who will searchfor a solution to reduce your debts by assessing yourinformation. Money Management International (MMI) is one of themany online "Consumer Credit Counseling Services" (CCCS) that isa non-profit organization that offers support to debtors.
The non-profit organizations are sometimes safer to use than theorganized services. Since MMI is a member of the Better BusinessBureau, I will refer to this debt consolidation reductionorganization to help you get an idea of what is available to you.
Once you sign up at an online debt consolidation reductionorganization and are approved, then the professional financialguides will work with your creditors, asking for leniency. Thismeans that the experts will work hard to get a reduction on yourdebts.
For example, if you are paying $1000 per month in bills, somedebt counselors will work to get your debts reduced to $500 giveor take a couple hundred. This figure is half the amount you werepaying in the first place. What a bargain!
Talbert Williams Debt-Free-America.com. All rights reserved.
Copyright © 1995 - Photius Coutsoukis (All Rights Reserved).
Arts and Crafts
Auto and Trucks
Business and Finance
Computers and Internet
Computers and Technology
Food and Drink
Food and Drink B
Gadgets and Gizmos
Kids and Teens
Medicines and Remedies
Music and Movies
Pets and Animals
Politics and Government
Recreation and Sports
Travel and Leisure
Travel Part B
Wellness, Fitness and Diet