When you want to get your financial life in order, one of the best things to do is draw up a plan that will help you get out of debt. Simply put, you can’t grow your wealth if you are also in debt. What you need to do is find a way to get your finances back in the black, so that you can grow your wealth to the best of your ability. If this is a place you find yourself in, take solace in the fact that you are not alone. So let’s look at the best debt consolidation programs for 2017.
There are countless people who find themselves in a sea of debt and find it difficult to get over it. When the economy bottomed out in the year 2008, consumer debt was a large piece of the puzzle. As a result, many people have found themselves in debt and with credit problems, making it difficult to find lending opportunities from companies when they would like to secure a mortgage, car note or other lending opportunity. Because of this, you should consider getting out of debt your number one priority if you are looking to get your finances back in order. In this regard, you will want to go into the new year with the right information and great initiatives which will help you to take your finances to the next level, on your own terms. There are a number of ways to get out of debt so that you can get your money back on track. Debt consolidation is something that a number of people in debt begin to take advantage of, and you can too when you start to research the information that will be useful to you. In this regard, read below to learn all about debt consolidation, the best debt consolidation programs for 2017 and other important matters which will help you turn your situation around. With this in mind, contemplate these tips in this article and use them to the best of your ability.
What exactly is debt consolidation?
Picture having 5 or 6 different lines of credit, a few accounts that have gone into collections and some other forms of debt that are difficult to get past. When these accounts add up, it will be hard for you to pay them all down, to the point that you might even have to file for bankruptcy or otherwise seek some financial solace. When this happens, debt consolidation is something that you can turn to.
In this regard, you should get a clear idea of what debt consolidation is and how it can help you. In a nutshell, debt consolidation is a type of loan that you can take out in order to combine all of these open debt accounts, so that you can pay them off under one umbrella and with one interest rate. When this happens, a debt consolidation typically settles or takes over those accounts for you, and then allows you to pay them, as opposed to having to communicate with and strike deals with the many different creditors that you owe.
What are the benefits of debt consolidation?
When it comes to debt consolidation, there are a number of different advantages that you will enjoy. For one, debt consolidation simply makes things easier. You will be able to deal with one simple bill and one payment every single month, instead of having to continuously keep accounts open and find ways to pay these bills on a regular basis. Another benefit is that the payments are made to one place and one interest rate. Because of this, you can get your financial life back in order, as opposed to having to deal with the stress that comes with having numerous creditor accounts open. Further, you won’t have to worry about the nonstop calls that come with a company consistently hounding you to get the money that you owe them. This provides you with a second chance that you can enjoy without having to go through bankruptcy and other sorts of problems. Instead, you will be able to get your financial life back in order by eradicating your debt one payment at a time, through the beauty of debt consolidation.
What Are The Best Debt Consolidation Programs for 2017?
Now that you know a little bit about debt consolidation and why it can be beneficial to you, it pays to learn a little bit about some of the best debt consolidation programs 2017. Understanding this will give you the opportunity to match up with a great company that can provide you the opportunity to settle your debt. With this in mind, let’s take a look at two of the most prestigious debt consolidation companies that you can turn to — Lending Club and National Debt Relief.
This is a company that focuses on peer to peer loans, allowing consumers and lenders alike to win. People who sign up for accounts either act as investors, providing money that can help people get out of debt through consolidation, while also allowing people who need to get out of debt to receive one of those deals. This cutting edge approach has allowed this company to emerge as one of the leading providers of these sorts of loans.
Am I eligible for one of these debt consolidation loans?
If you are looking to do business with this company, you will need to first and foremost get an idea of your credit rating. This company tends to lend to people who have credit scores and reports that are considered good to excellent. So if you have a bit of debt, but know that your credit score is in good standing, this site may be a positive place for you to look. The only way to know for sure is to begin the application process, to see if you can get matched up with a lender that can look out for you.
Going through Lending Club takes away a lot of the red tape that comes with being matched up with big banks and credit companies. The process is more seamless and straight forward and will allow you to receive the debt consolidation that you need.
What are the advantages of Lending Club?
There are a lot of reasons that Lending Club has emerged as a great company. For one, you will be able to take advantage of flexible terms for your debt consolidation loans. The monthly payments are fixed, meaning that you don’t have to worry about them going up and down on a monthly basis. The interest rates are fixed and the application process is very straight forward and easily completed online.
With this in mind, let’s take a look at what National Debt Relief can provide.
National Debt Relief
This is a company that has been around for a while providing people with the debt consolidation service that they need. If you are a person who has fair to poor credit, this might be the better alternative for you to turn to.
The reason for this is that this company places a prime focus on helping people rebuild their financial life and their credit through debt consolidation services. They are Better Business Bureau certified and have proven time and time again that they have the help that you need when you want an easier solution for getting over your debt issues.
You will be able to apply for a debt consolidation loan for any number of issues that you are contending with, be it credit card debt, medical bill debt and any other forms of consumer debt. They will be able to match you up with an interest rate that you can afford and will set you up with payments on a monthly basis. By filling out an application online, complete with your credit score and credit history, you will be in a great position to get the help that you need in order to climb out of debt in a way that makes the most sense for you.
This company staffs plenty of agents who will help you with any sort game plan that you are looking for. They will be the solution that you need in order to find a deal that not only gets you out of debt, but helps you to restructure it with one bill, while even negotiating away some of the debt that you are on the hook for.
So with these tips in mind, you will be able to reach out to some debt consolidation professionals who can help you get the most out of your financial life. When you are buried in debt, it can feel as if you will never get out. However, once you realize that there are advocates who will be more than happy to assist you, you’ll have the opportunity to truly pick yourself up by the bootstraps and get your debt in order. Take that into consideration and reach out to these companies today in order to learn a bit more.