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Posted by / 24-May-2017 00:37

Using one loan to consolidate your debt can solve your problems.

When you take loans from many lenders, you have multiple debts. This also increases the risk of defaults and you have additional pressure of repayments.

Debt consolidation entails taking out one loan to pay off many others.

This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.

Eliminate high interest debt - the thing that causes you stress and anxiety month after month.

That way you can look forward to a brighter financial future.We do not base the decision solely on credit score.Once the application is received a Loan Officer will review your income, debt, and credit history. We will pull your credit and this may or may not effect your score, we would be unable to determine the exact effect it would have.One of the best features of a debt consolidation loan is that you arrange the monthly payments so they fit your budget.Each month, you know how you can manage your payments and get you some breathing room so that you can start to resolve your money issues. I would really like to thank you for all your assistance in acquiring a second and third bond for us.” B.

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If you have missed payments or carry excessive credit card debt, your credit score suffers.