Debt Consolidation Service

Looking To Consolidate Debt But Not Sure What To Do?

What Is Debt Consolidation?

Debt consolidation is useful for reducing the total number of creditors you owe.

which takes multiple debt obligations and combines them into one debt. This reorganization of your debts can help eliminate the problems that come with juggling multiple payments and communications with creditors, but it does not address your spending habits. Debt consolidation is best for those with high credit scores and a plan in place to avoid future debt.

In a debt consolidation program, you consolidate your debts through a consolidation loan, which is a single loan that combines and replaces all of your prior debts into one monthly payment with one interest rate. Consolidation loans are offered through financial institutions—usually, banks or credit unions—and all of your debt payments are made to the new lender.

For some, the psychological benefits of having a simplified, consistent monthly payment are enough to warrant a debt-consolidation strategy. In some circumstances, a consolidation loan might result in a lower total monthly payment or a lower average interest rate on your debt. Unfortunately, extended repayment terms can often offset these savings, so be sure to consider the long-term costs of consolidation loans.

Most consolidation loans are secured with one of your assets, such as your home, car, retirement account, or insurance policy. Only accept a secured consolidation loan if you are comfortable with putting up considerable collateral.  Qualifications apply.

Why Choose Unchain Your Credit as Your Debt Consolidator?

With the help of Unchain Your Credit debt consolidation service, you will find the necessary solutions to your financial difficulties. Whether you want to avoid bankruptcy, eliminate creditor annoyance, or dramatically reduce your monthly payments.

No matter how severe your debt problem is, get in touch with us today so we can help you consolidate your debt as quickly as possible and give you the peace-of-mind you deserve.

How It Works

Debt consolidation offers a loan that consolidates all your unsecured debts in one place. Therefore, you will only have to make one low monthly payment for all the debts.

This may be the right solution, but only if you can use a rate significantly lower than your current rate. If your account has reached or is close to the limit, or if your credit score is not ideal, a debt consolidation program or loan may not be the right solution for you. In such cases, debt settlement may be more straightforward.