What is a Consolidation of Debts?
If you have accumulated multiple debts with several different interest rates and monthly payment schedules, a debt consolidation loan can help you manage your debts while reducing your regular payments. Obtaining a larger loan with a lower interest rate may suffice to stabilize your financial circumstances by reducing monthly payments, improving your cash flow and freeing you of your debt as soon as possible.
Who offers Consolidation Loans?
All major banks and other accredited financial institutions offer consolidation loans to those who meet the requirements. Beware, however, of financial institutions or even individuals that take advantage of your financial difficulties by offering you loans at very high interest rates. For a quick assessment of your financial picture and your eligibility for a loan, consult our online Financial Tools or give us a call to consult one of our experts.
What if I am denied a Consolidation Loan from my Bank?
Should your financial situation prevent you from securing a consolidation loan at a reasonable rate and from a trusted institution, DEVLETIAN & ASSOCIATES INC can help you with alternative solutions.
Although we are not lenders and do not issue loans, we can work with your creditors to help alleviate your debt burden and in some cases start fresh completely.
Don’t wait until it is too late. Contact us today for guidance through these difficult financial times.