Find out more on Debt Consolidation Credit Counseling In Phoenix Now!
Friday, December 5, 2008
Are you having a problem keeping up with repayments on your debts and household bills? Trust me when I say that 90 some percent of this red, white and blue country battle with the dilemma of debt on a regular basis. So widespread has the problem become that is now considered routine by many.
It is often the case when you are in full time education that you forget that the student loan and other debts you've accumulated will have to be paid off, this normally dawns just after graduation. If that isn't bad enough, before you know it you are married with two children and a mortgage. You probably haven't even finished paying of you student loans yet and suddenly there are monthly household bills and a mortgage or rent to take into account.
Why would you ever want to apply for a loan if you're already in debt up to your eyeballs? Well, the key as I mentioned before is in the interest rate. No-one really wants to pay high interest rates when they can get low ones, maybe even as low as 3%, yes it's true.
Yes, it may seem like a strange thing to suggest if you are already deep in debt. It's quite simple really as the key is in the interest rate as I hinted at before. It is almost invariably a high interest rate that is causing the problem and yours may even be as high as 17%. Do you really want to keep wasting your precious financial resources like this? How much do you owe? How much do they equal all together and what is the current interest rate on each? Perhaps after you have done this it may be possible for you to apply for a loan that incorporates all your outstanding debts into one. Consider what it would mean to you if your interest rate dropped to say 4%? Just think how much better you would feel only making one repayment per month and at a lower rate of interest.
Why not spend some time on the internet researching what's available; it should make a pleasant surprise. It is easy to apply online and before you know, those high interest rate monthly repayments will have been replaced by one low repayment. There's no commitment in looking so what have you to lose.
It is often the case when you are in full time education that you forget that the student loan and other debts you've accumulated will have to be paid off, this normally dawns just after graduation. If that isn't bad enough, before you know it you are married with two children and a mortgage. You probably haven't even finished paying of you student loans yet and suddenly there are monthly household bills and a mortgage or rent to take into account.
Why would you ever want to apply for a loan if you're already in debt up to your eyeballs? Well, the key as I mentioned before is in the interest rate. No-one really wants to pay high interest rates when they can get low ones, maybe even as low as 3%, yes it's true.
Yes, it may seem like a strange thing to suggest if you are already deep in debt. It's quite simple really as the key is in the interest rate as I hinted at before. It is almost invariably a high interest rate that is causing the problem and yours may even be as high as 17%. Do you really want to keep wasting your precious financial resources like this? How much do you owe? How much do they equal all together and what is the current interest rate on each? Perhaps after you have done this it may be possible for you to apply for a loan that incorporates all your outstanding debts into one. Consider what it would mean to you if your interest rate dropped to say 4%? Just think how much better you would feel only making one repayment per month and at a lower rate of interest.
Why not spend some time on the internet researching what's available; it should make a pleasant surprise. It is easy to apply online and before you know, those high interest rate monthly repayments will have been replaced by one low repayment. There's no commitment in looking so what have you to lose.
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