Determine your regular monthly expenses like mortgage or rent, food, and transportation.With all your relevant financial information, we can work with you to see if a debt consolidation plan is right for you.Any of these solutions would ideally result in a smaller monthly payment, so the debt can be paid off more easily.While this may create a longer repayment period, the total payments could be less.Whichever approach you take, you’ll have only one monthly payment to make.We can help you determine if you are a good candidate for credit card debt consolidation.
Paying off the debt would be combined with more disciplined budgeting (to avoid more debt), coupled with a savings plan.
Credit Card Debt: Learn More Medical Bills Debt Medical expenses, from deductibles to directly billed medical costs, surgery, hospitalization, and home care, can grow beyond your means to pay.
Medical debt accounts for more than 60 percent of personal bankruptcies in the U. If you have medical debt, we can determine how to assist you.
But they will want to tread carefully, as new NEFE-supported research reveals ads for these loans do not give consumers a full picture of the total costs, and furthermore, these loans may cause consumers to make their financial situations even worse.
"The advertising for debt consolidation loans often fails to mention the downsides of these types of loans," says Ted Beck, president and CEO of NEFE.