By doing this you will not only save a lot in interest & finance costs, but you will also pay it off sooner & be debt free long before you expected.
After 100 hours of researching and calling debt consolidation companies, our top choice is National Debt Relief, which is one of the most transparent companies we spoke to.
In addition, the company has an easy-to-use dashboard that tracks your consolidation program and the progress of its negotiations with your creditors.
Many of these options work hand in hand with or as part of a larger debt reduction program, but in general, these are your choices: Debt Settlement: Settlement is the process of negotiating with your creditors in hopes of reducing the total amount of debt you owe them.
With all the various types of loans available it is important to choose the best loan for your needs.
Committing to the wrong type of loan could cost you unnecessary interest charges and high repayment amounts.
If you are still unsure of making the correct choice for your credit needs you would be well advised to seek advice from a professional.
When it comes to repaying all types of loans, whether it is a personal loan, a study loan or your mortgage, you could be saving hundreds if not thousands by paying a little extra each month (assuming there are no penalty costs for not paying the exact amount due – just confirm this with the finance house).
While you can undertake this process on your own, many people choose to hire a professional debt settlement company or lawyer to negotiate on their behalf.