"Consumer Credit Debt
Consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan.
Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan against an asset that serves as collateral, most commonly a house."
The major difference between consumer credit debt consolidation services and
debt settlement is the fact that with debt consolidation
you combine all your credit card debt in to one loan.
With debt
settlement, arbitrators
negotiate on your behalf with your creditors for a significant
discount to the actual amount owed. Clients then make
more affordable payments to the debt arbitrators to pay
off the remaining balance.
Why Should
You Use Credit Alliance Group's
Consumer Credit Settlement Services?
Ourdebt settlement services
may be a quick and easy way to reduce your stress, bills and monthly payments.
Before you consider consumer credit debt consolidation services
consider this:
Discharging credit
card debt through bankruptcy, debt consolidation
programs, or installment agreements are not the best
solutions.
Consumer credit debt consolidation
requires you to pay back 100% or more of your debt
and many debt consolidation companies are funded by
credit card companies.
With debt
consolidation the amount of your debt that you owe
remains the same. With debt settlement your debt is
actually reduced.
You must be current on your debts: Most
consumer credit debt consolidation companies require that you be current on all of your accounts. Thus, if you are delinquent on any of your accounts, it may be difficult to enter into a program.
Administration fees and monthly maintenance fees: The
consumer credit debt consolidation company charges you for their services. This money could be going to paying off your debt.
No missed payments: If you are late on one monthly payment you can be dropped from the program.
Consumer credit debt
consolidation doesn't help you eliminate debt. The reality is that most people don't complete consolidation programs because they aren't aimed at eliminating your debt.
Credit Alliance
Group of Dallas, Texas offers an alternative to
bankruptcy, debt consolidation and installment
agreements. Debt Settlement Services truly work. Our
debt arbitration specialists utilize our proven debt
settlement techniques to rid you of credit card debt to
help you regain control of your personal finances.
On Guard
Online Tips From The Federal GovernmentAgainst Internet Fraud & Safety OnGuardOnline Partners
Credit
Card Calculators The True Cost Of Paying The Minimum Payments Monthly Calculate Your Payment
Weighing
the Financial Risk Misuse of Plastic Can Be Costly Without Going into Debt CAG & MSNBC U.S News
Your
Credit Scores What You Don't Know Can Hurt - Taking The Steps Know Your FICO Scores
Money
Matters The 12 Biggest Money Mistakes How To Reach Your Goals CAG & Yahoo Finance
CreditAllianceGroup proudly serves clients all over the
country including the following areas: New York, NY * Los
Angeles, CA * Phoenix, AZ * Jacksonville, FL * Chicago, IL *
Atlanta, GA
CreditAllianceGroup™
does not provide legal, tax or investment advice. If
you need legal advice, legal expertise or court filings,
you must seek the advice of a licensed attorney. Individual
results may vary.
