Home - Mortgage Loans | Personal Loans | Bad Debt Loans | Foreclosure Loans
Apply for a Loan | Best Auto Loans | Best Bad Credit Auto Loans | Best Bad Credit Loans | Best Bill Consolidation Loans | Best Cash Advance Loans | Best Credit Cards | Best Credit Repair Tips | Best Debt Consolidation Loans | Best Free Credit Reporting Tips | Best Home Equity Loans | Best Mortgage Loans | Best Pay Day Loans | Best Personal Loans | Best Products on the Internet | Best Unsecured Loans
Great Financial Advice
Apply for a Loan
Latest Financial News
Rate Lock Advisory
Best Products
Join Our Mailing List
Contact Us
Loan Articles Index
Auto Loans
Bad Credit Auto Loans
Bad Credit Loans
Bill Consolidation Loans
Cash Advance Loans
Credit Cards
Credit Repair Tips
Debt Consolidation Loans
Debt Reduction Loans
Foreclosure Loans
Free Credit Reporting Tips
High Risk Loans
Home Equity Loans
Home Loans
Lawsuit Loans
Mortgage Loans
Pay Day Loans
Personal Loans
Products on the Internet
Real Estate Services
UK loans
Unsecured Loans
Loan Article Index
Loan Articles A-G
Loan Articles H-Q
Loan Articles R-Z
Mortgage Calculators
Mortgage Calculator
Mortgage Amortization Calculator
Rent vs. Buy Calculator
How Much Can I Afford Calculator
Auto Payment Calculator
Click here to Sign up for Email and Newsletter


redhotloantips fat loss

What You Must Know About Debt Consolidation Loans

Written by: Talbert Williams

When you are deep in debt and just managing to shell out your monthly payments, a debt consolidation loan shouldn't even cross your mind. These services gallantly advertise their genuine offer of financial help to reduce your credit strain. And at times, companies try to make consolidation loans come across as debt management services with promises of reducing your interest rates, penalties; while simultaneously leveling your credit account.

But don't end up in their web.

If you think about it logically, a loan can really only increase your debt load, which you definitely need to eliminate, rather than escalate. You might think a consolidation loan will be your life guard; and you might cling to it, but it will drown you with more debt to pay-off with even higher interest rates.

But what is the reality?

What the consolidation loan company claims is that it is giving you money to clear your account with your creditors. In reality, they will just terminate milder harassers and end up being big time bullies themselves. Once you take money from them and pay-off your creditors, you will realize that you now have to pay the consolidation company more than what you owed earlier. This is the result of huge rates of interest of consolidation.

So choose wisely.

Keep in mind that debt management and debt consolidation services can only provide you with proper guidance and help in your debt dilemma. Hence, adhere to all the warning signals and steer clear of consolidation loans when you are already head to toe in debt. You can really only think along these lines when your situation becomes so dire that you have no other options; only then should you seriously consider taking out a debt consolidation loan to solve your problems.

Talbert Williams 1DebtFreedom.com All rights reserved

About the author:

Talbert Williams offers debt consolidation, debt reduction, credit card debt referrals and advice. For more information, articles, news, tools and valuable resources on debt solutions, visit this site: http://www.1debtfreedom.com

Other Related Articles:

How Do I Qualify for a Loan?
Loans are the single most common source of funding, whether for purchasing a home, financing a business, paying off debt, or financing a college education. Before approaching a lender to see if you qualify for a loan, whether your credit scores...read more

Learn About the Zero Money Down Mortgage Loans That Can Land You a Home Sooner Than You Ever Thought Possible
The allure of being able to buy a home with “Zero Money Down” can be pretty strong if you’re short on down payment cash. Real Estate investors who buy homes and flip them for a profit are also attracted to these types of loans because they reduce...read more

Unsecured loan: a blessing in disguise for tenants
In the recent past, Britain has seen a steep rise in its mobile workforce. This has prompted a sharp increase in the number of people hunting for a rented accommodation. Besides work, a number of other reasons like unavailability of council...read more

Return to Home


Best Auto Loans, Best Bad Credit Auto Loans, Best Bad Credit Loans, Best Bill Consolidation Loans, Best Cash Advance Loans, Best Credit Cards, Best Credit Repair Tips, Best Debt Consolidation Loans, Best Debt Reduction Loans, Best Foreclosure Loans, Best Free Credit Reporting Tips, Best High Risk Loans, Best Home Equity Loans, Best Home Loans, Best Lawsuit Loans, Best Mortgage Loans, Best Pay Day Loans, Best Personal Loans, Best Products on the Internet, Best Real Estate Services, Best UK loans, Best Unsecured Loans
Subscribe to Mailing List | Private Policy | Unsubscribe | Site Map