If you are one of those people who are having difficulty paying bills and credit cards with high interests no matter what you do. Then you should consider applying for consolidation loan. Credit cards with 20% or more interest rates are very hard to pay especially if you are living paycheck to paycheck. If you didn’t pay it off all; in time,you will end up paying more and more interest every month. When you use consolidate debt, it will be easy for you to pay your debt. Why? You will be paying them once by combining them in one larger loan with less interest and less payment.You can do this through the equity you gained at your home by refinancing your home loan and using the money to pay off your debt and high interests credit cards. It may take a little bit longer to pay them, but you will save and it will be worth than paying high interest and and payments. My brother did the other way since he doesn’t have a house yet because he is still single. He went to credit counseling and did management plan for his debt. This means he has now lower interest rate and fess and the monthly payment is also lower. If you are interested in consolidating your debt, go to bills.com to see if they can help you lower your interest rate and payment.
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