Consolidate Debt Kitchener
Are you stressed and struggling to keep up with all of your debt payments? Would consolidating your payments into one monthly payment make it easier? There are many different types of debt consolidation options to choose from and at Access Mortgage, we can assist you through the process. Debt consolidation and refinancing are a few of the ways that our team helps our clients get on the path to financial freedom. These strategies are meant to improve your credit, and not damage it like filing for bankruptcy, credit counseling, or consumer proposal will do. Read on for more information about how to consolidate debt in Kitchener with Access Mortgage.
Debt Consolidation Loan
Through debt consolidation, you take out a single loan and use it to pay off all your existing debts. The advantage of debt consolidation is you will:
- Only have one monthly payment (frequently lower than the total you were paying on your debt before consolidation)
- Typically lower the average interest rate that you have been paying, leading to savings of potentially thousands of dollars over the life of your debt
Debt consolidation is different than debt settlement and other programs that end up reducing your principal. Because of this, the total savings you experience are not usually as great with debt consolidation as they are with debt settlement despite the lower interest rates that you typically pay on consolidation loans. The benefit of debt consolidation is it doesn’t harm your credit much compared to debt settlement and other more drastic debt relief solutions. Often your credit score will actually improve as you make your monthly payments on time.
What are the benefits of consolidating my debt with Access Mortgage?
With our team at Access Mortgage, we can help you consolidate debt and experience the many benefits. With our expertise and guidance, our clients can expect to experience benefits that include:
- Lower Interest Rates
- Reduce Monthly Debt Payments Significantly
- Improve Credit Score
- Improve Your Cash Flow
- Reduce Stress
For more information about how you can consolidate your debt with Access Mortgage and get on the path of financial freedom WITHOUT damaging your credit, please feel free to continue browsing through our website. Click here to find our contact information and to fill out our contact form.