How to to Consolidate Your Debt from Credit Cards, Medical, Car Expenses & More

paying off debt without hurting your credit

paying off debt without hurting your credit

The Purpose of Debt Consolidation

Debt consolidation is simple. It’s the act of taking all your debt from numerous sources and pooling them together into one simple, more manageable debt. Although you still have the debt, the benefits can’t be ignored – you can often pay off your debts faster and for far less, and with more ease and simplicity. One payment with one interest rate is far more easy and affordable than numerous payments with different interest rates. Here at Selective Credit, we offer all consumers the chance to live a life of financial freedom using the best methods of debt consolidation on the market. To learn how that’s done, call or fill out our online request form now to learn more about consolidating debt and living your best life possible.

Best Way to Consolidate Debt

What is the best way to consolidate debt? Typically, it’s a question with a unique answer to each individual who asks. There is no right or wrong way to consolidate debt when you want to pay off your bills and live a debt-free lifestyle. But the goals are usually the same regardless – to save as much money on interest while still paying down debts as quickly as possible. The best way to consolidate debt is with a plan that works well with you, your family, and your financial situation. Here are some viable options for you to take a look at.

Debt Consolidation Services

If you’re looking for a more traditional way of paying off debt fast, you might consider debt consolidation services. The best way to consolidate credit card debt is with the help of a reputable debt consolidation service. Here you will work closely with someone who has vast experience handling a wide variety of debt consolidation strategies. Since consolidation of debt is such a personal matter to so many consumers, it’s a personal matter to us.

Our services help you find the best solution to your specific debt problems. If you want to find the best way to consolidate credit cards for example, we will arm you with a strategy that is catered towards consolidating credit cards. When someone is working with you every step of the way, they better understand your obstacles and goals. In turn, they are able to customize an approach tailor made to your particular situation. This makes paying off your debts easier and far more more efficient.

Balance Transfers

If you can afford to apply for a new credit card, balance transfers are a stellar way to pay off your debt by consolidating it into one payment. The best way to take advantage of a balance transfer is with a card that offers a 0% introductory APR for several months. Many cards offer one year to 21-months of zero percent APR on balance transfers, which allows consumers a significant period of time to pay off their debt without interest. For some people, this is one of the best ways to consolidate credit card debt.

Personal Loans

Personal loans are another way to consolidate debt. You apply for a personal loan, you use the funds to pay off the balances you owe, and you eliminate the numerous payments you make to creditors each month in favor of just one. This means you’re able to save significantly on interest by minimizing your many interest payments into just one, lower fee. If you have access, the best source for personal loans is a credit union where you have a personal standing relationship.

Working with Us

Working to become debt-free is intimidating for many consumers. Realizing the extent of your financial state is never easy, but finding a solution is the first step in seeking a solution to your biggest worries. Selective Credit can help you find the right debt consolidation solution while providing the helpful support you need. Let us help you achieve financial freedom once and for all. Pick up the phone and give us a call today for a free consultation.

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