1 / 9

THE ABCs OF DEBT CONSOLIDATION

Debt Consolidation is the process of paying off multiple debts by taking a new loan or a Credit card, preferably at a lower interest rate.u00a0The main idea is to take a loan with better terms. <br><br>Are you from Alberta, Calgary, Edmonton, or Lloydminster and curious whether or not to consolidate your debt? Then you should.u00a0Debt consolidation in Albertau00a0is actually a legal and ethical process<br>

credit720
Download Presentation

THE ABCs OF DEBT CONSOLIDATION

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The ABCs of Debt Consolidation

  2. About Us • We at Credit720work for you in a similar way just as your Tax Consultant or Accountant. You hire our expert advice in debt negotiations as we help protecting your assets and safeguarding your rights as our esteemed client. • At Credit720, our goal is to protect your best self-interest and not the creditors. Debt Consolidation, Consumer Proposal - Calgary & Edmonton Region.

  3. The ABCs of Debt Consolidation • Debt Consolidation is the process of paying off multiple debts by taking a new loan or a Credit card, preferably at a lower interest rate. The main idea is to take a loan with better terms. • Are you from Alberta, Calgary, Edmonton, or Lloydminster and curious whether or not to consolidate your debt? Then you should. Debt consolidation in Alberta is actually a legal and ethical process

  4. Aadvantages of Debt Consolidation • The benefits of debt consolidation are as follows. • The biggest advantage of debt management services in Alberta is that your burden of making many monthly payments is reduced to just one monthly payment, which can make the journey toward your debt freedom simpler and less stressful. • You can also leverage your assets, such as your property, to acquire a mortgage loan at reduced interest rates.

  5. Aadvantages of Debt Consolidation • TheSince interest rates are lower, if you have extra savings every month, you can contribute some extra amount with your monthly installments to pay off your loan a lot faster. • Credit card debts have extraordinarily high rates of interest. Consolidating your credit card debts saves a lot of money that you would have paid as interest to the bank or the company.

  6. Ddisadvantages of Debt Consolidation • Some disadvantages of debt consolidation are as follows: • The main problem with debt consolidation is that you need to have a credit score that is high enough to make you eligible for a new loan. If you cannot get loans at a lower interest because of your credit score, debt consolidation won’t help you.

  7. Ddisadvantages of Debt Consolidation • Debt consolidation may come with some extra costs like processing fees, closing fees, etc. but these costs are not that high. But, by  reducing your monthly burden, debt consolidation may encourage you to spend more than you would. • Although this process reduces your monthly burden, the total amount that you pay at the end of the loan may be higher than what you would have paid without consolidating your debts.

  8. Conclusion • In conclusion, it is safe to say that if you have a good credit score, consolidating your debt will be advantageous for you. In case you are looking for the best debt consolidation services, Credit720 can be the best option to manage your finances better.

  9. Contact Us Red Deer #924, 4747 67th St,Red Deer AB, T4N 6H3Telephone: (403) 337-4000Fax: (780) 666-9721Email: info@credit720.ca Edmonton South 9856A 33 Ave NW, Edmonton AB T6N 1C6 Telephone: (780) 666-2600 Fax: (780) 666-9721 Email: info@credit720.ca Edmonton North 203, 12930 50 St, Edmonton, AB T5A 4L2 Phone: 780.666.2600 Email: info@credit720.ca Lloydminster(Alberta & Saskatchewan) Unit 102, 4802 -50th Avenue, Lloydminster, AB T9V 0W5 Phone: 403.337.4000 & 780.666.2600 Email: info@credit720.ca http://www.credit720.ca

More Related