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Sunday, February 3, 2013

Debt Consolidation vs. Debt Settlement


If you are struggling with a huge amount of debt, you are certainly looking for the most efficient ways to get rid of it. The online world is filled with plenty of debt consolidation tips, and most of these redirect you towards the option of consolidating debts through loans. So what are you exactly doing when you take out a loan to pay off a debt? Take even more debts than you already have. Even if the offers from some lenders might sound enticing, they are definitely not the answer to your problem.


Debt consolidation loans often come with high interest rates. Why? Simply because your credit history is ruined, and you do not represent a “trustworthy” borrower in the eyes of the lender.

The lender undertakes a great amount of risk in order to offer you the money, so he will charge expensive interest rates. Moreover, these debt consolidation loans come with very expensive late fees and extra charges. Do not look only at the monthly repayment schedule when you are about to take out such a loan- have a look at the overall cost of the loan and you will understand that you simply cannot afford it…




A much better solution to get rid of debts is represented by debt settlement. This is a special process through which experts will negotiate on you behalf with all your lenders- so that you will be able to repay your debt on affordable terms.

There is no need to take out another expensive loan…just allow the professionals at nationaldebtrelief.com help you out and offer you the professional, and impartial advice that you need. You can start settling your debts nicely by choosing debt consolidation through expert negotiation. Within  a few months, you will already be able to enjoy the peace of mind that you need…living a debt free life!