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Debt Consolidation in Bedford, Texas: Is It the Right Approach?

Multiple debts can leave you tired and stressed. If you’re starting to struggle as you pay them back, assess your financial situation and consider your options. Think about consolidating your debts to make them easier to manage. Debt Consolidation in Bedford Texas Is It the Right Approach


What Does Debt Consolidation Do?

You transfer several debts into a single loan. That’s what it means for most people. The process helps you streamline your payments, so you only need to track one deadline, use one payment method, and deal with a single interest rate. With a single payment, it’s easier to focus and monitor your progress. You don’t have to be afraid of missing multiple payment deadlines again.

Is Debt Consolidation Right for You?

Debt consolidation in Bedford, Texas, doesn’t work for everyone. But it may work for you if:

  • You have a steady income. You’re just disorganized about payment schedules.
  • You have an excellent credit score. Lenders want to lower their risk that you will default if they provide you the money to pay off your existing debts.
  • You have a reckless spending habit. That doesn’t mean you’re hopeless. You need to learn how to rein in those impulses, though. You can’t splurge whenever you need to feel good. Consider a shopping moratorium until you’ve paid off your debts.
  • You have a plan. Once you get the proceeds out of the loan, pay off your high-interest debts. Have a plan ready to go. The sooner you pay them back, the better.
  • You know how to stick to a plan. It happens. You might be buying too much right now and are not calculating the costs. If you are charging these purchases you don’t need, you end up paying back interest. But now you know, and you’re trying to change that. If you know how to stick to your budget plan or debt management plan, you’ll be fine. You’ll see the light at the end of the tunnel, so you can start investing the money to earn interest instead of paying interest.

How Do You Get Started?

Look for trustworthy lenders that offer debt consolidation loans. Ask them questions about the process. Be sure to check their reputation and client feedback before agreeing to a new loan.

Debt Consolidation Loan Alternatives

Not everyone has a debt-to-income ratio to qualify for a debt consolidation loan. Even with a good credit score, lenders might see you are too extended. A credit counseling debt management plan can lower your existing interest rates without a new loan. A debt settlement plan can negotiate balance reductions. Both of these options have pros and cons, so be sure to research the Better Business Bureau to find a reputable company and learn which option will be right for your situation.

How to Receive Debt Consolidation in Bedford, Texas

The fastest way to get help is to call to speak with a Texas Debt Specialist now. You may also fill out the form above and one of our Texas Debt Specialists will reach out to provide you with a free and no-obligation consultation for Debt Relief or Debt Consolidation in Bedford, Texas.

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Debt Consolidation Bedford, Texas, Credit Counseling Bedford, Texas, and Debt Relief Bedford, Texas Consultations are Free of Charge with no obligation. Affordable Debt Consolidation is not a lender but offers a platform to receive offers from participating lenders.  Credit counseling clients generally obtain an interest rate between 6% and 11%.  Debt negotiation clients who make their scheduled monthly program payments generally experience approximately a 45% reduction of their enrolled balance before fees over a 24-48 month period, not including any optional and separate services such as legal services provided by a law firm.  Our settlement fees are 15% of the enrolled balance compared to 25% charged by most competitors. Individual results vary based on the ability to fund the program, and the creditors enrolled. Statements made are examples of past performance and are not intended to guarantee that your balances will be reduced by a specific amount or that you will resolve debt within a specific time period. Settlement fees are not charged until a debt is reduced and payment has been made to the creditor. We do not assume consumer debt, make monthly payments, or provide tax or legal advice. We are not a credit repair firm. Please contact a tax professional to discuss any possible tax consequences of paying less than the total balance. Debt Relief programs are exclusively offered to Texas residents. Logos used are property of their respective owners.

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