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Debt Consolidation in Houston: Definition, Benefits and Options

Too much debt compared to available credit doesn’t just impact your credit score. The debt also compromises your ability to pursue your financial freedom and goals. If you have too much debt, you could get locked into a vicious cycle with little to no hope of getting out of that situation without changing your behavior or taking steps to resolve it. Before your situation worsens, look for help. One way to manage your debt effectively is by consolidating your debt. Learn more about debt consolidation in Houston, Texas, when you talk to us.

What is Debt Consolidation?

It usually involves taking out a new loan to pay off multiple loans. That means you’ll only end up with a single monthly payment. Debt consolidation refers to loans, but it can also refer to credit counseling, which doesn’t require a new loan. The interest rate is usually 10 percent or less in these types of programs. Our expertise in credit counseling in Houston makes us the ideal partner for your debt management needs.

What are Its Benefits?

With a single monthly payment, you have fewer bills to stress about. You won’t need to spend so much of your time and effort keeping track of due dates, acceptable payment methods, and interest rates. Another benefit of consolidating your debt is the much lower interest rate you get, which gives you better long-term cost savings and helps you pay more of your debt over the interest. You can also pay off your debt in about 4 to 7 years with a debt consolidation loan of 5 years with credit counseling as opposed to having to pay what you owe for decades.

What are Your Other Options?

The best way to know if debt consolidation is right for you is to go over your other options, like debt relief in Houston. One form of this strategy is to settle the debt for less than the amount you owe. That sounds ideal, but only if the right conditions apply to you. If you qualify for this program, you may be able to resolve all of your high-interest credit card debt and personal loans in as little as 24 to 48 months with a program payment that could be less than half compared to making minimum payments. To learn more about this type of program, talk to us about debt settlement in Houston. Affordable Debt Consolidation provides their exclusive Texas Debt Relief program for up to 40% less versus out-of-state debt relief companies. You can also shop for the best debt consolidation loans using their affiliate platform or compare their Texas Debt Relief program to any other non-bankruptcy option. If you would like to compare non-bankrupcy options to bankruptcy, the company has a relationship with a highly-rated Texas bankruptcy law firm. In some cases, their Texas Debt Relief program is more affordable than chapter 13 bankruptcy, but not all situations. However, you may only want to consider non-bankrupcy options if bankruptcy might affect your future employment or certain licensing. 

How to Receive Debt Consolidation in Houston, 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 Houston, Texas.

Affordable Debt Consolidation Houston Texas
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Debt Consolidation Houston, Texas, Credit Counseling Houston, Texas, and Debt Relief Houston, 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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