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When is Debt Consolidation in Longview a Smart Move?

Debt consolidation pulls multiple debts with high interest into a single payment. Debt consolidation is mostly worth it if you get a lower interest rate. It helps lower and restructures your entire debt enabling you to pay it off faster. Debt consolidation is the best strategy to manage multiple bills with different interest rates. Debt Consolidation in Longview Texas

When is it advisable to consolidate debt?

For the success of debt consolidation, you need the following:

  • Your credit needs to be good enough to qualify for a 0% credit card or low-interest debt consolidation in Longview.
  • Enough cash flow to cover payments towards your debt.
  • Your monthly debt payments do not exceed 50% of your gross income.
  • If you go for a consolidation loan, you should be able to choose a loan where you can pay it off within five years.


Take a scenario where you have two credit cards with interest rates between 18 to 21%. Besides the debt, you also make your monthly payments on time, meaning your credit is good. There is a possibility of you qualifying for an unsecured debt consolidation loan at maybe 8%. If you compare this to the interest rate you have been paying, it’s a bit lower. It means you will be able to pay off your debt faster as you get to save a lot.

Most people consolidating debts gives them hope of financial freedom. If you take a loan with a 2 years term, you are sure you will pay in two years. You can only clear it off quickly by making payments on time and managing your spending. If you feel it’s impossible, you can look for credit counseling services in Longview to assist you. Remember to pay more than the minimum credit card payments to avoid extended payment periods and accrue more interest.

Debt consolidation is worthwhile, but it depends on the scenario. So, before choosing this option, evaluate if it will favor you. A credit counseling debt management plan will lower your interest rates without a new loan and a debt settlement plan will negotiate your balances. If you need the save the most money possible without filing for bankruptcy, consider a debt negotiation or debt settlement plan. Look at the Better Business Bureau website to find a reputable Texas-based company with low fees. Make sure they are accredited, with a good rating, and read any complaints.

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

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Debt Consolidation Longview, Texas, Credit Counseling Longview, Texas, and Debt Relief Longview, 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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