Debt Management Companies – Which
One Is Right For you?
Debt management companies are springing up left and right. Many promise freedom from debt relief, improved credit, and the final solution to your credit card debt. Is it that easy? Some say yes, others no. It comes down to discipline in many cases but not always.
Sometimes its the sky high medical bills from a sick family member, or unexpected business expenses. Maybe you just like to go shopping too much and just can’t say no to the thing you want. Whatever the reason may be, Debt Management Guys are here to help advise you through the debt management process to see if its a right fit for you. In many cases, you are not.
To find out more about how the debt management guys can help you just click the link to be contacted.
Popularity: 1% [?]
Debt management programs, also known as credit counseling programs, are programs offered through debt management firms in which banks have pre-negotiated interest rates between 5.9% – 9.9% on average in exchange for agreeing to take one monthly payment to pay off your debt in full.
The benefit is that if you can still afford to pay back your payments on time and afford them your interest rate will be less, thus you can pay off your debt faster than you could with a ridiculous interest rate like 18% or higher, which approaches roughly 80% of your payment going to interest and finance charges.
To put it into perspective, if your minimum monthly payment is $100 and you rate is near 18%-20%, about $20 of that $100 will actually go to your balance. Does it make sense why credit cards take 4 times the usual length of time to be paid off? Why do you think its so easy to get credit cards?
However, there is a solution. Debt Management Guys is happy to speak with you for a free consultation. We offer a unbiased, no B.S. consultation where we can quickly tell you if you are in good financial shape, or if it may be in your benefit to close out your card, reduce your interest rate, and pay that debt off a.s.a.p.
For a free, no obligation quote, simply? Contact Us and one of our qualified representatives will get in touch with you as soon as possible.
Popularity: 2% [?]
