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.