Lower Your Credit Card Debt With Bill Consolidation Loans

About 44% of the population has unmanageable debt. The Federal Reserve continues to show outstanding debt. A per capita debt corresponding to $8,200 debt cannot be ruled out.
By: Jenny Luise
 
April 13, 2011 - PRLog -- About 44% of the population has unmanageable debt. The Federal Reserve continues to show outstanding debt. A per capita debt corresponding to $8,200 debt cannot be ruled out. But not enough are thinking of debt and bill consolidation as a viable solution to their financial troubles and an alternative to bankruptcy.

A recent study portrayed 60% of college graduates leaving college with debt due to the high cost of education today. Young adults are already burdened with debt at the beginning of their promising lives. Compound that by a couple of early wrong decisions whether in jobs, marriage partners or financial necessities of emergencies and a young person can very well start thinking of bankruptcy by midlife.

For More Information Visit:http://www.loansstore.com/bill-consolidation/

A good nonprofit company like Loans Store will give you a free counseling session to enable you to understand your financial condition and help you make the right decision towards Consolidating Bills.

The government can do something about the cost of education. The responsibility of imparting financial management skills lies with nonprofit Consumer Credit Counseling Services (CCCS) who can be approached to Consolidate Credit Card Debt. It is a matter of great concern that the number of people embarking on living beyond their means and ending up filing for bankruptcy is increasing around the world. United States tops the list with a record high number of people filing for personal bankruptcy in recent years. Bankruptcy attracts most people as it appears to be the best solution for immediate relief from harassing lenders. Credit counselors warn that this is the worst situation for anyone in life. Filing for bankruptcy affects long term credit and in fact causes one to forfeit many credit options which are still to be had if a person is going through a bad patch of credit circumstances.

Lenders and financial institutions are a part of our economy and they are in the business to make profits. If they have to sustain losses because consumers can’t repay, they are forced to tighten security measures in approving loans. As a result, it is once again the consumer in need of Low Interest Consolidation who has to suffer. Consumers going through a bankruptcy find their situation has become worse with no credit available around. Their only hope, if any, would be government aid. This again would be forthcoming only under dire circumstances and then again not significant enough to give a bad credit sufferer much relief.

Credit counselors suggest bill consolidation to ward off bankruptcy. Bill consolidation loans arranged through for-profit or non-profit organizations while providing the immediate solution to bankruptcy effectively deal with unmanageable debt. Non profit Free Consumer Credit Counseling sessions impart money management skills to debtors to better manage their financial lives. Debt specialist lawyers can negotiate with creditors to minimize principal amounts, waive off penalties and other charges and stop debtor harassment. A bill consolidation loan will allow lower interest rates and an affordable single monthly payment towards debt management. Creditors get assured once again of receiving money from consumers.

Making Your Living Debt Free With Debt and Bill Consolidation Services!! http://www.loansstore.com/debt-consolidation-loan-applica...


Most consumers opting for the solution to consolidate bills understand that this strategy works best with secured loans of big loan amounts having low interest rates.

Most consumers have already tried mortgage refinance to deal with their debts but an inability to manage the money well lands them in more trouble compounding the situation in a few years. But do not panic, time builds the home equity and it is never too late to get professional bill consolidation help.

Prioritize payments of indispensable services such as utility bills. Pay your mortgage first before you ration every spare penny from your budget in order to accumulate savings for emergencies. And all this is in addition to savings for the future or retirement accounts.

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LoansStore guides consumer to get out of their credit card debts and maintain fiscal balance. Free credit counseling helps to get better debt relief ways.
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Source:Jenny Luise
Email:***@gmail.com Email Verified
Zip:08876
Tags:Bill Consolidation, Bill Consolidation Loan, Consolidate Bills, Debt And Bill Consolidation
Industry:Bill consolidation
Location:Branchburg - New Jersey - United States
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