Use Low Interest Debt Consolidation Loan To Pay Off High Interest Credit Card Bills
Released on = March 2, 2007, 9:55 am
Press Release Author = Camelot Marketing
Industry = Financial
Press Release Summary = Get rid of all credit card bills with a debt consolidation loan. Debt consolidation loan offer lower interest than credit cards and offer tax advantages also.
Press Release Body = A low interest debt consolidation loan is a way to pay off your high interest credit card loans. It can be used to pay off all your credit and to consolidate them into one easy to manage payment.
Unlike a credit card when you consolidate into a home loan you have the added benefit of the tax write off of your interest payment. Credit card debt consolidation can really help your cash flow as well.
Debt consolidation is often advisable in theory when someone is paying credit card debt. Credit cards can carry a much larger interest rate than even an unsecured loan from a bank.
Debtors with property such as a home or car may get a lower rate through a secured loan using their property as collateral. Then the total interest and the total cash flow paid towards the debt is lower allowing the debt to be paid off sooner, incurring less interest.
There are many debt consolidation programs available to every home owner. Some known as the \"Pay option\" allow the home owner to decide every month one of four payment options, including an interest only payment. This can be a very good tool if you need to make less than your normal fully amortized payment.
There are always the more conventional 30 year mortgages and of course the 15 year mortgage which can save you thousands of dollars of interest.
Debt consolidation home loans make a lot of sense for many reasons. The consumer can know exactly how to budget knowing what the payment will be every month. It can be used to payoff car loans as well. Again you are paying off higher interest loans for a fixed payment with less interest.
This type of loan can also free up cash to help with other needs as well. A mortgage loan debt consolidation company can advise what type of program is right for you.
Debt consolidation help is available and often times a short phone call from a knowledgeable loan consultant can get you the debt relief you need.
For more information on a low interest debt consolidation loan to pay off high interest loans please call 866 398 4664 or go to: http://www.goldmedalmortgage.com/Debt_Consolidation_Loans
Web Site = http://www.goldmedalmortgage.com/Debt_Consolidation_Loans
Contact Details = Keith Hunt 8190 Orchard Street Alta Loma , 91701 $$country
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