Debt consolidation is the process of combining all of your unsecured debt into one monthly payment. Unsecured debt can include credit cards, medical bills, and personal loans. Debt consolidation is a viable option for consumers who are struggling to keep up with multiple payments with multiple due dates. Through a debt consolidation plan, you make one monthly payment and on the day that works best for you and don’t have to worry about multiple payments and due dates.
Debt consolidation can help you become more financially organized, pay down your debt more quickly while benefiting from a possible reduction in interest rates as well as many other advantages. By enrolling into a debt management plan you will receive other benefits that may include waived fees, ending collection calls, a reduction of finance charges and over-limit fees, and paying off your debt faster.
Our professional debt counselors are available weekdays, weeknights and weekends to assist you in exploring debt consolidation options. Call to speak with a counselor in order to evaluate your options and determine if debt consolidation is right for you. FS Pakistan will help you with a free budget counseling session.