Debt Consolidation – The Power of One
Imagine your financial debt picture with:
1 fixed payment
1 payment a month
1 single lender
With a Debt Consolidation Loan, the idea of combining your outstanding bills into one fixed monthly payment is easier than you may think. This could be credit card bills, car loans, medical bills, utility bills, and more.
A Debt Consolidation Loan can lower your
credit card balances, help payoff overdue medical bills and eliminate extra
fees for late payments from multiple vendors.
Consider Julie
As a single working mom with lots of credit
cards to pay each month, Julie noticed each had different interest rates and
due dates. Some of her cards even had variable interest rates that sometimes
changed over time. With her busy schedule and active kids, Julie occasionally
missed a due date and ended up paying more fees while also negatively impacting
her credit. Julie often wondered if there might be a way to simplify her
monthly bill paying — and maybe help avoid those higher rates and extra fees.
A Debt Consolidation Loan cuts down on the
paperwork since you no longer receive multiple bills from different creditors
each month. This process might even increase the credit amount available to you
at a later date.
A Debt Consolidation Loan can be an effective way to:
The Bottom Line
Sometimes it just might pay to “put all your
eggs in one basket” when it comes to managing your debt. Why not let 1st
Franklin Financial be the one to help. Apply now or give your local branch a
call!