When the phone rings, you dread hearing from another creditor that you haven't been paying your bills. You dread getting your mail every day because you know there will be letters from credit card companies telling you that you owe them money. Do you sound like this? Have you decided it's time to make a change? If you choose to combine your bills, you can get the peace of mind you want.
Do not wait if you are worried that your next paycheck won't be enough to pay the bills that seem to get bigger every month. Don't wait another day to combine your bills and get back control of your money. By combining your bills, you can ease the stress that comes from not paying your bills on time and getting late notices.
If you think that consolidating your bills will be hard because you have bad credit, don't wait any longer. There are many different programmes to help people with bad credit. You will end up paying a little more in interest rates, but your overall monthly payments will be lower. This will give you more money each month to put toward paying off your debts.
Whether your credit is good or bad, consolidating your bills will lower your monthly payments by giving you one lower interest rate than what you are paying on your credit cards. Again, if you consolidate through a loan and have bad credit, you'll probably pay a higher interest rate. This means that your payment won't be as low as it could be and you'll pay for a little longer than if your credit was good, but you'll still save money. Even so, you will still pay less each month to the credit card companies than you do now. If you haven't paid on time for any or all of your credit cards, you could be paying between 21 and 25% interest. Even if you have bad credit, you can get an interest rate on a consolidation loan that is less than 20%. This means that you will pay less each month once you have consolidated all of your debts.
Consolidating bills makes sense. It is a way to take care of your money that won't hurt your credit score. In fact, if you already have a low credit score, consolidating your bills can help you raise that score. Once you decide to take charge of your money, it can no longer cause you stress.
