Tuesday, October 7, 2008


With the economy the way it is, most people are looking for ways to save money simply because there seems to be more expenditures than income. Did you know that one way you can save money is if you consolidate debt? Now, I know that debt consolidation can be confusing, so let’s see if I can explain it! When you consolidate debt, you don’t actually lower the amount of debt you have, you just lump it all together into one single debt or one single payment plan. Usually this is done by getting one single loan for the amount of debt you have to pay off all of your lenders. Now, you might wonder why you would want to consolidate your debt if it doesn’t actually change how much money you owe, I’ll tell you. While it might not change how much money you altogether, it will change how much money you pay monthly and how much money you will have to pay total. Think about, if you are only making one payment with one interest rate, instead of making 10 payments with varying interests rates, you are bound to see a difference in how much you have to pay total! This is you save the money, on all the interest that you don’t have to pay! It also makes it much simpler in my opinion to only have one payment to make a month rather than ten! If debt consolidation sounds at all like something that you might be interested in, then I suggest that you check out Bills.com. They can help you pick out the best solution and payment plan for you. Don’t wait another minute; make a change for the better today!


Designed by Lena