If you’ve found your way to this page, it’s likely that you’re worried about your mounting credit card bills and other debts. Even if your situation hasn’t begun to affect your quality of life, there’s a real possibility that your debts will eventually force you to make some tough sacrifices.
Before you find yourself in a dire situation, consider seeking help from a reputable debt relief firm that can provide you with a free Pennsylvania debt consolidation quote. Debt consolidation can reduce most unsecured debts, including credit card bills, medical debts, repossession-related obligations and collections.
Obtaining this information might take just a few minutes of your time and could set you on a path towards lasting prosperity. If you choose to follow up on your quote and enroll in a debt consolidation plan, you’ll receive top-notch service from a business that has earned full accreditation from the Better Business Bureau and lasting admiration from previous customers.
If you need a Pennsylvania debt consolidation quote, you’re not alone. These days, plenty of Pennsylvanians struggle with high credit card bills and a sagging local economy. From Pittsburgh to Philadelphia, abandoned homes and shuttered manufacturing plants hint at a prosperous past that’s rapidly becoming a distant memory.
Of course, the state’s economy has plenty of nascent bright spots. From the gas fields of the Allegheny to the tech-savvy start-up companies setting up shop in Pittsburgh, there are reasons to be optimistic about the future. After all, the land that gave birth to Rocky never goes down without a fight.
Until the economy picks up again, you might need some help in the fight against your debts. Before you obtain your free, no-obligation Pennsylvania debt consolidation quote, consider a few other debt relief options.
Credit counseling is a perennially-popular option for Pennsylvanians who struggle with serious amounts of credit card debt. As you may know, credit counseling agencies are nonprofit organizations that maintain close connections with major credit card companies. This provides them with additional leverage as they negotiate interest-rate reductions for their customers.
Credit counseling is likely to reduce your monthly debt payments by a significant amount. Although it’s impossible to guess at the exact size of the reduction that you’ll see, many past credit counseling customers have seen their interest rates cut by 30 to 50 percent.
Unfortunately, credit counselors can’t reduce the principal balances that their clients owe. If you owe $2,000 at 15 percent interest on a particular credit card, your credit counselor might be able to reduce your rate to 10 percent. However, you’ll still owe $2,000. Since this theoretical debt would be bundled with all of your other credit card debts into a single monthly payment, it might seem like you’re saving more than this.
If this arrangement doesn’t sound appealing, feel free to take a moment to obtain a no-obligation Pennsylvania debt consolidation quote. Unlike the credit counseling agencies with which you might work, your debt consolidation provider will be fully capable of reducing the principal balances on each of your outstanding debts.
You might also talk to local or national banks about the possibility of obtaining a debt-busting loan. Also known as debt consolidation loans, these credit vehicles can pay off your existing debts and consolidate all of your old payments into a single credit facility. Like credit counseling, this could save you a great deal of time and money.
Unfortunately, debt consolidation loans might not be available to borrowers who have poor credit. If your credit score is below 600, you’ll have trouble finding a prime-rate loan. While it might still be possible, the process could take weeks or months and may not save you a great deal of money. A Pennsylvania debt consolidation quote might put your debt reduction plans on track far more quickly.
Many debt-ridden Pennsylvanians take advantage of promotional rates on balance transfers to reduce their credit card debts. This transient but powerful tool may permit you to transfer a high-interest credit card balance to a lower-interest account on a temporary basis.
Although balance transfer rates eventually revert to more expensive “market” rates, you might be able to save a decent amount of money during the six to 18 months that the low rate is available. On the other hand, your post-promotion rates might exceed your pre-transfer interest costs.
If you’re wondering whether debt consolidation is right for you, rest assured that you’re under no obligation to follow up on your Pennsylvania debt consolidation quote. If the process doesn’t sound appealing, simply move onto another form of debt relief. Since you won’t have to make any upfront payments in order to receive your quote, you won’t feel bad about walking away.
In fact, you’ll have to provide just a few key pieces of information in order to find out what you stand to save with debt consolidation. These include your name, e-mail and phone number. You won’t have to give out your home address, Social Security number, driver’s license number or any other pieces of personal information. The choice is yours.