Sunday, June 3, 2012

Get rid of stress with debt consolidation

By Cole Culen-Henderson


I found myself being overly stressed and almost sick because of my debt problem. I was laid off from my job I had over $10,000 in credit card debt. I found with debt consolidation I could take care of all the creditors and still be able to make my payments easily.

The first thing I did was call a credit counseling service will contact all my creditors and get them to remove some of the interest charges in late fees and accrued on my balance. They were then able to give me the debt consolidation loan that would pay off all the balances. The amount I have monthly for the loan is much less than what I was paying on each bill individually.

Being able to take care of all my debts relieved all my stress. I was more calm and able to sleep at night. I know I'd been close to becoming a candidate for high blood pressure medicine when the stress was high. I no longer feel that problem and know I am much healthier.

I'm no longer stressed and edgy and grumpy to my children. A normal monthly bills get paid without a problem and there is always a bit extra for something to do as a family every week. Life is looking much better.

Before you let your health become a concern because of your finances. Look into getting a debt consolidation loan. The stress relief alone will enable you to deal with any situation better. You will feel better about yourself because you have kept good to your promises to pay back people you owed money.

You do not have to use credit counseling services. My brother decided to contact his creditors by himself and see if they would work with him before he took out a loan. Once they agreed to lower the balance due he was able to get a loan to cover all his creditors and save data on his monthly payments.

Having financial problems can create real stress in your life and be harmful to your health. Emotionally and mentally you can be beat down just because you worry about money. This will roll over and make you physically dial if you're not careful and take care of the situation.

As a smart and financial move any time to lower your interest payments. Big businesses will often find alone with much easier terms and transfer to other loans to that one account. This is a good way of saving money over the long run. Whether you need debt consolidation because you are struggling to make your bills as they are or you just want to save on paying high interest, you should consider this type of financial strategy anytime you find better loan rates available to you. You will feel healthier and be more financially stable.




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Good debt involves someone else paying off the debt for you. An excellent example of good debt is a real estate investment loan in which a tenant pays rental income in excess of the mortgage and related expenses. An SBA (Small Business Administration) loan that allows your business to grow is another example of good debt (so long as your business can pay it off). The best loans are nonrecourse loans, which require no personal guarantees. Good debt leads to wealth.

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