Be Wary of Debt Consolidation Loans | Milwaukee, WI

BREAKING NEWS:   U.S. Department of Justice announces new rules to discharging federal student loans. Find out if you qualify TODAY!

Milwaukee 414-250-7880         Madison 608-465-4594         Green Bay 920-626-3125


Serving all of Wisconsin

Toll-free 866-906-5634  Milwaukee  414-250-7880     Madison  608-465-4594     Green Bay 920-626-3125

Our 3 Step Process

Step 1:
Get Out Of Debt

Step 2:
Clean Up Your Credit

Step 3:
Build Your Score

Home 9 Chapter 128 9 Be Wary of Debt Consolidation Loans

Consider debt consolidation loans very carefully.

The appeal of a loan to consolidate all of your debt into a single obligation with a lower interest rate is understandable. However, be sure that you can really repay that amount. Understand clearly the term, interest rate, and fees associated with the loan. In some cases, lowering the interest rate doesn’t make your present debts manageable, only delays the day of reckoning. Also find out whether the loan will be payed off over the life of the loan, or whether you will owe a “balloon” payment at the end. For all too many borrowers, balloon payments are simply an invitation to enter into another loan, resulting in a cycle of debt that is difficult to escape from.

the secrets about bankruptcy they don't want you to know

Complete this form to receive your FREE copy of Attorney Miller’s book, The Secrets About Bankruptcy They Don’t Want You to Know. Order today to begin your personal journey toward true financial freedom.

Sidebar (Book Request)