Sunday, September 11, 2016

Debt Consolidation

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What is Debt?
Debt is our payment, that is not received yet and nor will the future. Because they do not in a position to borrow the return the money. so these amount goes on debt side that’s called debt.

What is Debt Consolidation?
Debt Consolidation is adding several of unprotected debts. For Example  personal loans, medical bills,  payday loans, credit cards, etc.  In one bill and paying all of them with a single loan Instead of 5 to 10 check write in every month to creditors. you consolidate bill make one payment into cash or check. This method help of you for removing mistakes & penalties which occurred missing the payments, Late payments.



There are three types of debt consolidation.
(1). Debt Management Plans.
(2). Debt Consolidation Loans
(3). Debt Settlement.

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