Cons of consolidating debt


08-Apr-2016 15:51

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Here are five reasons you should consider debt management as your consolidation option: Ever feel like you are juggling too many payments with too many due dates?

With In Charge’s debt management plan, you can schedule the exact day of the month that your single debit pays all of your debts.

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A debt management program consolidates all your credit card bills into one, lower monthly payment at a lower interest rate. The traditional method of consolidating debt is to take out one large loan from a bank or credit union and use that money to pay off several smaller debts.

The following debts are eligible for In Charge’s consolidation program: Excessive credit card debt – the thing that gets people in the most financial trouble – is the best reason to consolidate debt.