Consumer Assist negotiates consolidation loans
Consumer Assist is at the service of over-indebted consumers. We can negotiate debt plans that include consolidation loans with consumers’ creditors to put them back on the path to become debt-free and financially healthy again. Consolidation loans help the consumer to regain control of their finances.
The reason for this is that multiple smaller debts are usually responsible for a consumer becoming over-indebted. Multiple small debts attract the high individual interest rates usually associated with relatively low repayment amounts. Each outstanding debt also carries its own penalties and transaction fees, all mounting until they have become an often unmanageable burden at the end of each month.
Consolidation loans consolidate all the multiple debts into one large loan with a significantly lower interest rate. In addition, banks and creditors may agree to an even lower interest rate for consumers who are under debt counselling, further reducing interest payments. Another option available to the debt counsellor is to negotiate with creditors and banks to extend the repayment period of the consolidation loan, to further reduce the total monthly repayment amount. Once the consumer is under debt counselling and once a sound consolidation loan has been put in place, he can start paying off his debts and still retain sufficient cash flow to meet his monthly living costs. It may take several years to get out of debt, but now the consumer will have an attainable goal.
Consumer Assist negotiates consolidation loans on behalf of consumers. Contact us today and start on the path back to being debt-free and towards a sound credit record.
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