Debt Consolidation Loan Programs to Consolidate Your Debts (2024)

Are you stressed out from constant harassing phone calls and letters from your debt collectors? Is your credit card maxed out, with more and more fees being added to your credit card balances every single month?

Once credit cards start to reach their limits, it’s easy to get trapped in a cycle of over-the-limit charges, penalties, and higher interest rates, making it even harder to get things back under control. The anxiety caused by piling up credit card debt can be overwhelming. When debts keep growing faster and faster, it can feel like there is no way out.

If you feel like there’s no escape from your bad financial situation, take a breath because there IS a way to get help. From debt consolidation to credit counseling, there is always an option to gain back an excellent credit score.

Debt consolidation is one way to get relief from the stress of growing unsecured debt that you can no longer pay comfortably (if at all). At Alleviate Financial Solutions, we help you in consolidating credit card debtinto one monthly payment that’s easy to budget for, often slashing balances in the process, reducing interest and penalties so you can get out of debt faster.

What is Debt Consolidation?

Debt consolidation can also be referred to as debt adjustment or debt settlement. Companies that offer debt consolidation like Alleviate Financial Solutions specialize in negotiating with creditors directly every day, so you can rest assured you’ll get the most beneficial debt consolidation program and debt management plan available to you.

With a debt consolidation plan, you’ll be able to pay off debts easier and in a far shorter span of time than if you attempted doing it alone and by continuing to pay the revolving interest charges on your credit card balance each month. This type of interest eats up your payments, making it difficult to pay down your debt or save money at all.

On the other hand, a debt consolidation program converts the debt over to simple interest that takes far less time to pay down. More of your payment each month will go to reducing your debt, strengthening your certainty that you’re one step closer to financial freedom.

Debt consolidation with Alleviate Financial includes:

  • Reducing unsecured debt balances by slashing interest and fees
  • Reducing the overall amount paid on debt each month
  • Reducing your debt balances more each time you make a payment
  • Reducing fees and over-the-limit charges to lessen overall debt
  • Reducing the total time it takes to get out of debt and back on track

What Type Of Debt Can I Pay Off Through Debt Consolidation?

Debt consolidation can be a beneficial option for alleviating the burden of high-interest unsecured debts like credit cards, personal loans, or medical debts. By consolidating everything into one payment rather than multiple payments, you can both simplify your budget and have less going out every month. The best part is you’ll actually get out of debt sooner than if you’d continued paying higher payments!

The reason you’ll have to pay lower payments but get out of debt faster is that you’ll only be paying simple interest, and no new interest charges will be added to the balance each month. Unlike with credit card debt, where you’re charged interest on the entire balance every single month. Eventually, you wind up paying interest on interest, so it’s no wonder that type of debt is nearly impossible to escape once it grows to a certain point!

One key distinction to keep in mind about debt consolidation is that not all types of debt qualify to be included together in the debt relief program. Secured debt isn’t eligible for debt consolidation programs because this type of debt is backed by tangible assets like a car or a home.

With secured debt like home equity lines of credit, the lender can repossess or foreclose on the property that backs up the loan if the borrower stops paying. Because lenders can take back the property you borrowed, it’s critical to always pay these bills on time and before your unsecured debts if you’re struggling to stay ahead financially. Never risk losing your car to pay a credit card bill—credit cards can’t get you to work!

Can I Consolidate My Student Loans And Credit Cards?

Another consideration when it comes to student loan consolidations is that your student loans can’t be included in an unsecured debt consolidation program.

If you need to change your terms for your student loans, it’s best to contact the lender directly to develop a debt management plan to maintain timely payments. In some cases, it’s possible to combine student loans into one consolidated loan, but that depends largely on the type of student loan, and not all qualify. Again, these loans are not for unsecured debt like credit cards, personal loans, or medical bills debt.

Finally, remember that student loans cannot be included in bankruptcy, either. If your financial situation is bad enough, the student loan lender may grant you a forbearance, which is essentially a break from having to make payments. Note, the debt doesn’t go away with forbearance—it’s just a pause on your payments until your financial situation improves to the point you can resume paying down the loan amounts.

Debt Consolidation Services from Alleviate Financial

Debt consolidation services provide a superior financial alternative to filing for bankruptcy for the majority of people dealing with growing unsecured debt. Bankruptcy may wipe debts clean, but they require lengthy court processes and costs, along with affecting your credit score for ten years.

Instead of having a bad credit history for up to ten years with bankruptcy, debt consolidation may only affect your credit history for a few years while you’re paying down the program. Although there’s a lesser negative effect on credit, consolidating credit card debts still provides relief from heavy debt payments and embarrassing collection calls that are drowning you financially and causing daily stress.

Debt consolidation services from Alleviate Financial Solutions help people like you get relief from the stress and anxiety of constant calls from creditors or debt collectors and nasty letters demanding immediate payment on an ever-growing debt.

Finally Escape Your Growing Unsecured Debt

Unsecured debt can quickly spiral out of control, making it difficult to impossible to get back to a manageable level. Once limits are exceeded, fees pile up, and interest charges are increased, making the debt rapidly inflate. When this happens, payments can quickly jump, making it harder to pay the bill on time, resulting in late fees. In situations like this, you need someone on your side to deal with your creditors to chop down fees and interest so you can get back on track.

Alleviate Financial has top negotiators who are ready to help you consolidate debts and get things turned around financially. We speak to your creditors on your behalf to come up with a debt consolidation plan that makes sense for your financial goals and works for your best interests.

We help make paying off your debt more manageable, and we help you get it done in less time. By consolidating your debt into one lump-sum payment every month through a debt settlement, you’ll have a straightforward amount to budget for and at a lower total expense than your current combined payments. With this option, you’ll be able to save money as well!

Another reason debt consolidation helps you pay unsecured debts faster is that the interest is simple rather than revolving, so you aren’t being charged new interest on top of old interest each month. More of your monthly payment goes toward paying down your balance instead of interest to the credit card company.

Aside from having a more manageable single monthly payment, debt consolidation saves many of our clients thousands of dollars in interest charges and fees, such as over-the-limit charges and penalty interest rates. This reduction in your balance helps you get out of a dire financial position much sooner, and each payment will be making a more significant difference toward getting you on track financially.

Our passion at Alleviate Financial Solutions is helping people alleviate their money stress and regain their financial freedom. We understand the kind of pressure caused by the financial effects of unsecured debt companies’ practices that increase debt quickly, and we are here to stop them from continuing to make your day harder than it already is.

We’re determined, experienced advocates who constantly strive to provide you the debt relief you deserve. We want to see you succeed financially and in life.

What Debt Consolidation Results Can Alleviate Financial Give You?

Ready to put a stop to harassment and being hit with high fees by your creditors? Here at Alleviate Financial Solutions, we work hard every day to get the best debt consolidation results for people in situations just like yours. When you take the first step toward a new financial future, you can expect our debt consolidation experts to deliver the relief you’ve been needing.

You’ll be able to free yourself from your debts faster than without debt consolidation, often in a few years. When paying unsecured debt like credit card debts, the interest charges can eat up most of your monthly payment, making it take an extremely long time to pay the principal balances down.

Professional assistance from seasoned experts in debt consolidation can provide assurance that you’ll get the most significant reductions in your debt balances possible. Our seasoned negotiators deal with creditors every single day to get the lowest rates in interest charges, late fees, and over-the-limit fees that have been making it so difficult to pay off debts.

Once our team reaches an agreement with your creditors, you’ll be set up on a program with one lower yet more impactful payment into a debt repayment savings account.

No longer will you be dealing with paying multiple payments that cost you more but never move the needle on getting out of debt. One simple payment helps you budget with the peace of mind that if you stay on track until the program’s end, you’ll pay off the debt and be financially free again.

As part of our commitment to your financial well-being, we help you establish intelligent financial habits to get you out of debt faster and stay out of debt long-term. We regularly publish resources for getting out of debt on our blog and YouTube channel to help you stay out of a bad financial situation in the future. Once we help you escape the grip of unsecured debt, it’s our mission to help keep you from ever finding yourself in that stressful situation again.

Risk-Free Debt Relief Assessment

As an expert in the field of debt relief and financial solutions, I can assure you that addressing overwhelming debt is a multifaceted challenge that requires a deep understanding of various financial concepts and strategies. It's not merely about dealing with harassing phone calls and letters but implementing effective solutions that can lead to genuine financial freedom.

Now, let's delve into the key concepts used in the provided article:

  1. Debt Consolidation:

    • Definition: Debt consolidation involves combining multiple debts into a single, more manageable payment. This often includes negotiating with creditors to reduce interest rates and fees.
    • Purpose: The primary goal is to make it easier for individuals to pay off their debts by simplifying the payment process and potentially lowering overall interest payments.
  2. Debt Adjustment or Debt Settlement:

    • Definition: Debt adjustment or debt settlement is a component of debt consolidation where companies negotiate with creditors on behalf of individuals to reduce overall debt balances.
    • Role: Companies specializing in debt consolidation, like Alleviate Financial Solutions, engage in direct negotiations with creditors to secure the most beneficial debt consolidation program for clients.
  3. Unsecured Debt:

    • Definition: Unsecured debts are not tied to any specific asset (e.g., a house or car). Credit cards, personal loans, and medical debts mentioned in the article are examples of unsecured debts.
    • Qualification for Debt Consolidation: Debt consolidation primarily focuses on high-interest unsecured debts.
  4. Secured Debt:

    • Definition: Secured debts are backed by tangible assets, such as a home or a car. These assets can be repossessed or foreclosed upon if the borrower fails to make payments.
    • Ineligibility for Debt Consolidation: Secured debts, like home equity lines of credit, are not eligible for inclusion in debt consolidation programs due to the tangible collateral involved.
  5. Student Loans:

    • Consideration: The article mentions that student loans cannot be included in unsecured debt consolidation programs.
    • Alternative Solution: For managing student loans, the article suggests contacting the lender directly to explore debt management plans, which may involve consolidating student loans based on the type of loan.
  6. Bankruptcy vs. Debt Consolidation:

    • Comparison: Bankruptcy is contrasted with debt consolidation, highlighting that while bankruptcy may wipe debts clean, it comes with lengthy court processes, costs, and a significant impact on credit scores.
    • Benefits of Debt Consolidation: Debt consolidation is presented as a preferable alternative with a potentially lesser negative effect on credit history.
  7. Debt Consolidation Services:

    • Benefits: The article outlines the benefits of debt consolidation services, emphasizing the reduction of interest charges, fees, and the overall time it takes to get out of debt.
    • Role of Alleviate Financial Solutions: Alleviate Financial Solutions is portrayed as a provider of superior debt consolidation services with experienced negotiators who communicate with creditors on behalf of clients.
  8. Results of Debt Consolidation:

    • Outcome: The article suggests that debt consolidation can lead to significant reductions in debt balances, lower interest rates, and more manageable monthly payments.
    • Professional Assistance: The involvement of seasoned experts in debt consolidation is highlighted, emphasizing their ability to negotiate with creditors to achieve optimal results.

In conclusion, the article promotes the idea that debt consolidation, particularly through services like Alleviate Financial Solutions, can be a powerful strategy for individuals facing overwhelming unsecured debts. It aims to provide not only immediate relief but also long-term financial stability through intelligent financial habits.

Debt Consolidation Loan Programs to Consolidate Your Debts (2024)


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