PostHeaderIcon Pros and Cons of Debt Consolidation Loan

Pros and Cons of Debt Consolidation Loan


Free Online Articles Directory




Why Submit Articles?
Top Authors
Top Articles
FAQ
ABAnswers

Publish Article

0 && $.browser.msie ) {
var ie_version = parseInt($.browser.version);
if(ie_version Login


Login via


Register
Hello
My Home
Sign Out

Email

Password


Remember me?
Lost Password?

Home Page > Finance > Debt Consolidation > Pros and Cons of Debt Consolidation Loan

Pros and Cons of Debt Consolidation Loan

Edit Article |

Posted: Sep 27, 2010 |Comments: 0
|



]]>

Are you stuck with multiple loans? Are you stressed out trying to figure out to pay these indebted companies? Whether you have to pay a college loan, medical loan or installment of a purchase, a debt consolidation loan can be a solution to your problem.

As defined, debt consolidation loan is a loan that you can avail which pay out all the different debts that you may currently be having. It is just like having one main loan which will manage all other minor debts. With debt consolidation loan, you can consolidate all the credit card debts and other bills into one manageable loan and lower your monthly payments.

Debt consolidation loan is beneficial as it combines all the loans you may be juggling all at once and allows you to take control of your finances. It also compresses all interests that come along with different loans because a debt consolidation loan usually offers lower long-term interest rate, which means you pay fewer interest costs. In addition, you can also opt to lengthen the time you have to pay the loan according to what suits your capability, and lower your monthly payment.

If you pay off the loans you have through the debt consolidation loan, your credit standing can also gain positive rating, which makes it easier for you to obtain line of credit or loans in the future. Most importantly, a debt consolidation loan can give you a stress-free mind which leads to improved psychological and physical health.

On the other hand, debt consolidation loan could also be a trick that leads you into thinking that you can be freed from debt, and gives you an all the more unmanageable loan instead. Since you need to have your credit status checked when applying for a debt consolidation loan, you may get a higher interest rate if your credit is worsened. Even if debt consolidation loan allows you to pay less every month, but considering the lengthened repayment term for you to pay off the loan, the amount of your total payment may be higher than the original debt amount.

It doesn’t really matter whether you choose debt consolidation loan or any other debt relief solutions as long as it fits you and leads you to the right financial direction. What matters most is that you take action about the situation, learn from past experiences, and make sure you don’t spend more than what you can earn from now on.

Retrieved from “http://www.articlesbase.com/debt-consolidation-articles/pros-and-cons-of-debt-consolidation-loan-3354905.html

(ArticlesBase SC #3354905)

Start increasing your traffic today just by submitting articles with us, click here to get started.
Liked this article? Click here to publish it on your website or blog, it’s free and easy!

Wilson Snyder
About the Author:

Want to learn more about debt management programs such as debt consolidation, visit Debt Consolidation Help for more advice and tips.

]]>

Questions and Answers

Ask our experts your Debt Consolidation related questions here…

Ask

200 Characters left

I am 62 years old ,retired and a home owner with home owners insurane. Can I apply for a reverse mortgage loan or any other debt consolidation loan
What are debt consolidation loans?
What are the best debt consolidation companies ?

Rate this Article

1
2
3
4
5

vote(s)
0 vote(s)

Feedback
RSS
Print
Email
Re-Publish

Source:  http://www.articlesbase.com/debt-consolidation-articles/pros-and-cons-of-debt-consolidation-loan-3354905.html

Article Tags:
debt consolidation loan, debt consolidation, debt management programs, debt consolidation help, debt relief solutions

Related Videos

Related Articles

Latest Debt Consolidation Articles
More from Wilson Snyder


How Soon Should You Repay Student Loans

The average college student graduates with more than $23,000 of student loan debt. Ray Martin tells you how to be smart about repaying it. (02:04)


What To do If You Cannot Pay Your Student Loan

Janet Bodnar explains that there are ways to get a reprieve if you need it as well as other options available to you if you cannot keep up with your student loan payments. (02:57)


The Implications of Defaulting on Your Student Loan

Rebecca Jarvis explains the implications of defaulting on your student loan and what to do to avoid it on the Early Show. (02:07)


How to Repay Student Loans – Part 19

How to reduce student loans quickly – How do I go about consolidating my student loan? (01:27)


How to Repay Student Loans – Part 18

How to reduce student loans quickly – Are all student loans eligible for consolidation? (01:03)

Debt Consolidation Loan

Debt consolidation and credit card debt settlement services in USA including fast and free quote to reduce credit card debt, bad credit or bankruptcy loans consolidation, consolidate bad debts and lower the interest rates with only single monthly payment for students & soldiers also.

By:
Karl Capriol

Finance>
Debt Consolidationl
Oct 07, 2008
lViews: 171

Bad Credit Debt Consolidation Loans – Is This A Realistic Option For You?

You may be in a situation where your credit rating is so bad that you cannot qualify for a debt consolidation loan… So you think. While it is true that having poor credit is like having chains that bind you so you can barely move; it is equally true that there’s a way to be free from those chains even if your rating is low. The solution to get you out of such a disturbing situation is bad credit debt consolidation loans. This type of loan is not uncommon and it’s easier than you think.

By:
Grey H.l

Finance>
Debt Consolidationl
Mar 12, 2010

Advantages & Disadvantages of Debt Consolidation Loans

Using a consolidation loan to resolve a debt issue may not be a perfect solution for everyone. There are a few disadvantages of debt consolidation loan besides its advantages that benefit the borrowers. You should consider these factors when deciding to consolidate your debt with a loan.

By:
Henry Davidsonl

Finance>
Loansl
Oct 19, 2009

Clear Up Your Debt Mess With Debt Consolidation Loans

If you are not able to repay your debts, then you will simply get them spiraled because of the added move disguise time.

By:
Mili Guptal

Finance>
Debt Consolidationl
Jun 02, 2010

Debt Management Relief – Tips To Locate Legitimate Debt Management Programs

The essential criteria when making a choice is that one must know the constituents of a debt management program. Here’s small list of what usually constitutes a debt management program.

By:
Channing Blainel

Finance>
Debt Consolidationl
Sep 01, 2010

Debt Relief Solutions-Know Your Options

If you are drowning in debt and not sure what to do, we have your answer. There are several options you can choose to help with your debt problems. The key is knowing which one is best for you. We will explain all your options to help you make the right decision.

By:
John Barenthinl

Finance>
Creditl
Aug 23, 2010

Simple Debt Relief Solutions For Realistically Getting Out Of Debt

All said and done, the best way to ensure freedom from debt is by prudent management of your finances. Keep an eye on the balance between your income and expenditure, cut down on unnecessary expenses, make it a habit to pay your bills on time and learn the virtues of thrift for a permanent debt relief solution.

By:
pollstumpl
Financel
Jun 21, 2010

Debt Relief Solutions Using Elimination Methods and Strategies

Consolidation of the mechanisms and an open business solution for today at the most acclaimed, including debt elimination of your obligations when it is applied is one of many strategies.

By:
Arthor Pensl

Finance>
Debt Consolidationl
Jan 17, 2010

Finding the Best Momentum Trades in the Market—This Stock Market Advice Works

Individual stock-picking is difficult at the best of times and, no matter what, trades are perpetually at the whim of prevailing stock market sentiment. More often than not, however, the right story comes to the market at the right time with the right “package” that institutional investors are looking for. As individual investors, we always have to be watching and evaluating which micro-cap stocks large, institutional investors could invest in. As we all know, institutional investors are the onl

By:
Mitchell Clarkl

Finance>
Debt Consolidationl
Mar 02, 2011

Debt Consolidation Loan – Choose the best plan for console your debts

Take a good debt consolidation plan and improve your credit score and get rid of multiple debts in one shot.

By:
Alan Polyl

Finance>
Debt Consolidationl
Mar 02, 2011

You are What you ‘Think’ and so is Your Money. Think About It

So you thought that your innermost thoughts are just your own and cannot be known or heard by anyone! Think again. Our internal feelings and thoughts mostly manifest itself into real situations in our life and then we keep wondering about how our fears and hopes often come true. The fact is our identity and reality is influenced with what we think in general about particular aspects of life and also depends upon how we subtly imagine our life to be.

By:
allysamarksl

Finance>
Debt Consolidationl
Mar 02, 2011

Practices That Can Elevate and Manifest the Power of Money in your Life

The current attack of debt and its ill effects have turned our financial conditions into a rut and the same has forced us take several financial decisions, mostly wrong, in haste and anxiety. However, with some of our constructive actions and apt decisions we can take control of our diminishing finances. Let us take an oath to stay focused on improving our monetary status by taking and fulfilling certain resolutions.

By:
allysamarksl

Finance>
Debt Consolidationl
Mar 02, 2011

Medical Debt Relief – How To Legally Avoid Bankruptcy With Medical Debt

Many people become debtors just because of these bills. For these people, medical debt relief programs do a good job.

By:
jerryarcherl

Finance>
Debt Consolidationl
Mar 01, 2011

Credit Debt Settlement – A Legal Way To Stop Bankruptcy And Settle Credit Debt

Getting out of debts at the moment is much more important. Credit debt settlement can eliminate debts up to 50% or more. This will cost a little percent of this total elimination.

By:
pollstumpl

Finance>
Debt Consolidationl
Mar 01, 2011

Credit Card Debt Relief Help – Why Bankruptcy Should Always Be Your Last Option

Credit counseling is a sort of credit card debt relief help. It provides necessary education and credit management training to individuals so that they can pay the debt by saving more.

By:
arnoldfraizerl

Finance>
Debt Consolidationl
Mar 01, 2011

Credit Card Debt Relief – Why 2011 Will See More Debt Settlement Deals

They have to make more and more settlements. This task can be accomplished if the credit card industry collaborates with the debt settlement industry. Other solutions don’t work for many people.

By:
smith archerl

Finance>
Debt Consolidationl
Mar 01, 2011

Why Orange Sapphire Rings Are Perfect Valentine’s Day Gifts?

Are you seeking to get your wife or your girlfriend a one-of-kind, unique gift for Valentine’s day, but you aren’t sure what to buy; then give consideration to buying one of the numerous orange sapphire rings for sale! These rings are less common than other types of rings and chances are the ring you buy will be the first that your beloved receives of its kind! Orange color sapphires are highly attractive, affordable, and lovely.

By:
Wilson Snyderl

Shopping>
Jewelryl
Jan 18, 2011

Why A Pair of 1 Carat Diamond Earrings Makes Perfect Valentine’s Day Gift?

Men seeking to find a perfect gift for Valentine’s Day for the women that they love should consider 1 carat diamond earrings. When it comes to diamond, men can rest assured in knowing that such a gift will always be remembered and well-appreciated! These earrings are lovely, attractive, affordable, and every woman loves the moment that they get a precious pair of earrings made of diamonds.

By:
Wilson Snyderl

Shopping>
Jewelryl
Jan 18, 2011

What’s the Best Low Fat Diet Plan?

Dieters seeking to engage in a low fat diet plan will often wonder: what is the best plan to follow? When it comes to diets, is one better than the other? There are many diets that encourage the reduction of fat consumption in order to lose weight, and on the surface they may all seem the same. There are some identifying markers that one can use however, to identify the best low fat plan to follow. Let’s examine what some of the top diets promote.

By:
Wilson Snyderl

Sports and Fitness>
Weight Lossl
Jan 18, 2011

What You Need to Know Before Engaging in the Low Carb Diet Plan?

As you give consideration to going on a low carb diet plan, there are some things that you will want to be aware of before you begin. You can benefit from knowing some facts about this kind of dieting plan, and you can also put a few tips to use to ensure your dieting success. Let’s examine some of the top factors you should give consideration to before engaging in a diet with a low carbohydrate meal plan.

By:
Wilson Snyderl

Sports and Fitness>
Weight Lossl
Jan 18, 2011

What Is Female Libido Enhancer and How Does It Work?

Many consumers always hear about libido enhancement offerings for men and are then surprised to hear of such offerings for women. A feminine libido enhancer is a product that is offered to women that are experiencing a diminished desire for sex. These products are made of all natural ingredients that address body and mind issues at the root of a low sex drive. So do these enhancers actually work?

By:
Wilson Snyderl

Health>
Women’s Healthl
Jan 18, 2011

What Are the Benefits of HGH Supplements?

If you are first hearing about HGH supplements, you may be a bit curious about their advantages. In truth, there are some truly amazing benefits that one can derive when choosing to use these supplements. You will find that these supplements are affordable, made of high quality, are easily accessible, and you will also find that their ingredients offer you many health benefits. Let’s examine some of the key benefits you can derive through their use.

By:
Wilson Snyderl

Health>
Anti Agingl
Jan 18, 2011

Tips of Buying the Perfect Plus Size Clubwear

Just because you are a plus sized woman, it doesn’t mean you can’t look fantastic when you head out for the nightclubs; there are many plus size clubwear offerings available. Many of the plus sized offerings will help you feel and look your absolute best while you socialize, meet new people, and dance the night away! Here are some tips for finding spectacular clubwear offerings for plus sized women.

By:
Wilson Snyderl

Shopping>
Clothingl
Jan 18, 2011

Stripper Clothes – Add Spice to Your Valentine’s Day

It’s a fact that many women find stripper clothes appealing, especially if they are making super romantic plans for Valentine’s Day. This type of clothing is not only ideal for strippers, but for women seeking to transform themselves into a temptress in the bedroom. Let’s take a look at a few of the top stripper fashions that are suitable for Valentine’s Day and other romantic encounters!

By:
Wilson Snyderl

Shopping>
Clothingl
Jan 18, 2011

Add new Comment

Your Name: *

Your Email:

Comment Body: *

 

Verification code:*

* Required fields

Submit

Your Articles Here
It’s Free and easy

Sign Up Today


Author Navigation

My Home
Publish Article
View/Edit Articles
View/Edit Q&A
Edit your Account
Manage Authors
Statistics Page
Personal RSS Builder
My Home
Edit your Account
Update Profile
View/Edit Q&A
Publish Article
Author Box


Wilson Snyder has 328 articles online

Contact Author

Subscribe to RSS

Print article

Send to friend

Re-Publish article

Articles Categories
All Categories

Advertising
Arts & Entertainment
Automotive
Beauty
Business
Careers
Computers
Education
Finance
Food and Beverage
Health
Hobbies
Home and Family
Home Improvement
Internet
Law
Marketing
News and Society
Relationships
Self Improvement
Shopping
Spirituality
Sports and Fitness
Technology
Travel
Writing

Finance

Accounting
Banking
Credit
Currency Trading
Day Trading
Debt Consolidation
Insurance
Investing
Loans
Mortgage
Personal Finance
Real Estate
Taxes
Wealth Building

]]>

Need Help?
Contact Us
FAQ
Submit Articles
Editorial Guidelines
Blog

Site Links
Recent Articles
Top Authors
Top Articles
Find Articles
Site Map
Mobile Version

Webmasters
RSS Builder
RSS
Link to Us

Business Info
Advertising

Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2011 Free Articles by ArticlesBase.com, All rights reserved.

Want to learn more about debt management programs such as debt consolidation, visit Debt Consolidation Help for more advice and tips.

Leave a Reply

Powered by Yahoo! Answers