Debt Consolidation
Debt consolidation is
when you combine all your loans into one loan. This
is often accomplished by a obtaining a second
mortgage on your home. Here is an example
of how a debt consolidation loan can improve your
cashflow.
| Debt | Payment | Total Owed | Interest Rate |
| Credit Card 1 | $250 | $12,000 | 18% |
| Credit Card 2 | $300 | $22,000 | 16.50% |
| Auto Loan | $450 | $36,555 | 9% |
| Boat Loan | $254 | $18,544 | 18% |
| Total | $1,254 | $89,099 | |
| New Loan | $704.59 | $89,099 | 5% |
| Monthy Savings | $549.41 |
There is no Credit Fairy but you can improve your credit score.
Home | Debt Settlement | Credit Repair | Bankruptcy | Debt Consolidation
Helpful
Consumer
Links
Loanfix.us -
National Mortgage Help Center
Credit Fairy - Credit Repair Help
LendersCompete.com - Where lenders compete for your business
Credit Fairy - Credit Repair Help
LendersCompete.com - Where lenders compete for your business