Consolidating debt with standard bank
Debt consolidation can cost more money than it saves. You pay fees to the lender and to the debt consolidation company.
Unless you have a good credit history, you may not qualify for a loan with a low interest rate. If you want to pay off the debt sooner, there may also be a fee for that.
From the moment that Rob’s application was accepted, we took over all dealings with his credit providers and Rob could focus on what is really important – his business.
“Thank you very much for your quick assistance regarding my debt consolidation.
The payment reduction may come from a lower interest rate, a longer loan term or a combination of both.
By extending the loan term you may pay more in interest over the life of the loan.
We consolidated Rob’s debt into a single, affordable monthly repayment leaving him and his family with sufficient cash to prevent them from sacrificing their quality of life.
By understanding how consolidating your debt benefits you, you’ll be in a better position to decide if it is the right option for you.
This tool is for illustrative and educational purposes only and assumes excellent borrower credit history.
Your Annual Percentage Rate (APR) will be based on the specific characteristics of your credit application including, but not limited to, evaluation of credit history and amount of credit requested.
Your actual APR will be determined when a credit decision is made and may be higher than the rates shown.