Cherae Kepler’s Post

See how debt settlement and debt consolidation differ from one another. #moneyadvice #finances

See how debt settlement and debt consolidation differ from one another. #moneyadvice #finances

See how debt settlement and debt consolidation differ from one another. #moneyadvice #finances

Here's what you should know about debt consolidation. #moneytips #finances

Here's what you should know about debt consolidation. #moneytips #finances

Know the Debt settlement Myths? We can provide relief from high-interest debt by negotiating new terms with creditors when financial hardships prevent full repayment. It’s a legitimate way to alter debt contracts but is often misunderstood. Myths include: ·        Everyone qualifies: Not all creditors will accept reduced payments. Once sold, it’s too late: Debt can still be negotiated even after being sold to a collection agency. ·        DIY is easy: Navigating debt settlement alone is challenging; professionals have expertise in negotiating and legal regulations. ·        Pay pennies on the dollar: Savings vary; significant discounts still require substantial payments. ·        High fees: Settlement companies typically charge 20-25% of the debt and can reduce payments significantly. Click to read more: https://lnkd.in/eFFr82bJ

Credit: Image: Me dia (Shutterstock) Debt consolidation can look like an easy solution if you have multiple loans or credit cards and are struggling to keep up with all their separate payments. But consolidation isn't right for every situation—especially if your goal is to give your credit score a quick boost.

Debt consolidation can be a transformative tool on your journey to financial freedom. By understanding your options, comparing rates, and seeking professional guidance, you can make informed decisions and pave the way to a debt-free future. Remember, you're not alone in this, countless Canadians have successfully utilized debt consolidation to regain control of their finances and achieve their goals. It's crucial to consult with a licensed credit counsellor or insolvency trustee to assess your options and make an informed decision. Let 2024 be the year you break free from the chains of debt and embark on a path toward a brighter financial future. Read all about it here: https://snip.ly/lr72wdk #DebtConsolidationCanada #CreditCardDebt #InterestRates #EquifaxCanada #StatisticsCanada #FinancialConsumerAgencyOfCanada #PegasusMortgages

Credit: Image: Me dia (Shutterstock) Debt consolidation can look like an easy solution if you have multiple loans or credit cards and are struggling to keep up with all their separate payments. But consolidation isn't right for every situation—especially if your goal is to give your credit score a quick boost.

Credit Card Debt Consolidation: All You Need to Know