written by jennifer s l.
Skip this Video
Loading SlideShow in 5 Seconds..
Is A ???Debt Consolidation Loan??? Right for You PowerPoint Presentation
Download Presentation
Is A ???Debt Consolidation Loan??? Right for You

Loading in 2 Seconds...

play fullscreen
1 / 6

Is A ???Debt Consolidation Loan??? Right for You - PowerPoint PPT Presentation

  • Uploaded on

I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
Download Presentation

PowerPoint Slideshow about 'Is A ???Debt Consolidation Loan??? Right for You' - guest10670

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

Are you looking for a Debt Consolidation Loan? If yes, then it can possibly be the best option to get you out of debt. While this statement is true but the correct question is – is debt consolidation loan the right answer to your debt problems?


Debt consolidation loan is very helpful if you have the right financial discipline. As well as there are a few things that you should consider while taking a debt consolidation loan. If you do not take the appropriate measures, then it can possibly multiply your debts problems. Take it from the right lender, else beware of the high interest rates, costly add-ons and hidden fees.


Debt consolidation loan is not a magic wand which can settle all your debt, in a moment. They help you by paying just one loan rather than multiple loans. But sometimes, people fail to recognize its limitations and fall into more trouble.

keep in mind two things while taking a debt consolidation loan
Keep in mind two things while taking a debt consolidation loan:
  • It will not fix your habit which lead you into debt, in the first place: overspending.
  • Look out for any hidden fees, as they are designed to profit the lender and they result in more expensive loans.
do you know these facts
Do you know these facts:
  • Interest on Personal loans, for people with good credit score is around 14% to 15%. However, interest on the same loan can be as high as 18% to 21%, for the people with bad credit score.
  • Due to bad financial habits, many people fall into debt once again, even after taking a debt consolidation loan. If they do not discipline their spending habits, they may come closer to bankruptcy.
  • The insurance cost is added up front, and you end up paying interest each month on this extra amount.
  • If taken appropriately and after right financial consultation, then debt consolidation loan can possibly lower the interest rate on your loans.