Debt Consolidation Virginia

Article provided by: Christian Debt Counselors

Christian Debt Counselors is a non-profit Christian organization providing debt consolidation in Virginia. Trust us to operate with integrity and transparency at all times. We don't make promises we can't keep and we don't overcharge for our services. We provide debt consolidation in Virginia along with other amicable debt settlement services to provide quality financial solutions for our clients and their creditors. Our aim is to use scripturally-guided principles to help our clients get out from under the heavy weight of debt and improve the quality of their lives for the long-run.

How Does Debt Consolidation Work?

Debt consolidation is the act of applying for and receiving a new loan to pay off existing debts. Debt consolidation lumps all of your debts into a single monthly payment with more favorable payoff terms. The best debt consolidation programs offer both lower monthly payments and lower interest rates. All types of debt, including student loans, credit card debt, medical debt, and other debts, can be included in a debt consolidation program. To learn more about debt consolidation in Virginia, contact Christian Debt Counselors today. We're here to help people get out of debt permanently.

Debt Consolidation Methods

There are multiple ways a consumer can consolidate their debts. One of the most popular debt consolidation methods is lumping all of your credit card payments onto a new credit card with little or even no interest for a specified period. If getting a new credit card is not an option, consumers can use an existing credit card's Balance Transfer feature. Another favorite way to consolidate debts is through a home equity loan. Home equity loans are attractive to some consumers because home equity loans are tax deductible. Also, there are many different government debt consolidation programs for student loan debt. Talk today with the best provider of debt consolidation in Virginia, Christian Debt Counselors, to discuss your consolidation options.

Secured Vs. Unsecured Loans

Secured debt consolidation loans require collateral up-front. A secured loan must be backed by an asset of the borrower's, such as a house or a vehicle. Secured loans are the most common type of debt consolidation loans and are the easiest to be approved for. Unsecured loans, on the other hand, are more difficult to get and are much less common than secured loans. Unlike secured loans, unsecured loans are not backed by a borrower's assets. Unsecured loans also have significantly higher interest rates, but since the borrower is already in financial crisis at the time of seeking a consolidation loan, lenders are usually apprehensive about giving unsecured loans.

If Debt Consolidation isn't Right for You

Contact Christian Debt Counselors for debt consolidation in Virginia. We'll sit down with you, get to know you, and assess your finances. After a thorough evaluation of your current financial situation, we'll give you an honest recommendation. Debt consolidation is not an option for everyone who seeks it. If debt consolidation is not an option for you, don't be discouraged! Bankruptcy isn't the only alternative. Christian Debt Counselors offers other debt services. We have a vast array of tools in our belts to help our clients get back on track.

The best provider of debt consolidation in Virginia also happens to be the number one provider of debt settlement and credit counseling in Virginia. Debt settlement and credit counseling are excellent alternatives to debt consolidation. To learn more about debt consolidation in Virginia or about other debt services, contact Christian Debt Counselors today. We'd love to help you get out of debt and stay out of debt.

Debt Consolidation Virginia