Home Equity Loan Debt Consolidation
Get out of debt faster with home equity loan debt consolidation.
If you are like most Americans, you are dealing with quite a bit of debt. Excluding home mortgages, the average American household now has about $15,000 in debt, roughly $10,000 of which is credit card debt. The price consumers pay for credit card debt is steep-the average credit card charge costs about 115% more than making the purchase in cash. Credit card debt can quickly spiral out of control. To illustrate, if you put a $1,000 charge on your credit card and make only 2% minimum payments, it will take you 22 years to pay off! However, credit card debt can be made manageable again with home equity loan debt consolidation. Home equity loan debt consolidation helps you regain control of your finances and get out of debt faster.
About Home Equity Loan Debt Consolidation
Home equity loan debt consolidation is a debt consolidation loan that is secured against the value of your home. You convert the equity in your home into cash to pay off your other debts, thereby reducing your monthly payments and interest rates. After home equity loan debt consolidation, you will have one creditor and one monthly payment to worry about instead of dozens. The main benefit of home equity loan debt consolidation over a traditional debt consolidation loan is significantly lower interest rates. Because the loan is secured against your home, lenders face less risk and are then able to offer you more competitive interest rates. Obviously, these rates will be substantially lower than those you are paying on your credit cards and other unsecured debts. Check out our how it works page for more information. Here are some advantages of home equity loan debt consolidation:
- Consolidate your many, high-interest debts into one loan
- Only one monthly payment and one creditor to worry about
- Reduce interest rates
- Lower monthly payments
- Get out of debt faster
- Enjoy lower rates than with traditional debt consolidation loans
Apply Now for Home Equity Loan Debt Consolidation
You don't have to stay mired in debt forever. Let home equity loan debt consolidation help you get out of debt quickly with less hassle. Just click "apply now" to fill out our free online application for home equity loan debt consolidation. The application can be completed in less than five minutes, and we will then supply you with a free quote on home equity loan debt consolidation. Don't waste another dime on high-interest debt...consolidate today!