Are you at your debt breaking point? Do you have too much high cost credit card debt? Is your bank account in overdraft. A job loss, wage reduction, illness or other personal emergency could be disastrous for you if you have no personal savings and you do not have the capacity to borrow.
Recently, Hoyes Michalos &Associates released a survey that showed that high consumer debt is the “New Normal“. The survey was widely discussed among financial experts, debt consolidation advisors and credit counsellors. The general consensus among these credit counselling agencies was that if you have a high level of debt you should develop a debt repayment plan to reduce your debt now.
If you are looking for debt consolidation options so you can consolidate your credit into one lower monthly payment we recommend that you try our online Debt Options Calculator. This calculator will help you compare the cost of different programs to consolidate your debt. It will tell you what your monthly payment would be and what the total amount you will pay over the life of the debt repayment option.
In particular, in will compare the most common debt relief alternatives including debt consolidation, a debt management plan and a consumer proposal.
If you would like to learn more about these alternatives and how they can help you consolidate your debts into one lower monthly payment so you can get out of debt sooner, we recommend you contact a debt expert today.