How is debt settlement different from debt consolidation?
Debt settlement is a program that will help you save money to pay your unsecured debts in the future. Debt consolidation, on the other hand, is a loan that is designed to simply reduce your interest rates among your creditors. Depending on the amount of debt that you owe, it may take literally decades to clear your name, even with a reduced interest rate. Not to mention, consolidation could also negatively affect your credit score.
Debt settlement is a program that will help you save money to pay your unsecured debts in the future. Debt consolidation, on the other hand, is a loan that is more commonly known as a refinance, where one would typically refinance their house and pull money out to pay off the credit card debts, which in turn converts your unsecured debt to secured debt, which we definitely don’t recommend.
Debt settlement is a program that will help you save money to pay your unsecured debts in the future. Debt consolidation, on the other hand, is a loan that is designed to simply reduce your interest rates among your creditors. Depending on the amount of debt that you owe, it may take literally decades to clear your name, even with a reduced interest rate, not to mention, consolidation could also negatively affect your credit score.
Debt settlement is a program that will help you save money to pay your unsecured debts in the future. Debt consolidation, on the other hand, is a program that is designed to simply reduce your interest rates among your creditors. Depending on the amount of debt that you owe, it may take literally decades to clear your name, even with a reduced interest rate. Not to mention, consolidation will also negatively affect your credit score. Who qualifies for a debt settlement program? A debt settlement program is certainly not for everyone. Qualified candidates are those who have a legitimate financial hardship, which has caused them to fall behind on their payments to creditors, or will cause them to fall behind in the near future. Lifeguard Financial will not welcome anyone into the program that has the intentions of defrauding, deceiving, or swindling their creditors. We only represent consumers who are truly in need of our services & stand to significantly improve their financial situatio
