is an overall pandemic. Consistently, some American shoppers have gotten so overpowered by their obligation commitments, and they see no chance to get out except for through petitioning for financial protection or by looking for the administrations of credit advisors. In the past year, the amount of people who have declared bankruptcy has increased by 32%. Because of the increasing figures, there is equal desperation among consumers of avoiding bankruptcy and credit counseling avenues.
However, if you are one of the many people in the US who can not find a way to knock out their debt load, there is another answer – Best Debt Consolidation Companies. The concept of debt consolidation is relatively straightforward. Instead of taking the approach of handling each bill separately, debt consolidation allows you to receive one invoice each month that consists of each debt you owe.
Lower Interest Rate
For example, you are holding an outstanding balance with credit card company A, credit card company B, and car loan company 1. You owe company A $5,000 at a 10% interest rate, company B $15,000 at a 12% interest rate, and company 1 $25,000 at a 7% interest rate. This equals a …