Consolidate My Bills & Debts
- Review your goals, in order to find the way to consolidate bills that will help you accomplish them.
- Shop around to find the best debt consolidation option.
- Weigh the pros and cons of each option available to consolidate bills.
Consolidate My Bills & Debts (with video)
If you have been reading up on debt consolidation, you may have seen the phrase "consolidate my bills." Consolidating bills can mean consolidating debts, but it does not have to. Consolidating bills can simply mean arranging for automatic billing to a credit card that you pay off every month or arranging for automatic withdrawals from your checking account so you do not have to handle regular monthly bills.
If you want to consolidate your debt to reduce your interest charges or interest rate, then you need to do more than consolidate bills. On the other hand, you can consolidate your bills to streamline your finances and save time. Bills.com has all the resources you need to learn how to consolidate bills. If you want to consolidate debt, the Bills.com Savings Center is the place to do that.
Options for Consolidating Debt
When you look to consolidate debt you have many options, from services like debt management, debt settlement, or credit counseling to debt consolidation loans and mortgage refinancing. Some primary considerations to keep in mind, when shopping for the best way to consolidate bills, is to look at how much you can afford each and the size of the program's monthly payment and also what the program's impact will be on your credit rating.
If you can currently afford to make all your required monthly payments and have equity in your home, then look to consolidate debts with a cash-out loan or refinance. If you can afford to make a minimum monthly payment that is about 2.5% of the total of your debts, then look to credit counseling. Credit counseling will lower your interest rates, likely lower your monthly payments, and speed up the time it takes you to get out debt. If your biggest priority is getting out of debt then make sure to speak with a reputable debt settlement provider. Debt settlement will likely offer you the lowest monthly payment of any debt consolidation option, which can be a great relief when trying to make it from month to month. Because the biggest negative of debt settlement is the impact on your credit rating, if you already have impaired credit, debt settlement becomes even more attractive.
The debt settlement industry is now required to follow a set of new rules issued by the Federal Trade Commission that went into effect in October, 2010. These rules were created to protect the consumer. For instance, anyone now enrolling in a debt settlement program is not required to pay a service fee to the settlement firm until his or her account has been settled. This makes settlement an even more attractive option for the consumer.
No matter want choice you make when deciding how to consolidate debt, let Bills.com point you in the right direction with advice and debt consolidation providers that have been pre-screened to help you consolidate debt.
- Credit Card Debt Settlement
- Refinance Car Loan or Auto
- Finding a Debt Consolidation Loan If You Have Bad Credit
- Control Your Holiday Spending and Deal with Holiday Debt
- InCharge Debt Solutions
- Money Management International
- Credit Counseling
- Consolidate Debt
- Consolidating Bank of America Debt
- Refinance Overview
- Debt Loans to Consolidate Debt
- Bad Credit
- Chase Credit Card Debt Consolidation
- Consolidate My Debt
- Bill Consolidation
- Buy a Home with an FHA loan
- Tax Debt Relief Options
- Hardship Based Loans
- Debt Consolidation Loans
- Pay Off Loans
- Consolidate Bills
- Dave Ramsey
- Using a 401k Withdrawal to Invest in Real Estate
- Keeping Records
- 401k withdrawal and international wire transfer
- Fidelity and European Debt Crisis
- Roth IRA Withdrawal to Pay Debt
- IRA Gift
- Roth IRA Conversion
- Selling Timeshare
- 529 savings plan
- Extra Mortgage Payment
- Private Mortgage
- Refinance Income?
- 1099-A vs. 1099-C
- California Service of Process
- IRA withdrawal and farm income loss
- California Attorney Malpractice
- Social Security Disability
- Defined Benefit Pension & Annuity
- Bonded Title
- Annuities or Municipal Bonds?
- Investment Adviser & Estate Planning
- California Eviction
- Investment Adviser
- Balance Savings
Search answers to other readers' questions, or ask your own and get a personal answer!
Learn how much you can save over time by cutting back on your daily latte or other small expenses that add up!
Consolidation? Credit counseling? Debt settlement? Bankruptcy? New loans? Debt Coach, a free online tool, gives tailored advice to help you find the right solution for your needs.
Use our Debt Consolidation Calculator to learn how much your loans actually cost, and to find solutions to save money!
How savvy are you about your personal finances? Take this quick quiz to learn insights into your finance habits and your Bills IQ.
Deciding if a mortgage refinance loan is right for you? Our calculators make it easy. Plug a few key facts about your old loan into our calculator, and learn if a refinance makes sense for you.
See today's national averages for adjustable and fixed-rate mortgages. Then drill-down to learn what is the best rate for you!
Learn what your fellow Bills.com readers think about financial solutions providers and mortgage lenders. We want you to share your experiences, too!
If you want to dive deep into your debt relief options, including the costs of each solution, read these whitepapers. Includes references, so you can follow-up on each fact cited.
Bills.com experts explain, in fast-paced videos, the basics of refinance, debt relief, student loans, and more.
Tool Box Easy to use resources to help you find solutions to your money questions