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Ways to Reduce Credit Card Debt

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Daniel Cohen
UpdatedSep 4, 2024

Is using a debt consolidation service a bad idea if you currently rent and would like to buy a house within 2 years? What woul

Is using a debt consolidation service a bad idea if you currently rent and would like to buy a house within 2 years? What would the best ways to reduce $8,000 in credit card debt be?

There are many forms of debt relief, including: i) debt consolidation loans, ii) credit counseling, iii) debt negotiation, and iv) bankruptcy.

In your case, the only solution that will not impair your credit profile is a debt consolidation loan.

Debt consolidation can benefit you in many ways: i) monthly cash flow, ii) total savings, iii) interest deductibility, and iv) your credit rating.

However, all forms of debt consolidation are not the same. You need to consider your specific situation, including if you own or rent your home, your monthly debt to income ratio, and your credit rating. A program like a debt consolidation loan may lower your monthly payment, get you a lower rate than most credit cards, and the interest is tax deductible.

Alternatively, a program like negotiated debt settlement may lower your monthly payment, get you debt free fast, save half of what you owe, but it could negatively impact your credit rating.

Bills.com makes it easy for you to apply, by following this link: Debt Help

These are a few of the considerations. If you would like more information, please visit our debt relief boot-camp.

I hope this information helps you Find. Learn & Save.

Best, Bill Bills.com

Get rid of your debt faster with debt relief

Get rid of your debt faster with debt relief

Take the first step towards a debt-free life with personalized debt reduction strategies.

Choose your debt amount

$25,000
$1,000$100,000

Or speak to a debt consultant  844-731-0836