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Mark Cappel
UpdatedMay 16, 2024

Can cable bills be consolidated?

Can cable bills be consolidated? I am still a customer with them.

Debt consolidation is when you consolidate multiple lines into one new loan or debt consolidation program - it typically involves a debt consolidation loan, but could also be referred to as a credit counseling program or other forms of debt resolution that do not involve a new loan. It is important that you know what your options are and what your goals are before choosing a debt consolidation program or company.To learn more about what options exist I encourage you to visit What Are My Debt Consolidation Options?

If you are currently receiving cable service and seek to consolidate the debt, it is almost a certainty that the cable company will discontinue your service. If you have discontinued your cable service, then there is little reason not to try to negotiate the debt.

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

Best,

Bill

www.bills.com/

Struggling with debt?

If you are struggling with debt, you are not alone. According to the NY Federal Reserve total household debt as of Quarter Q4 2023 was $17.503 trillion. Student loan debt was $1.601 trillion and credit card debt was $1.129 trillion.

A significant percentage of people in the US are struggling with monthly payments and about 26% of households in the United States have debt in collections. According to data gathered by Urban.org from a sample of credit reports, the median debt in collections is $1,739. Credit card debt is prevalent and 3% have delinquent or derogatory card debt. The median debt in collections is $422.

Collection and delinquency rates vary by state. For example, in South Carolina, 17% have student loan debt. Of those holding student loan debt, 10% are in default. Auto/retail loan delinquency rate is 7%.

While many households can comfortably pay off their debt, it is clear that many people are struggling with debt. Make sure that you analyze your situation and find the best debt payoff solutions to match your situation.

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