Debt Settlement Directory

How to consolidate your debts

List your debts, on a piece of paper or in a spread sheet. Be sure to list credit cards, mortgages, car loans and all other debts. Also include the balance, monthly payment and interest rate for each debt. Find out how much you will pay for each debt at its completion. You may end up paying $60,000 for your car at the end of 17 years, or conversely, you may pay $17,000 on a credit card if you pay the minimum for 28 years. You may consider refinancing your original mortgage. Find out how much equity will still be in your home. How does this change what you anticipate in the future? One can also transfer credit card balances to one card. Find the maximums on your cards, and choose the one with a low APR. Be sure that the APR is not higher for balance transfers. Contact us and we can help you with these steps.