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you are here: DentalPlans.com > Dental Health Articles > Money > How to Handle Debt Consolidation
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Updated: 5/31/2007 2:05:23 PM |
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(ARA) - The average American carries about $8,500 in credit card debt. But it's likely you or someone you know is laboring under a much higher debt than that. Total credit card debt in the nation tops $1 trillion dollars.
Widely disparate interest rates mean consumers may spend thousands of dollars each year paying interest on their credit card debt. Is it any wonder, then, that companies like Finance Box, an online entity that helps consumers consolidate credit card debt, are finding business booming?
"Consumers carrying a large amount of credit card debt or those carrying moderate debt at high rates are looking for lenders willing to help them consolidate that debt into lower, fixed rate loans" says Touvan Sughiarto of Finance Box. "They're turning to the Internet for convenient, fast and workable solutions."
Consolidating high interest debt means consumers can obtain a lower interest rate, make just one payment a month and know exactly when the debt will be paid off. Seeking a debt consolidation loan online through Finance Box offers distinct advantages to trying to find a lender on your own:
* The company works with thousands of lenders across the country. When consumers enter their information on Finance Box's Web site, the company's search engine automatically evaluates their needs and matches them with a lender who can meet the specific requirements of the borrower's situation. This saves consumers time by allowing them to access top lenders without having to make phone calls on their own.
* Consumers needs are matched against numerous lenders, instead of just the handful the borrower might be able to contact on their own. "More choice means greater potential of finding a deal that you think is great," says Sughiarto.
* The Web site fast tracks consumers to the human element of the process. Once a borrower has been matched to the lender, his or her information is forwarded to that company. Usually, the consumer will receive a call from the lending company in 24 to 48 hours, Sughiarto says.
To find the right lender to help you consolidate unsecured, high-interest debt, visit www.FinanceBox.com.
Copyright © 2007, ARAnet, inc.
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