CREDIT
CARD DEBT-
Typically credit card debt carries an annual interest rate of 16% to 24%. Credit
card payments are calculated using compounded interest. That means you are paying
interest on interest. An New York Mortgage Loan
Debt Consolidation Loan generally offers a reduced interest rate, a reduced monthly
payment, and simple interest. TAX
DEDUCTIBLE- Unlike credit cards and installment loans, the interest
on an New York Mortgage Loan Debt Consolidation
Loan could be tax deductible. Please consult your tax advisor. CONVENIENCE-
You can consolidate your bills into one monthly payment. With a debt
consolidation loan, you do not have the hassles or expense of writing several
checks month after month or forgetting to make a credit card payment. When you
consolidate your credit card and other debt, you could have just one low monthly
payment. NO
UP FRONT COST- There is no up front cost
to you to explore the opportunity of reorganizing your finances with a debt consolidation
loan irrespective of how you intend to use the proceeds (i.e., College tuition,
debt consolidation, or even making investments to try and plan for retirement).
|