Debt Consolidation Loans
A debt consolidation loan is the combining of several unsecured debts into a single, new loan.
The new loan may result in a lower interest rate, lower monthly payment or both. People find this appealing because you are making one monthly payment instead of many and the interest rate is usually lower than what you were paying on the debts before. Many times debt consolidation loans don’t make sense. The payment may still be close to what you were originally paying and you are not addressing the original problem which is lack of cash flow!
At Tayne Law Group, we work with each of your creditors individually to settle your debts for less than what was originally owed. Your one monthly payment to our office can have a much bigger effect than one monthly payment on a debt consolidation loan.
Contact us to learn more about our debt relief program today!