It can help lower your monthly payments and get you out of debt faster so you can be in the driver’s seat of your own finances.
Everyone I spoke with was very helpful and made the process simple. I have recommended ACCC as a resource to people I know." - Sarah from AR More Reviews "Thank you to you and your team for helping me get out of debt.I felt like I was drowning in debt and after speaking to your representatives, I was relieved and felt like a weight was lifted.Instead of having multiple debt payments each month, you’ll only have one.This simplifies your bill-paying process each month plus reduces the total amount you owe to your creditors.If you are struggling to keep up with your monthly payments, consolidating your debt in this way can certainly help alleviate financial stress.
It can also make it less likely that you will fall behind on your payments and risk harming your credit.
This calculator is based on making the minimum repayment amount at a 18% interest rate.
Minimum repayments are calculated as a percentage of the closing balance, typically 2 or 2.5%, or a set dollar amount, usually around , whichever is greater.
No matter what type of debt consolidation loan option you’re looking into, it is important to understand how to consolidate debt.
The following four steps will walk you through calculating how much debt you have, choosing the debt consolidation loan, setting a timeline to be debt free and teaching you how to control your spending.
Consolidating multiple credit accounts into one new loan with a single payment may help you lower your overall monthly expenses, increase your cash flow, and eliminate the stress of multiple monthly payments.