Debt Consolidation
Need Assistance with Debt Consolidation?
Eliminate Debt and Achieve Financial Freedom with Sydney Financial
If you’re struggling with burdensome bills and sky-high interest rates, Sydney Financial’s debt consolidation program can help. In today’s economy, it’s easy to become overwhelmed with credit card debt and other financial obligations. Most people intend to pay down their credit card balances every month. But, unexpected expenses such as doctor’s bills and car repairs can get in the way. When you carry a balance from month to month, making the minimum payment is a recipe for disaster. As interest and finance charges accumulate on your account, it becomes increasingly difficult to get out of debt. You may end up paying double or even triple the amount originally owed.
Fortunately, there is a solution. By participating in a debt consolidation program, you can slow the accrual of interest, save a significant amount of money, and eliminate your credit card bills.
Why Choose Debt Consolidation?
Debt consolidation lets you combine all of your high interest debts into a single low interest loan. Instead of worrying about a lot of small monthly bills, you’ll focus on paying off one loan. Consider this common scenario: a consumer owes $5,000 on a 17% interest credit card, $2,000 on a 19% interest department store line of credit, and $6,000 on a car loan at 12% interest. If he carries a balance on all of these debts, paying only the minimum, the amount owed can easily spiral out of control.
In fact, if we consider only the $5,000 credit card debt, it will take him about 26 years to pay off the balance. Making a minimum payment of $125 a month, he will have paid the credit card company $12,115.42 before the debt is satisfied. He’ll pay more in interest than he originally charged on the card!
Enrolling in a debt consolidation program can help you avoid this situation. Instead of paying thousands in interest, you can take out debt consolidation loan with a significantly lower rate. You won’t even have to worry about keeping track of multiple bills. And, because you’ll owe less interest, you’ll be able to make more payments. This will further reduce the amount of time it takes to eliminate your debt. In a nutshell: debt consolidation programs can simplify your life and save you thousands.
Our Debt Consolidation Solution
Many debt consolidation companies can offer you a lower interest rate than those published by credit card companies. But, few can offer you a rate as low as Sydney Financial. That’s because our debt consolidation program is based on a second mortgage or home equity line of credit. These loans are only available to homeowners and offer lower rates than borrowers can get on almost any other type of loan. In fact, interest on second mortgages are often ½ the prime credit card rate or less. These loans can be taken out without refinancing or altering your original home loan. In many instances, second mortgages are even tax deductible. Don’t expect to find that feature from other debt consolidation firms!
Not only will Sydney Financial’s debt consolidation program help you eliminate your bills, it will help you pay off your home original home loan in significantly less time. By following our time-tested program, you may be able to shave thousands off the interest owed on your property and pay off your original loan in just 10 to 20 years. It’s easy to get started. Why struggle with the burden of debt when financial freedom is only a phone call away?
Want to learn more about a debt consolidation program that can eliminate your bills, pay down your mortgage, and save you thousands? Contact one of our financial counselors today.
