We offer free consolidated credit counseling advice for people living in different parts of the country.
This is because the law concerning debt varies depending on the state in which you live. You can be confident that the consolidated credit counseling advice we offer is targeted to you.
Consolidation loans
Consolidation loans are a single loan taken out to replace your other debts, but are they the best option? Taking out a consolidation loan when you are already in severe debt might not be the best option for you.
Think about:
Cost: Is the interest rate very high? Will the new loan really save you money?
Security: Is the loan secured against your home? If so, you could risk losing your home if you fail to keep up the payments on the consolidation loan.
Other existing debts: Make sure the consolidated loan covers all your existing debts (except those which have a lower APR than the consolidation loan). Otherwise, you could find yourself having to pay back loans you had forgotten about at a time when you are already stretched paying back the consolidation loan.
New debts: Once you've consolidated your loan, don't build up new debts elsewhere. Cut up your credit cards so that you can't use them.
The consolidated credit counseling helpline that provides free confidential and independent credit counseling on how to deal with debt problems.
If you have any debt problems call us at 1-888-502-3907 toll free.
con•sol•i•dat•ed –adjective
1. brought together into a single whole.
2. having become solid, firm, or coherent.
3. Accounting. taking into account the combined information gathered from the financial conditions of a parent corporation and its subsidiaries: a consolidated balance sheet.
Word Origin & History
consolidate
1510s, "to compact into one body," from L. consolidat-, pp. stem of consolidare, from con- "together" + solidare "to make solid" (see consolidation). Meaning "to make firm or strong" is from c.1540. Related: Consolidating (1660s).
consolidated
pp. adj. from consolidate. Of money, debt, etc., from 1753; in lit. sense of "made firm, unified," from c.1850.
cred•it –noun
1. trustworthiness; credibility: a witness of credit.
2. confidence in a purchaser's ability and intention to pay, displayed by entrusting the buyer with goods or services withoutimmediate payment.
3. reputation of solvency and probity, entitling a person to be trusted in buying or borrowing: Your credit is good.
4. time allowed for payment for goods or services obtained on trust: 90 days' credit.
5. a sum of money due to a person; anything valuable standing on the credit side of an account: He has an outstanding credit of $50.
6. Bookkeeping. any deposit or sum of money against which a person may draw.
Word Origin & History
credit
1520s, from L. creditum "a loan, thing entrusted to another," from pp. of credere "to trust, entrust, believe." The commercial sense was the original one in English (creditor is mid-15c.).
coun•sel verb,-seled, -sel•ing or (especially British) -selled, -sel•ling. –noun
1. advice; opinion or instruction given in directing the judgment or conduct of another.
2. interchange of opinions as to future procedure; consultation; deliberation.
Word Origin & History:
1175–1225; (n.) ME counseil < AF cunseil, OF conseil < L consilium debate, advice, advisory body, plan, equiv. to consil-, var. s. of consulere to apply for advice (see consult) + -ium -ium; (v.) < AF cunseiler (OF conseillier) < LL consiliāre, deriv. of consilium
—Related forms
coun•sel•a•ble; especially British, coun•sel•la•ble, adjective
pre•coun•sel, noun, verb,-seled, -sel•ing or (especially British) -selled, -sel•ling.
re•coun•sel, verb (used with object),-seled, -sel•ing or (especially British) -selled, -sel•ling.
un•coun•seled, adjective
un•coun•selled, adjective
well-counseled, adjective
well-counselled, adjective
|
