2019年11月8日 • 3分钟
If you have a lot of debt, you're not alone. More and more Americans are burdened with credit card and loan payments. Whether you are trying to improve your money management, 入不敷出, lower your monthly loan payments, 或者支付你的账单, 债务合并 from Patelco 可以帮助.
债务 consolidation is when you combine all of your smaller individual loans and credit card balances into one larger loan, usually at a lower interest rate. 通常, you will end up saving money in interest and/or free up cash each month because of a more affordable payment.
债务 consolidation is when you combine all of your smaller individual loans and credit card balances into one larger loan, usually at a lower interest rate.”
There are many ways to 巩固你的债务. One way is to transfer them to a credit card with a lower interest rate. Most credit card companies allow you to transfer balances by providing them with the basic debt information (the lender or bank, 帐号, 和近似平衡). Or, your credit card company may send you “convenience checks” that you can use to pay off your old balances; the amount of the checks is then added to your credit card balance. 记住, 然而, that there is usually a fee for this type of transaction, 以及任何促销活动, lower rate may last for only a certain period of time (such as six months).
一些贷款机构提供 loans specifically designed for 债务合并. You'll need to fill out an application and demonstrate to the lender that you'll be able to make regular monthly payments. Sometimes, these loans may require collateral on the loan (for example, your car or bank account). Check with the lender to see if it’s a secured (requiring collateral) or unsecured 债务合并 loan.
Another option is to obtain a home equity loan. Most banks and mortgage companies offer home equity loans, which require an application and an appraisal of your property to determine the amount of your equity. 通常, you can borrow an amount equal to 80 percent of the value of the equity in your home. 感兴趣 rates and terms for home equity loans vary, so you should shop around and compare lenders. 了解更多关于 home equity loans and HELOCs for 债务合并.
Patelco is not a tax advisor, and the information provided here is for informational purposes. Before making any financial decisions that could trigger tax implications, we suggest you talk to your tax advisor.
For 债务合并 to be worthwhile, the monthly payment on your consolidation loan should be less than the sum of the monthly payments on your individual loans. 使用我们的 债务合并计算器 算算. If this isn’t the case, consolidation may not be your best option. 此外, the interest rate on your consolidation loan should be lower than the average of the interest rates on your individual loans. This allows you not only to save money but also to lower your monthly payment.
不知道该怎么做? 跟我们的 注册金融专家 -他们是免费的, unbiased advice to help you make the best decision for your situation.
Source(s) consulted: Broadridge Financial Solutions.
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