http://www.debtrelieffreedom.com/debt-consolidation/debt-consolidation-loan.html Debt consolidation loan - Steve's story en-us Wed, 23 Jul 2008 15:00:00 EDT Wed, 23 Jul 2008 15:00:00 EDT Weblog Editor 2.0 If you have a lot of debt and something you can use for collateral, a debt consolidation loan is probably the best way you can get rid of your debt. In fact, read on and you will become adept at locating the most practical and cheap debt consolidation loan. A Debt Consolidation Loan Story This is the story of Steve, a customer service rep whose hobbies were boating and ocean fishing. When Steve got his own apartment for the first time, his expenses went way up. Ever the fashionable guy, he owed this department store and that department store money, and his Visa bill was really high. His Bass Pro Shops card was the only one that wasn't out of control, surprisingly. His dad's advice was to pay as much money as he could afford to towards the credit card with the highest balance, while paying just the monthly minimum on the others. Steve tried this for awhile, but he wasn't getting anywhere, and he was frustrated. Then one day while searching the Internet for something else, he saw an ad for a debt consolidation company. He went to the company's web site and found out that since he had a boat he could use as collateral, he could get a debt consolidation loan. Steve had never heard of a debt consolidation loan, so he read more about it. He learned that a debt consolidation loan was a loan created to pay off unsecured debts. Then instead of keeping track of which card had the highest interest rate and figuring how much to pay to who, he would just have one monthly loan payment at a much, much lower interest rate. The web site explained that because of the lower interest rate, he could have his debt paid off in five years or so, and that doing it the way he was could take him 18-30 years to get it all paid off. Steve was cautiously optimistic about his debt consolidation services. He talked to his dad about it, who was quick to point out that Steve would have to curb his spending habits to avoid getting into the same situation while paying back his debt consolidation loan. He warned against getting several minimums again and having a debt consolidation loan payment at the same time. He could end up being worse off than ever. But Steve promised to get credit counseling so he could budget and learn to live within his means. He also had other goals, like saving for a house, and he knew that credit counseling could teach him how to do that along with all his other fiscal responsibilities. Steve got a debt consolidation loan and credit counseling, and now he's on the road to becoming debt free. But a debt consolidation loan wasn't Steve's only option. If he had a house, he could have chosen a debt consolidation mortgage. If he didn't have any collateral, he could have enrolled in a debt consolidation program. But he chose debt consolidation loans because he could pay off his credit cards immediately with them. He liked that feeling of having a clean slate. There are lots of options when it comes to American debt consolidation. Browse the pages of our site and find yours today. Walk the catwalk today with the unsecured debt consolidation loan that delivers. Wed, 23 Jul 2008 15:00:00 EDT http://www.debtrelieffreedom.com/debt-consolidation/unsecured-debt-consolidation-loan.html Unsecured debt consolidation loan choices are diverse. Get the facts here. en-us Wed, 23 Jul 2008 15:00:00 EDT Wed, 23 Jul 2008 15:00:00 EDT Weblog Editor 2.0 http://www.debtrelieffreedom.com/debt-consolidation/cheap-debt-consolidation-loan.html Cheap debt consolidation loan - Slip into something a little more comfortable. en-us Wed, 23 Jul 2008 15:00:00 EDT Wed, 23 Jul 2008 15:00:00 EDT Weblog Editor 2.0