Getting a consolidation loan can do more than payoff your debt.
You can create a sizeable nest egg by investing all or a portion of
your monthly payment savings. After a few years the results may
surprise you! Use this calculator to see the results of paying off
your debt and investing your payment savings. Click the "View
Report" button for a detailed look at your results.
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{| |- | Debt consolidation can be a great form of debt relief to
start tackling your debt - whether it's just lowering your rates,
getting a better loan, or cutting your payments to get debt free
faster. Debt consolidation is when you consolidate multiple lines
into one new loan or debt consolidation program - it typically
involves a debt consolidation loan, but could also be referred to
as a credit counseling program or other forms of debt resolution
that do not involve a new loan.
Debt consolidation is a solution to stopping your debt from
spiraling out of control. Debt consolidation doesn't reduce your
debt; it merely eliminates multiple high interest rates associated
with debt from various lenders. A debt consolidation loan is one
viable solution to consolidating your debt. It is important that
you know what your options are and what your goals are before
choosing a debt consolidation program or company. |}
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Some of best consolidation software on the market are, Longview
7 Consolidation software, EPM Analytics, and Global ERP Financial
Consolidation Software.