Texas has one of the highest debt per adult resident compared to other US states.
During the pandemic, many people relied on credit cards to cover their living expenses when their income was reduced, and are now unable to pay even minimum payments.
What are the options for settling crushing credit card debt? Texas Debt Relief Debt Repayment will explain below.
If you have great credit scores and a good income, but you are paying off high interest credit card debt, your best option will probably be to get a low interest debt consolidation loan and pay off high interest credit card debt. pay off credit cards.
Debt consolidation loans are available from most banks and credit unions in the San Antonio area. Lenders have different criteria, so your best option is to shop multiple lenders with one platform.
You can receive offers from up to 25 or more lenders offering debt consolidation loans in Texas at the following address: affordableebtconsolidation.com. There is no charge to use this service and requesting to receive offers does not affect your credit score.
If your credit scores are not as good or you have a low debt to income ratio, there is another option to lower your credit card interest rate while having only one monthly payment for. your debts listed.
Credit counseling debt management plans can work well if your credit card interest rates are high. By joining these plans, your interest rates can be reduced to 10% or less in most cases. The other huge benefit is the ability to pay off debt in 5 years or less, as making minimum payments could take decades.