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CREDIT CARD DEBT CONSOLIDATION
Credit card debt consolidation is not the best option for those struggling with debts of $10,000 or
more. While you may be cutting down on interest payments by not paying several different interest
rates at once, you will also be consolidating the amount owed, which remains the same. Consolidation
just combines debts, it doesn't reduce them.
Often, homeowners will get a debt consolidation loan. This is like a home equity loan where you
borrow from your equity to pay off outstanding debts (rather than using equity for more traditional
purposes, like home improvement or college tuition). The problem here is that you are replacing
one debt--the credit card debt--with a new consolidation loan.
FIND A BETTER WAY TO CONSOLIDATE WITH NEW ERA DEBT SOLUTIONS
The terms of a consolidation loan might be more attractive than having to pay five different credit
card bills at once, but it is still more expensive than anything you can achieve by working with
New Era Debt Solutions. In certain cases, it is possible to have New Era negotiate your consolidation for you--to lower
both the amount owed and the interest rate.
However, this type of consolidation can be difficult to achieve because these debts come from a
number of different banks. It is easier to start with us first and allow us to negotiate your debts
on a case-by-case basis. This will help you get back on your feet sooner. Once we've negotiated a payment for less than the amount you owe, a consolidation program will
be more feasible.
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This message is brought to you by New Era Debt Solutions. When you contact New Era Debt
Solutions we will attempt to understand your situation as you explain it to us,
and suggest possible options. By calling and providing your personal information,
you agree that your personal information may be collected and you agree that you
will perform your own due diligence in reviewing whether any option presented is
sufficient and suitable for your personal situation, comfort and risk tolerance level.
Individual results may vary based on ability to save sufficient funds, and complete all
program terms. Creditors are not required to accept settlement offers made by New Era
Debt Solutions or its servicers nor are they required to settle for less than full balance.
Program does not assume or pay any debts, promise a specific reduction in debt, or provide
legal or tax advice. Program is not available in all states. Please request, read, and
understand all program terms prior to enrollment. By providing your contact information, you other
communications from New Era Debt Solutions and its affiliates or servicers and expressly
waive any Do Not Call List preference or registration.
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