Debt Consolidation Loans Rome NY

You have two options in Rome to consolidate and reduce your debt if you don’t own a home. First, you can use the services of a debt consolidation agency. They will negotiate lower interest rates and smaller payments. The other option is to take out a personal loan and pay off your debt. The best option depends on your financial situation.

Local Companies

HSBC Bank
1.800.975.HSBC (4722)
Colonial Shopping Ctr 131 Oriskany Blvd
Whitesboro, NY
Citizens Bank - Utica / Wal-Mart
315-724-8780
710 Horatio St
Utica, NY
Bank of America - New Hartford
800.432.1000
50 Genesee St
New Hartford, NY
Bank of America - Rome
800.432.1000
1714 Black River Boulevard
Rome, NY
Bank of America
800.432.1000
911 Cornelia St
Utica, NY
HSBC Bank
1.800.975.HSBC (4722)
Mohawk Shopping Plaza 1708 Black River Blvd N
Rome, NY
Chase Bank
(315) 363-5000
150 Main St
Oneida, NY
Bank of America - Genesee Street
800.432.1000
268 Genesee St
Utica, NY
Bank of America - Whitestown
800.432.1000
34 Oriskany Boulevard
Whitesboro, NY
Bank of America - East Utica
800.432.1000
1100 Mohawk St
Utica, NY

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Debt Consolidation Loan Without Owning A Home

Author: John Chase

Debt Consolidation Loan Without Owning A Home

You have two options to consolidate and reduce your debt if you don’t own a home. First, you can use the services of a debt consolidation agency. They will negotiate lower interest rates and smaller payments. The other option is to take out a personal loan and pay off your debt. The best option depends on your financial situation.

Debt Consolidation Agency

Debt consolidation agencies, also called credit counseling, offer many credit services. Their primary job is to help you pay your debt and bills by negotiating lower rates and payments with creditors. If you have bad credit or on the verge of bankruptcy, this service might be your best choice.

You aren’t charged any fees by these agencies since they are funded by financial companies. Financial companies don’t want to see you declare bankruptcy and not pay them back, so they are willing to set up alternative payment plans.

Besides consolidating and reducing your debt, you can work with credit counselors to improve your credit. They can offer you advice on creating repayment plans, saving goals, and future financial strategies.

Personal Loans

You can also decide to use a personal loan for debt consolidation and reduction. With interest rates typically lower than credit card rates, you can reduce your payments by hundreds. One payment also makes it easier to pay than several small bills.

With an unsecured personal loan, you will need to have decent credit and steady income. Once you pay off your other debts, you can decide to leave those accounts open for emergencies or close them.

Before you pay off all your bills with a personal loan, make sure you have researched several lenders to find the lowest rate. Also be sure that you find a rate lower than what you are currently paying on your bills. Personal loans are usually prime plus 2% to 5% higher.

Explore Your Options

Before committing to either option for debt and bill consolidation, research your choices. Request quotes from lenders to see if you can find a good rate on a personal loan, but also talk with debt consolidation agencies to see what they can do for you. Choose the option that can lower your rates the most given your credit history.

For more useful information on a debt consolidation loan without owning a home , please visit Debt Relief Adviser .

About the Author:

John is a DJ and radio producer by trade who has performed in the U.S., Russia, Germany, Turkey, Macedonia, Serbia, Kosovo and India. Through a strange twist of fate he found himself working in the debt consolidation and debt settlement field in Chicago. John has a great interest in charity work as well.His other interests include fitness, science & technology, modern medicine, poltics, world events and pop culture.

Article Source: http://www.articlesbase.com/debt-consolidation-articles/debt-consolidation-loan-without-owning-a-home-991514.html

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