Debt Consolidation Loans - for Paying off debt

If you have above $10,000 in credit card debt, relief programs can cut balances and payments. If you can't afford to debt snowball your credit card payments, consider the best debt relief, settlement, and consolidation programs. If you want to first consider the debt snowball approach, here's a free snowball calculator to use.

There are always pros and cons that come with debt relief programs so it's imperative to first review these pros and cons. Here's a detailed summary of the best debt relief programs, including benefits and downsides.

The biggest downsides that are included with debt consolidation for credit cards include:

1. You must pay back your entire credit card debt balance, plus interest and loan origination fees. If you visit goldenfs.org and choose "Loan" under where it says "Choose an Option", you can check loan rates with multiple lenders within a few clicks of your mouse. Debt consolidation loans are most useful for consumers that have a high credit score. What's a high credit score? 700+ starts getting into the decent to good credit, above 750 is excellent, and above 800 is exceptional. If your credit score is above 800, do not use a debt relief, settlement or validation program because it will drastically reduce your credit score. On the other hand, if your credit score is under 700 and you have high debt and can only afford minimum payments or less, you should definitely consider debt validation, consumer credit counseling and debt settlement.

2. You will be paying on the debt consolidation loan for a minimum of 4-5 years. Do you want to get out of debt faster than that? If so, a loan may not be your best option.

What's the cheapest credit card debt relief program?

The least expensive debt relief program is debt validation. Try this credit card debt calculator tool at Golden Financial Services to get a free savings estimate.

About Golden Financial Services:

Golden Financial Services was created in 2004 and is rated A+ by the Better Business Bureau.

BBB A+ Rated Debt Relief Company: https://www.bbb.org/us/ca/imperial-beach/profile/debt-relief-services/golden-financial-services-1126-171988856

Trusted Company Reviews rated Golden Financial #1 for 2020, out of all debt relief companies in the nation.

The company was created in 2004, here's the Articles of Incorporation details:

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Learn about Golden Financial Services CEO Paul Paquin on Linkedin: https://www.linkedin.com/in/paulpaquingoldenfinancialsvs