When falling into a pit of debt, it can be tempting to want to take out new loans to pay off the old ones. Not only is this often a bad idea, it's can be a terrible idea.
Robbing Peter to pay Paul may seem like the only option when your bills are greater than your bank statements. Taking out an unsecured personal loan to pay off credit card debt at a lower interest rate is nothing new, but locking down that lower interest rate is only an available option if you have solid credit in the first place.
The much better option is settling up with Paul - that's what Pacific Debt does. Masters of debt relief, they offer financial solutions that help empower people to make the best decisions.
Instead of figuring out how to take out a personal loan, Pacific Debt can call creditors to negotiate your debt for you. They're masters of debt consolidation, the art of negotiating lower monthly payments and/or and overall lower amount of debt: this is the secret to getting out of debt fast, not taking out more loans.
Here's how it goes: You're assigned to a certified debt relief counselor who will do all the hard work for you. They help improve your monthly cash flow with one low affordable program payment.
With no upfront fees, they have over 1400 5 Star Reviews and an A+ rating from the Better Business Bureau. You won't be paying them unless they can bring down your debt. If you're still fixing to get a personal loan, they'll help you out with that, too, but only if it's your best option. Pacific Debt's counselors will complete a brief financial analysis when you first call and they will walk you through all of your options, explaining the cost and benefits of each.
Some consumers have resolved their debts in as little as 24-48 months, so a debt-free future could be closer than you think.
If you're not in debt, bookmark this page for an emergency; more than half of the U.S. population is in debt with over a trillion dollars in credit card debt alone. Unexpected medical bills, unsecured or personal loans, retail debt, and accounts in collections could rear their ugly heads at any point. Pacific Debt can help you out when they do.