If you’re reading this page, chances are good that you’re weighed down by an uncomfortable amount of debt. Whether you’re struggling to pay off just a few high-interest credit card bills or face a smorgasbord of obligations like medical bills, business loans and legal judgments, you’re probably not happy with your current situation.
Many folks who find themselves in such a situation tend to feel guilty or even ashamed about the decisions that have led them to their “pickle.” You might be having similar thoughts. After all, it’s only natural to blame yourself for a less-than-ideal situation.
At the same time, this “blame game” isn’t particularly helpful. These days, even the most careful consumers can be blindsided by changing economic conditions and unforeseen expenses. Chances are good that you got into debt for reasons that you couldn’t fully control.
It’s simply not helpful to blame yourself for your debt situation. It might not even be helpful to blame others.
Instead, consider putting your frustration to good use by obtaining a free Illinois debt consolidation quote from a reputable company with full accreditation from the Better Business Bureau.
There are plenty of ways to seek so-called debt consolidation. Many of these methods don’t require you to seek help from a third party. On this site, we’ve discussed techniques like low-interest balance transfers and bank loans. If they’re used properly, these tools might be able to save you a great deal of money on your existing credit card debts and help you become debt-free faster than you ever thought possible.
At the same time, balance transfers and bank loans aren’t perfect. While these strategies have enabled countless hard-working Americans to reduce their debts, some borrowers find that they simply don’t provide much in the way of debt relief. What’s more, borrowers who have poor credit may find it difficult to qualify for a low-interest balance transfer or loan.
If you find that you’re unable to obtain relief from your high-interest debts through a balance transfer or loan, feel free to sign up for an Illinois debt consolidation quote. The process is painless and may take just a few minutes of your time.
There are plenty of benefits to getting a free debt consolidation quote. To obtain your quote, you won’t have to give out loads of personal information. You’ll simply have to provide a ballpark estimate of your debt load and some contact information. You won’t have to give out your Social Security number, driver’s license number or other private bits of data to receive your quote.
You also won’t be under any obligation to enroll in a costly program or take on additional amounts of debt. If you decide that you don’t want to pursue a program of managed debt consolidation, you can simply file away your Illinois debt consolidation quote and seek help by other means.
Even if you do choose to follow up on the quote that you’ve received, you won’t have to pay an arm and a leg to reduce your debts. After all, your Illinois debt consolidation quote will have been provided by a BBB-accredited company that has helped thousands of customers reduce their debts and has the testimonials to prove it. You can rest assured that you’ll be getting the best possible service from a trustworthy source.
If you do enroll in a debt consolidation plan, you could enjoy some much-needed debt relief.
For starters, your plan could reduce the amount of unsecured debt that you owe to your creditors. While credit card debt is far and away the most common type of unsecured debt, there are several other varieties. These include medical bills, business loans, personal loans and lines of credit, and certain repossessions or collections.
In fact, most debts that can’t be tied to specific assets are considered to be “unsecured.” There are some major exceptions to this general rule, including student loans and unpaid taxes. Unfortunately, the federal government prohibits individuals with such debts from consolidating them through traditional means. While it’s certainly possible to reduce these debts, it tends to be more difficult to do so.
At the same time, the consolidation plan that you could enter after receiving your Illinois debt consolidation quote has the potential to make these other debts easier to control. While every debt situation is different, debt consolidation plans can sometimes result in debt reductions of 40 percent or more. These reductions are generally accomplished through so-called “principal reductions” that actually reduce the size of the balance on an existing credit facility.
After you’ve reduced your credit card bills and other unsecured debts, you might find it easier to pay down your student loans, car loan and mortgage. Even if it takes a few years for you to put your debts to bed, your Illinois debt consolidation quote could be an important first step down the road to solvency.