Debt Consolidation – Republic First Funding

Is Debt Consolidation For Me?

Will not affect your Credit Score.

Let’s Get You Some Debt Relief

Do you ever feel overwhelmed with your debt payments? In the United States alone, each adult carries an average debt of $31,643. However, often times the problem isn’t the debt itself, it’s understanding who exactly you owe money to and how much you owe them. For example, if you took out a student loan then you might owe money to your university, the government, or any number of third-party agencies. Finding out isn’t always easy.

The different types of Debt

It’s also common for most adults in the United States to have many different types of debt:
Some people even double up on these categories (multiple credit cards that carry a balance or 2-3 kids with college educations funded in different ways).

Auto payments

Credit card debt

A mortgage

Student loans

Payday loans
(cash advances)

Ease

You won’t have to worry about different banks, collections agencies, loan servicers, automatic payments, or account logins/passwords. Instead, you’ll put everything in one place.

Control

In one move you could save money while simultaneously streamlining everything into one payment.

Savings

Consolidating debt can lead to a lower interest payment. For example, imagine that you’re paying an average of 5% on your current debt. You could take out a new loan to pay off your existing debts. Your new loan has an interest rate of 3.5%. This will save you quite a bit on a long-term loan!

Potentially raising your credit score

The second biggest factor in your credit score (after timely payments) is having low levels of debt.

Advantages of
Debt Consolidation

Imagine how nice it will feel to be in full control of your finances. You’ll know exactly where your money is going, who you owe, how much, and when you’ll be debt-free entirely!