4 Resources to Turn to If You Broke the Bank for Christmas
Christmas is a time for fun and hanging out with your loved ones. Getting gifts is a major bonus that many of us look forward to each year. However, sometimes we can get a little carried away when it comes to gifting. If you’ve noticed that you broke the bank with your gift-giving this Christmas, here are four helpful resources you can turn to for assistance.
Debt Consolidation Lenders
If you’re struggling to stand financially after the holiday this year, you may want to consider debt consolidation.
This is a practice where a financial lender will essentially combine all of your loans, or most of them, into one big loan.
This allows you to simply have one payment a month for a single loan.
The best part is that you’ll only be dealing with one interest rate.
This type of loan can be a great asset for those who have high-rate debt as they can consolidate that debt into a lower-rate loan.
Title Loan Companies
Companies like American Cash Advance and Title Loan can be a resource to hit up when you don’t have the funds you need to pay for your monthly bills.
This title loan service will give you a short-term loan that will allow you the money you need to pay for your monthly expenses until your next payday.
All you have to do is use your car as collateral to secure the title loan.
This can be a great resource to go to as it’s very quick to get the money you need.
Debt Settlement Firms
Pretty young businesswoman sitting at desk writing notes from a laptop at home. Beautiful caucasian woman working from home office.
If you’ve found that you just can’t handle your bills any longer, it may be the perfect time to talk with a debt settlement firm.
This type of firm works by helping you to settle your debts with your various lenders.
You’ll essentially hand all of your debt information over to a debt settlement firm.
Each month you’ll pay them a set amount of money that is put into an escrow account.
As your account grows, the settlement firm will talk with your lenders to determine a settlement amount that is less than your amount owed.
Then, they’ll use the escrow fund to pay for it.
Debt Managers
Sometimes speaking with a debt manager is all you need to get your finances back on the way to a positive light.
It can be very easy to get bogged down with debt that has boxed your mindset in, making it impossible to solve on your own.
A debt manager is a person who will go over your bills with you and formulate a payback plan that will work for you.
They’ll get involved and talk with your lenders to see if they can get better payment arrangements and interest rates.
As you can see, you’re never alone when it comes to handling your debt.
Rather, there are various resources out there that can offer you different ways to handle your finances.
If you broke the bank after this Christmas season, we encourage you to give one of these resources a call.
Category: Debt
