Credit card debt can be crippling. There’s no worse feeling than looking at a bill that you know you can’t pay in full. Was that new TV worth it? Sometimes, there’s no choice, in the case of car repairs or the sudden emergencies of life. However it happens, Americans tend to get themselves into credit card debt. The average American household that carries credit card debt has nearly $15,609 in credit-card debt, according to http://www.nerdwallet.com and the average interest rate runs in the mid- to high teens at any given time.
Some debt can be good, of course. When you borrow money for school or to purchase a home, even though its debt, that’s good debt. When you use credit cards to purchase items like vacations, shopping trips or food; that is when people fall into bad debt the fastest. With credit card debt, anything that’s going to linger on that card with an interest rate in double digits is bad news. But it happens to a lot of people.
There’s a good way out though. If you own your home and you have built up equity, you can apply for a debt consolidation loan that will take all of your credit card debt and put it under one lower rate. With interest rates in the 3’s right now, it’s a way to stop paying double digit interest rates on your credit cards and just make one lower payment. We even pay off your credit cards for you in the deal. You roll all of your debt into one low-interest rate loan and we take care of the rest, leaving you with one payment to make each month.
Lowering your interest rate with a new mortgage from The Home Loan Expert, Ryan Kelley is the best way to dig yourself out of credit card debt. It’s a way to push “reset” on the bad purchases and move on with your life. If you are suffering from credit card debt and don’t know what to do, call us today in Chicago at (773) 770-4727 or visit www.thehomeloanexpert.com to apply online today. Nobody makes it easier to consolidate your credit card debt than The Home Loan Expert, Ryan Kelley.