MyDebtNegotiation.Com - Debt Negotiation & Debt Reduction Services

Debt Negotiation Services
The Pitfalls of Debt Consolidation PDF Print E-mail
One problem with debt consolidation is that, in order to receive favorable terms and debt reduction, property must be put up as collateral, such as a home or auto. If the consumer still not learned to manage their finances after receiving reduced payments and lower interest rates, they face a great risk of losing more than they previously did. The faced foreclosure of their home and repossession of their auto are two probable outcomes.
Another issue with debt consolidation is that, although the monthly payment and interest rate are reduced, the term is often extended as well, actually increasing the total amount owed.
 
[ Back ]

Get a Free Consultation


Call Us Toll Free 1.800.738.5306

Or fill in the form below and one of our highly experienced Debt Consultants will contact you for a FREE, No Hassle and No Obligation Consultation

First Name:
Last Name:
State:
Home Phone:
Cell phone:
Email:
How much unsecured debt do you have?
Preferred Method of Contact?
Email
 Home
 Work
 Cell
Best time to Call?
Morning
 Afternoon
 Evening
How did you hear about us?
Comments:  (Optional)

USFM News

US Financial Management, Inc.
US Financial Management, Inc.

Call Us Toll Free

Toll Free Number for Debt Reduction: 800.738.5306

In Spanish 1.800.738.5302
In Chinese 1.866.458.1470
In Vietnamese 1.866.458.1468

Calculate Your Savings

Click to Compare Your Debt Management Options
Add to: Mr. Wong Add to: Power-Oldie Add to: Linkarena Add to: Digg Add to: Del.icoi.us Add to: Reddit Add to: Jumptags Add to: Upchuckr Add to: Simpy Add to: StumbleUpon Add to: Slashdot Add to: Netscape Add to: Furl Add to: Yahoo Add to: Blogmarks Add to: Diigo Add to: Technorati Add to: Newsvine Add to: Blinkbits Add to: Ma.Gnolia Add to: Smarking Add to: Netvouz Add to: Folkd Add to: Spurl Add to: Google Add to: Blinklist
Social Bookmarking

Latest Articles

Latest and Most Articles Comments

no comments

Reader Favorites

Settlement Letters

Settlement Opportunity from Discover
A settlement of 55% on your current balance has been approved.  This one-time payment of $3,000.00 must post on your account via Telephone Check by January, 20, 2006 for this settlement offer to be valid.
Read more... [Settlement Opportunity from Discover]
 
Significant savings from Bank One
We are pleased to confirm that we’ve agreed to settle your credit card account for $2846.00 Our settlement brings you these three advantages:

You will pay $2846.00 a significant savings over the full balance that you owe us.

Read more... [Significant savings from Bank One]
 
60% Debt Settlement with BofA

We are offering you an excellent opportunity to settle your Bank of America account for the amount shown above and avoid further collections efforts. 

BALANCE: $2,133.97
SETTLEMENT OFFER: $950.00
Read more... [60% Debt Settlement with BofA]
 
BofA Settlement

 Bank of America is ready to extend a settlement offer. Settlement Offer 50% or $3,467.56.
Read more... [BofA Settlement]
 

Debt Reduction Strategies

You are here  :Home arrow Debt Management Options arrow The Pitfalls of Debt Consolidation

Debt Negotiation in the News

We're Hiring

Syndicate Our Articles

Debt Negotiation ArticlesClick on the image to receive our articles via RSS.

What is RSS?

Debt Free At Last

Free e-Book. "Debt Free at Last"Learn why debt negotiation may be your best solution to eliminating your debt.

Click Here

Industry Affiliations

Debt Settlement Industry Affiliations