Do You Qualify for Social Security Disability?

Do You Qualify for Social Security Disability?

4 Things To Know About Debt Consolidation

Deann Miles

Do you have a lot of debt that has been a bit hard to manage? If so, know that debt consolidation can be the answer to your problem. Here are a few things that you need to know about debt consolidation so you can figure out if it's right for your financial situation.

Debt Consolidation Combines All Your Debts Into One Loan

One of the biggest benefits of using debt consolidation is that it is going to take all of your various debts and combine them into a single loan. If you have credit card bills, hospital bills, and various debt that makes it difficult to keep track of, this can make debt consolidation a great option for you since you will only have one monthly payment to make.

Debt Consolidation Makes Your Monthly Payment Predictable

What some people really like about consolidating their debts into one loan is that it makes the amount you have to pay consistent and predictable. You just need to go to one place to know how much is left to pay off your debt and look up the exact amount that you have to pay each month. If you have a steady income due to being a salaried employee, this can make it really easy to budget for each month since you know how much to set aside to pay off debt.

Debt Consolidation May Offer A Lower Interest Rate

By using a debt consolidation service, all of your debts will essentially be paid off with the existing lenders, and you'll be given a new loan with a new interest rate. It is very likely that the interest rate that you pay is going to be lower than those older loans if they were offered at a time when interest rates were higher. Of course, you don't have to consolidate all your debt if it is currently at a lower interest rate, and you can keep those debts separate if you wish. 

Debt Consolidation May Not Work For All Debt

Know that some debt may not be eligible for debt consolidation. If you have existing debt to the federal government for student loans, know that they offer other options to you if you cannot pay back your student loans. Debt consolidation is best for debts that you do not owe to the federal government and you need more flexibility in order to pay them off for good.

To learn more, reach out to a debt consolidation service.


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Do You Qualify for Social Security Disability?

If you are unable to work because of an illness or injury, you may qualify for social security disability payments. This money comes from a fund you have probably contributed to during your time in the work force, and it is likely that you have the right to disability payments using this money. As an attorney specializing in social security disability, I have a great deal of experience in helping clients determine if they qualify for disability payments. I hope that this blog will help people who have been injured understand what it means to qualify for social security disability benefits and how to go about getting that help.