Easy Credit And Debt Consolidation Loan Dangers | On Your Debt
Decisions that can last a lifetime shouldn’t be as simple as ordering a pizza
The internet and your mobile device have changed just about every aspect of life. In many cases, these apps and devices have proven to be very user-friendly and convenient. Personal virtual assistants, like Alexa and Siri, combined with connected banking and delivery apps, make getting pizza delivered to your door as easy as saying “Alexa, order a big pepperoni from Dominos.” BOOM! in 20 minutes there is a knock on the door and a large pepperoni pizza is sitting on the welcome mat. When making major financial decisions about debt becomes as simple as ordering a pizza, just as sure as obesity comes from eating too much pizza, financial disaster is sure to result from easy access to credit.
20 minutes for the pizza – 10 minutes for the money
A search for “fast loans online” returns 2,640,000,000 results. Some of them advertise the ability to “get approved in 2 minutes” with money deposited into your account in “10 minutes”. While not having the money for a candy bar doesn’t seem like a hopeless situation, the trade fuels unfounded fears of embarrassment and shame that many have when they find themselves in a situation they don’t have. immediate ways to manage. These fears cause many people to make reckless financial decisions, open and use multiple credit accounts, and rack up an insurmountable pile of debt that cannot be paid off with their monthly cash flow.
Hundreds of millions of “solutions”
Of the 2.6 billion search returns mentioned above, 138,000,000 (or 20%) relate to “debt consolidation loans” (DCL). Debt consolidation consolidates all of your small individual high-interest debt accounts into one large debt for a fixed term, sometimes at a lower interest rate. The theory is that DCLs relieve the cash pressure that comes from backing up your many impulsive debts. A DCL does not close your open credit accounts or prevent you from opening new accounts and many end up in a debt cycle with mounting debt mountains.
Think twice then give us a call
Making the right financial decisions is hard enough without being constantly bombarded with the “ease and convenience” of accessing “quick money”. We’ve helped tens of thousands of people in Mississippi and Alabama deal with their debt without embarrassment or shame, providing them with the guidance they need to end the cycle of debt they’ve found themselves in. We’ll clearly explain all of your options to end your debt with the dignity you deserve. .
Bond & Botes helps people struggling with debt
Let us solve your financial problems. There’s no obligation, and that means there’s no downside to gathering the information you need to make good decisions about how to break the cycle of debt stress and go forward. We can answer all of your questions regarding Chapter 7 bankruptcy, Chapter 13 bankruptcy, stopping a foreclosure or wage garnishment, avoiding liens, staying a lawsuit, l medical debt, personal loans, payday loans, credit card debt, etc. We can relieve your stress! We want to help you and we can help you!
Bond, Botes, Sykstus, Tanner & McNutt, PC
The Web: www.bondnbotes.com
102 South Court Street, Suite 314, Florence, AL 35630
Telephone: 256-760-1010 • Fax: 256-760-1023
Opening hours: Monday to Friday • 8:00 a.m. to 5:00 p.m.
No representation is made that the quality of legal services to be provided is superior to the quality of legal services to be provided by other attorneys.