Debt consolidation allows you to consolidate your debt and reduce your interest rates, with a loan by negotiating an agreement with your non-secured creditors.

Why consolidate your debt?

1. Reduce the amount of high interest rate credit cards and consumer loans.
2. Reduce your total monthly payments to structure a monthly budget so you can get back on track again.
3. Stop late fees and other charges.
   An affordable monthly payment helps you stay current with your payments.
4. Avoid declaring bankruptcy.
   Bankruptcy should be a last resort, it will appear on your credit report for the next ten years.
5. Avoid credit counseling; it is determined by a lender the same as bankruptcy.
   Credit consumer counseling is also a undisclosed high interest loan negotiated between them and your creditors.
   Not all credit counselors perform this way.

If you are struggling to pay off your consumer debt every month, debt consolidation may be the answer to your troubles. Consolidate your credit cards, store cards, student loan, medical bills and anything not related to your property and begin paying a lower monthly payment. Our debt consolidation associates are available to meet with you to discuss whether debt consolidation is right for you.

What is a home equity loan?

A home equity loan allows homeowners to obtain a loan in addition to their original loan using the equity in their home.  Home equity loans are generally a second mortgage, and are used for personal use.

Why apply for a home equity loan?

1. To get cash - Home equity loans allow homeowners to borrow against the equity in their home.
2. To consolidate consumer debt - Second mortgages are often tax-deductible, while credit card and auto loan consumer debt is not. Taking financial control will save you from bankruptcy, or a undisclosed high interest credit consumer credit counseling scam.

Should I apply for a home equity loan?

Home equity loans are practical for providing homeowners with a line of credit and consolidating debt. To learn more about whether a home equity loan is right for you, visit Oregon Mortgage Lending Group, LLC. One of our loan associates is waiting to help you learn more about your loan options.