TUCSON, Arizona, January 9, 2013 /PRNewswire/ --
PersonalLoansForBadCredit.net, the leading introduction service for individuals with bad credit seeking loans, announces its newly updated consolidation lender database and matching service. As the New Year has started with many Americans in the red, the site is keen to help point consumers in the direction of ways to help lower their monthly expenses while still meeting and paying off their debt obligations.
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Debt consolidation is the process of undertaking one larger loan to cover and pay down many smaller loans. It can be beneficial as it often has the effect of resulting in smaller repayments over a longer period of time. This can make the process of repaying more manageable and easier to keep track of, with one payment instead of several. An added benefit experienced by many consumers that take a debt consolidation loan is money saved on missed payment fees from numerous debt obligations.
A debt consolidation loan can extend the repayment period of a loan and, in some instances, reduce the overall amount of interest payable on the sums consolidated into one. A number of the lenders featured on the PersonalLoansForBadCredit platform can also consolidate car loan payments.
PersonalLoansForBadCredit.net made the announcement in the following statement.
"PersonalLoansForBadCredit.net would like to wish all of our customers a Happy New Year and an even happier financial year. We anticipate that a high number of Americans awoke on January 1 2013 with increasing anxiety over how they will meet their bills and repayments over the coming months. For those consumers and others wanting to really get a handle on paying down loans and getting over their financial problems, debt consolidation may be the answer.
"When searching for debt consolidation loans via our free-to-use comparison service, we advise consumers to be mindful of their interest payments, payment lengths and the overall amount that will be paid against the amount being borrowed. Careful selection of a lender and loan according to these variables will help maximize the benefit of transferring their debt into one lump sum loan, and potentially save them money in the long run."
To learn more about debt consolidation or to compare options, visit:
Contact: Sam Ash