In Need of Debt Consultation?
A common misnomer is that lending institutions want you to be in debt, but that couldn’t be further from the truth.
When banks, lenders, and credit card companies lend funds they fully expect to get them back. They are not in the business of losing money, which is why they do a credit check to determine your credit worthiness. Now I realize some skeptics will claim that’s not accurate and that many card companies hand out credit cards like candy to individuals with virtually little to no credit at all. Some may even point to the fact that the term “deadbeat” in credit card circles is used to describe a borrower who pays off his or her credit card in full every month and does not pay interest. All of this would naturally lead you to believe they like having you behind the 8-ball, but what they really like is for you to only be partially behind it.
If you are buried in debt and can’t afford to make your monthly payments that becomes a lose-lose for both parties. Your credit gets wrecked and the lender does not get their money. No one wants that.
In a perfect world a lending institution would love for a borrower to spent within their means and only carried a minimal balance for several months while paying a reasonable interest rate. When that happens the magical win-win for all is the net result. You establish positive credit history, they reap some interest on the money they lent you, and they keep their balance sheet clean. But in the real world things seldom go as planned.
Unexpected expenses lead to debt mounting, interest rates rising, and payments becoming less affordable, which is why this may be the perfect time to consider debt consultation if you are having financial difficulties
Student Platinum has partnered up with Credit.com, a leading debt resolution specialist, which offers solutions based upon your unique financial situation. You will be peered with a debt settlement or credit counseling partner who will work to cut down your debt balance and outline a monthly plan that is conducive to your economic situation.
Debts must be unsecured (which is a debt not tied to any item of property). You must have a source of income, and you can not include school or auto loans.
Get your free consultation from a debt expert at StudentPlatinum today!
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