An Installment Loan Could Help You Take Control of Your Debt

Carrying a large balance on your credit card or other high-interest credit can be very expensive. An installment loan at a lower interest rate may be a smarter option to pay down or pay off your higher interest credit cards.

Your Guide to Reducing Debt

Ask your creditors for a lower rate or flexible payment plan.

Refinance your private or government student loans.

Shop for credit cards with better terms or balance transfer promotions.

Check with your bank or credit union for good customer programs.

Cash in your rebates or points towards upcoming payments.

Refinance your auto loan to a lower interest rate.

Is Your Debt Out of Control?

Get the assistance you need. If you are struggling to pay your bills, bankruptcy isn’t necessarily your only option. Debt consolidation with an installment loan may allow you to pay off your high interest loans and credit card debts without declaring bankruptcy. Writing one check each month also makes it easier to manage your cash flow by paying less interest and finance charges every month. However, not everyone can qualify for a low-interest installment loan and so this may not be an option for you.

An installment loan could help you consolidate debt into one manageable payment. Learn more about how InstallmentLoans.com works.