Debt consolidation in California helps you revamp your ruined financial house by paying off what you owe with an affordable monthly payment. This California debt relief option is extremely good since it gives you the option to make only one payment for multiple bills.
Well, you have 3 options in your hand for consolidating bills in California. The first one is California debt consolidation programs. The second one is California debt consolidation loans. And, the third one is debt consolidation california nonprofit. Check out the salient features and a brief comparison between the 3 options below.
|Consolidation program||Debt consolidation loan||Debt consolidation non-profit|
|How it works||It replaces multiple monthly payments with one||It dissolves your present loans and leaves you with only one||It works like normal consolidation program|
|What about fees||As per the industry standard||-||It charges nominal fees|
|How long you need to pay||Between 2-5 years||Between 2 and 20 years||Between 2 -5 years|
|What about credit score||It won’t hurt your score||It will hurt if you can’t pay off loan||It won’t hurt|
Yes. There are licensed debt consolidation companies in California. OVLG is one of them. It is registered with the California bar Association. Before enrolling in a program, always check if a company has the license to offer debt consolidation services in California. Check out the official website thoroughly and find out if they have a license number or a certificate. A licensed company will always follow the federal and state laws. There are less chances of getting scammed.
You can get loans from various sources in California like banks, financial institutions, credit unions, and peer-to-peer lenders. However, if you want to qualify for the cheapest interest rate, then go for California credit union debt consolidation. This is because state credit unions charge a very low interest rate for personal and consolidation loans. Some credit unions charge interest rate as low as 3.90%.
Debt consolidation San Diego programs are available to its residents both online and offline. OVLG offers San Diego debt consolidation programs online. You can consolidate your multiple bills within a few minutes to make your financial life stable once again. Just give a call at 800-530-OVLG to know how you can go ahead.
Just like in San Diego, debt consolidation programs are available in Temecula California. You can put all your bills in a single monthly payment plan and get rid of debts within 3 and 5 years.
Well, state of california debt consolidation programs don’t hurt your credit score as long as you pay off the entire debt. However, if you stop making payments, then the new agreement with your creditor will become null and void. There will be a sharp decline in your credit score.
Once you have completed the debt consolidation california program, ask your creditors to mark your accounts as ‘paid in full.’ This will create a positive impact on your credit report and score.
What we can say about these 3 California debt relief options.
Debt consolidations program in California - Best as it doesn’t bring fresh liabilities.
Debt consolidation loans in California - Bad as you can lose properties.
Non-profit debt consolidation in California - Good if you can select the right company.
OVLG ranks amongst the best debt consolidation companies in California. In fact it beats other companies because of the following factors:
This option helps to cut down the principal amount and disburse a lump sum payment to creditors.
This option helps to cut down interest and disburse payments amongst creditors.
This option helps you pay off debts by liquidating your non-exempt assets.
This option helps you pay off your unpaid bills through smartly chalked out money management plans.
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Last Updated on: 31 Mar 2020