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Debt consolidation in Utah: Pay bills in Salt lake City and St.George fast

Are you a Utah consumer badly with too many debts? Then, consider a debt consolidation program get your finances back on track!

Debt consolidation allows you to combine several debts into a single loan that you repay at a lower interest rate. You can find a consolidation loan on your own, or get help from a Utah debt consolidation company.

How much can you save?
Monthly payment you can afford
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Debt consolidation in Utah: How to consolidate bills

You can consolidate your bills in 2 ways in Utah and they are:

  1. Debt consolidation programs: These programs make the payment process simple and affordable. The debt consolidation companies in Utah give you a single monthly payment plan to pay off multiple bills at a low interest rate. So, there isn’t a huge financial pressure on you.
  2. Debt consolidation loans: They help you to pay off your multiple bills carrying high interest rates with a single loan at a low interest rate. After you have paid off your multiple bills, you can start making payments on the new loan. You have to make monthly payments on the new loan at a reduced interest rate.

What kinds of consolidation loans are available in Utah?

Two types of debt consolidation loans are available in Utah and they are:

  • Secured loans: They require the borrower to put down some collateral like their house or car against the loan. Secured loans are generally available at lower interest rates and for more money than unsecured loans.
  • Unsecured loans: They do not require collateral. In order to get an unsecured loan, the borrower must have a decent credit score in order to reassure the lender.

How Utah debt consolidation companies can help you

If you are not confident that you can find the right consolidation loan by yourself, then why not enroll in a debt consolidation program offered by a BBB accredited debt consolidation company?

The Utah consolidation firms offer a wide range of debt consolidation programs to suit your needs. The Utah debt consolidation companies give advice to their clients on how to spend money wisely, organize finances, and pay off debts quickly.

When you enroll in a debt consolidation program, you pay an upfront fee to the company for initiating the consolidation process. Thereafter, the company takes complete charge of your debt issues.

First, the company's debt consolidation lawyers thoroughly assess your debt situation and contact your creditors asking them to stop all communication with you. They then negotiate with your creditors to eliminate late fees, lower interest rates, and over-limit charges that have accrued to make your monthly payments affordable.

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If you are stuck up with any of the following debts, considering debt consolidation would be the best option:

  • Credit Cards Debts
  • Student Loans
  • Personal Loans
  • Medical bills
  • Payday Loans

How to find the best debt consolidation companies in Utah

There are a couple of ways to find good debt consolidation companies in Utah. Here are a few of them:

1. Search companies online: Type best debt consolidation companies in Utah in any search engine and you’ll get a list of websites containing that information. Browse those websites to get the list of companies and their online reviews. Next, visit the official website of each company and find out if they are registered in Utah. Know how they work before shortlisting the companies.

2, Ask your friends: Call your friends and ask them to recommend a few good companies to you. Ask them if they have personally worked with those companies and how their experience was. Are they satisfied with those companies? What are the factors that they love about those companies? These answers can help you to make the final decision.

3. Crunch the numbers: Call the companies and ask them how much you have to pay in total. Ask if you have to pay a fee in advance. If they say ‘yes’, then don’t sign any agreement with them since it’s against the law. Compare their fee structure with others to find out if they are charging high fees. If you end up spending a lot of money on fees only, then you won’t be able to save a lot of money even after consolidating bills.

How debt consolidation affects your credit score in Utah

Debt consolidation is the best among debt relief options in Utah to improve your credit score.

Debt consolidation loans in Utah lower your credit score a bit. However, as your defaulted accounts start getting paid off, your score increases. And as you pay off the consolidation loan, your credit score increases even more.

Debt programs in Utah don’t hurt your credit score as well. Your credit score may drop initially. However, as you pay off one account after another, your credit score starts going up .

Debt consolidation tips

Handled properly, debt consolidation can be the best means to fix your credit score. It is very important for you to keep certain things in mind while in a debt consolidation program:

  • Do not to close your credit card accounts as soon as you pay them off, as it impacts your credit score.
  • Avoid taking out any new loans while on a consolidation program, as it also decreases your credit score.
  • Make your payments on time, as timely payments improve your credit score.
  • Avoid balance-transfers, especially if you apply for a new credit card in order to take advantage of the introductory interest rates. If you fail to pay off the balance within the trial period, your interest rates increase, and could hamper your ability to pay on time.
  • Avoid frequent applications for credit cards, while in a consolidation program. Applying for a new credit card every six months opens up possibilities for new defaults.

Benefits of Utah Debt Consolidation

  • Lower interest rates.
  • Single monthly payments.
  • Freedom from creditor harassment.
  • Improved credit score.
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Can you get debt consolidation loans in Utah with bad credit?

It will be hard to qualify for debt consolidation loans in Utah with bad credit. Lenders would either offer you secured loans or they would charge a high-interest rate on the new loans. Now, you have to choose between the two. If the new interest rate on the loan is still lower than your existing debts, then you can opt for it.

If you’re willing to risk your properties, then you can opt for the secured consolidation loans.

Can you apply for debt consolidation programs in St.George, Utah?

Yes. You can apply for debt consolidation programs in St.George, Utah to repay your bills quickly. You can apply for programs online to save money and time. The process is same just like in any city of Utah. Just make sure you read and understand the features of the programs before paying any fee.

How can you qualify for debt consolidation programs in Salt Lake City, Utah?

It isn't too tough to qualify for debt consolidation programs in Salt Lake City, Utah. If you have unsecured debts, a regular source of monthly income, and valid identity cards, then you can easily be eligible for these programs.

Other debt relief options

Debt consolidation is not the only one option to get out of debt. Many debt relief companies offer debt settlement and debt management plans to help their customers. If you are not sure about consolidating debts in Utah, then you can try settlement and management plans.

Related information


State Attorney General Phone Number: (801) 366-0260, (801) 538-9600, (801) 366-0300
Public Service Commission Phone Number: (801) 530-6651, 801-530-6716

FTC Address:
Western Region Federal Trade Commission 901 Market Street, Suite 570 San Francisco, CA 94103 Western Region Federal Trade Commission 10877 Wilshire Blvd., Suite 700 Los Angeles, California 90024
FTC Toll Free:
877-FTC-HELP (382-4357)
FTC Website Url:
CFPB Toll Free:
1-855-411-2372
CFPB E-mail:
info@consumerfinance.gov
whistleblower@consumerfinance.gov
CFPB Website Url:


Last Updated on: Mon, 6 Apr 2020