About Debt
Debt Consolidation Loans
Consolidating all your debt into one monthly bill may seem like a great way to take control of your debt, but at American Financial we urge you to be very careful. There is a very high chance that you could end up in even deeper debt!
Like many things in life, Debt Consolidation Loans have a catch. At American Financial we have found many clients who have ended up with a larger debt due to the high APR's (Adjusted Periodic Rate) of Debt Consolidation Loans. If you have found yourself in a similar situation, do not worry; we have helped hundreds of people just like you.
Here are a couple things to take note of if you are thinking of a Debt Consolidation Loan. When a lender loans money to pay off all your credit cards and other debt, you have one monthly bill which is paid to the lender. Often these loans do not have a lower APR, and can be as high as APR's of 24%. Even if you do get a decent APR, you are still in debt. The big mistake which we have seen at American Financial is people giving up unsecured debt for secured debt. Most Debt Consolidation Loans are given in the form of home equity loans; which means if you do not pay you lose your home. At American Financial we understand that Debt can be a stressful time for many people. Do you really need to add the stress of possibly losing your home with unsecured debt? Call us today at 800-931-4237 and receive free information on alternatives. Begin to take control of your life.
- Credit Cards
- Unsecured Loans
- Unsecured Personal Loans
- Unsecured Personal Lines of Credit
- Collections, Autos in Repossession
- Home Loans / Mortgages
- Auto Loans / Student Loans
- Government Loans
- Lawsuits, IRS Debt/Taxes
- Secured Debts / Medical Bills
* Individual results may vary based on ability to save funds, amount of debt, willingness of creditors to negotiate, and the successful completion of all program terms. DMB's fees not included in savings disclosure. Program does not assume or pay any debts, nor provide legal or tax advice. Prudence should always be taken by consumers when reviewing contracts and disclosure materials. DMB's services not available in all states.
