DEBT consolidation

Debt consolidation is the process of combining multiple debts into a single loan or credit line, often with a lower interest rate and a single monthly payment. It helps simplify payments and may reduce overall costs.

How to Apply for Debt Consolidation:

Step 1: Review Your Debts – List all outstanding balances, interest rates, and minimum payments. [Have this ready in a spreadsheet to share]

Step 2: Set Up a Consultation With Jim -  with your list of debts, set up a meeting with Jim, to see how to best maximize your results

Step 3: Apply for a Loan or Program – Submit an application with financial details, credit score, and income verification. Go to this link to get started:

Step 4: Review the Payoff Plan with Jim – Now that all of the documentation has been completed, review the options available with Jim.  The goal is to confirm the final choices of the debt consolidation.

Step 5: Stick to a Budget – Avoid accumulating new debt and create a new home budget.  Don’t forget to make your first payment to yourself to your savings account!