Bloomfield Hills, MI – May 21st, 2019 – Consumer debt continues to rise, and some proactive consumers are beginning to consider a more cautionary approach to their own personal financial matters. As the debt ratio increases, purchasing power actually decreases and consumers lose some of their financial freedom to make their own sound decisions about their portfolios, debit, and credit profiles. Gaining this financial power back is an urgent goal for most consumers. 

Debt consolidation loans are helpful to consumers who have a high debt load that is spread across many different lenders. Consolidating or transferring these individual balances to one place will help make monthly payments more efficient and more effective. They become more efficient because consumers are making only one payment instead of several each month. The time management aspect also makes it less likely that consumers will accidentally overlook a monthly payment and miss the deadline, incurring late fees and potential derogatory marks against their credit history. 

Monthly payments are more effective in a debt consolidation setting because consumers are not juggling multiple payments with varying interest rates. More of the monthly payment is applied directly to the principal balance in most cases, and the overall interest is generally lower under a debt consolidation loan. The benefits of debt consolidation loans cover a multitude of other areas, but the cost savings alone is generally the main reason consumers take advantage of this debt solution. 

For every financial burden, there is a viable solution. When that solution is a debt consolidation loan, consumers typically take years off their expected debt payoff. Paying down unwanted and unhealthy debt is a major accomplishment for most consumers, and the process could take years to complete. Replacing high interest credit card debt or long-term auto loan contracts with one convenient monthly payment allows consumers the freedom to control their own financial destiny. 

Truman Advisors is a reputable financial firm that focuses on sustainable financial growth, wealth management, and debt reduction. The professional staff is dedicated to superior customer service and provides a full line of financial products and services to consumers. 

Media Contact
Company Name: Truman Advisors
Contact Person: Media Relations
Email: Send Email
Phone: 800-212-1409
Address:PO Box 7285
City: Bloomfield Hills
State: MI, 48302
Country: United States
Website: https://www.trumanadvisors.com/