Debt Consolidation
Tired of juggling multiple payments? Debt consolidation rolls your debts into one, making things simpler—and potentially more affordable. Liberty offers customized consolidation plans designed to reduce stress and accelerate your progress.
Debt Relief Through Consolidation
Debt consolidation means taking out a loan to combine all your unsecured debts into one monthly payment, simplifying your finances. This can potentially lead to a lower interest rate, but it often comes with higher penalties for late or missed payments. Some loans require collateral, which puts your assets at risk if you fall behind.
The downside is that you are not eliminating debt; you are simply exchanging old debt for new debt. This option can be useful if you qualify for a significantly lower interest rate. However, if you’re close to maxing out your accounts or have a poor credit score, debt consolidation may not be the best choice, and debt settlement could be more appropriate.
Debt Consolidation vs. Debt Settlement
Debt consolidation involves taking on new debt to pay off existing debt, while debt settlement is negotiating with creditors to reduce total debt. For many, debt settlement is preferable since it doesn’t add more debt.
Although debt consolidation is well-known, debt settlement is often overlooked due to the intimidation of negotiating with creditors. Our expertise in debt settlement, backed by years of experience, helps clients achieve favorable results.
Reduce what you owe.
Pay down $25,000 est. in debt faster than minimums (including interest)
Pay less each month
Liberty Debt Relief
$467/mo
Current
$730/mo
Reduce what you owe
Liberty Debt Relief
$22,400/mo
est. total cost w/ fees
Current
$51,386/mo
est. total cost w/ fees
Get rid of debt faster
Liberty Debt Relief
4 years
Current
5 years 9 mos
Clients could free up $263/mo (avg) compared to minimum debt payments.
Information provided in this graph is for informational purposes only and the Liberty Debt Relief option does not constitute an offer for debt resolution or any other product.
$100 + Million
In Resolved Debt
30+ Thousand
Satisfied Clients
8+ Years
In the Industry
