Easy Credit and Debt Consolidation Loan Dangers

Decisions That Can Last a Lifetime Should Not be as Easy as Ordering a Pizza

The internet and your mobile device has changed just about every facet of life. In many cases, these apps and devices have proved very user-friendly and convenient. Personal virtual assistants, like Alexa & Siri, combined with connected banking and delivery apps, make getting a pizza delivered to your door as simple as saying, “Alexa,… Order Large Pepperoni from Dominoes”. BOOM! in 20 minutes there is a knock on the door and large pepperoni pizza is sitting on the welcome mat. When making important financial decisions about taking on the anchor of debt becomes as easy as ordering a pizza, just as sure as obesity comes from eating too much pizza, financial disaster is sure to result from the easy access to credit.

20 Minutes for Pizza – 10 Minutes for Cash

A quick search for “quick loans online” returns 2,640,000,000 results. Some of these advertise the ability to “Get Approved In 2 Minutes” with cash being deposited into your account in “10 minutes”. While not having the money for a candy bar may not seem like a desperate situation, the commercial fuels unfounded fears of embarrassment and shame many have when in a situation they do not have the immediate means to deal with. These fears cause many to make unwise financial decisions, open and use multiple credit accounts, and build an insurmountable pile of debts that cannot be serviced by their monthly cash flow.

Hundreds of Millions of “Solutions”

There are 138,000,000 returns for “debt Consolidation loans” or about 20% of the “quick loan” options. Debt consolidation bundles all of your high-interest smaller individual debt accounts into one large debt for a set term sometimes at lower interest. The theory is that DCLs relieve the cash flow pressure that comes from supporting your many impulse debts. A DCL does not close your open credit accounts or prevent you from opening new accounts and many find themselves in a debt cycle with growing mountains of debt.

Think Twice Then Call

Making the right financial decisions are hard enough without constantly being bombarded with “how easy and convenient” it is to access “quick cash”. We have helped 1000s of people in Mississippi and Alabama face their debt without embarrassment and shame providing them the guidance needed to end the cycle of debt they found themselves in. Call the experienced debt relief attorneys at the Bond & Botes Law Offices 1-877-581-3396 for an absolutely free consultation. We will clearly explain all your options to end your debt with the dignity you deserve.