Keeping Payments Much Easier
When people find themselves owing creditors thousands upon thousands of dollars, it is not always the money to pay it back that is difficult – it is keeping track of all the different creditors that you owe money to. If you’re like most people, once you get a bill in the mail it goes in a giant pile to be paid off every month, usually by different due dates. Going through that pile and having to write checks for many different creditors are not only a hassle, they are also far too easy to make a mistake.
Within one year of graduating from college, I had already missed 3 payments from 2 different credit sources and failed to consolidate student loans in time. It was not that I didn’t have the money, because I did, it was I was writing so many checks to creditors that I often thought I paid off a bill that I hadn’t, at least not on time, which raised my interest rates considerably and caused me to be in dire need of a debt solution in order to improve my credit and lower my monthly payments.
Clearly if I’d been able to simply keep all of my loans and credit cards together, from the same company, there is no way I would have missed any of those payments.
