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Peer-To-Peer Loans for Debt Consolidation

Debt spiralling out of control? Struggling to stay afloat? Resorting to payday loans just to make your rent payment? Debt collectors calling day and night? Overwhelmed and don’t know where to turn?

Peerform personal loans for debt consolidation are your ticket to financial peace of mind.

The credit card nightmare

Some of your credit card debt could have began in college. Credit card companies flourish on college campuses, and the card seems like such an easy way to take care of your expenditures when you don’t have cash in your pocket. Others enter into credit card debt when starting a family or being in between jobs. Usually the credit limits on these cards are low, which you think is a good thing—it will keep you on track. What happens? You max out the card. No problem. Just apply for another one. Now you have multiple cards, and you can pay the minimum on all of them, and the picture still looks pretty good in your eyes. This can continue for a while. In the meantime, you also have your student loans and maybe

Debt Consolidation

you decide you need a car. Then one day, it hits you, your income is not anywhere near enough to make even the minimum payment on all the credit cards and other loans and you start missing payments, the credit card is blocked, lenders are demanding full payment and you are staring at $30,000 in debt. Sound familiar?

The Peerform Advantage

  • Fast decision

  • Wide range of borrower eligibility

  • Application is free

  • Process is simple

  • No collateral

  • No hidden fees

  • Quick transfer of funded loans

  • Competitive rates

  • Unique approach to accessing creditworthiness

Credit card debt consolidation

Peerform loans can help you with credit card debt consolidation. Now, instead of having multiple credit cards, you have one balance without the creeping interest rates and fees charged by the credit cards companies. A fixed payment schedule helps you pay off your debt more quickly, putting you back on the road of financial health.

Why you need to consolidate credit card debt

The biggest problem with credit card debt is the high interest rates. If you are juggling multiple cards, and making just the minimum payment on each one, the balance owed does not decrease very much.

Using a debt calculator, you can see for yourself how long it will take you to pay off your debt this way. You enter how much you owe, the interest rate and what you think you can pay each month. You do this for each loan. The results might be shocking—you could be looking at decades before you have things under control again. With a car loan or mortgage, you can work out a lower rate using your property as collateral. Or you can sign on with one of the debt consolidation companies to do the negotiating for you. Not so with the credit cards. With a Peerform personal loan for debt consolidation you can gain control over your debt. A debt consolidation loan is the most strategic step you can take to obtain financial freedom.

Peer to peer debt consolidation for bad credit

If you don't have a decent FICO score you may not qualify for a conventional debt consolidation loan from other lenders. If you have been suffering through the mountain of bills, barely paying the minimum repayments, or not even that, paying late or missing payments altogether, you may be considered a credit risk and not eligible for a personal loan for debt consolidation from any conventional source. Some lenders are very nervous about making unsecured personal loans and if they do, the rates will be very high. You may qualify for a Peerform loan even if your FICO is only 600.

Debt Consolidation Loan Approved

A Peerform debt consolidation loan can help you

Don’t lose another second of your life stressing over mounting debt. With a Peerform debt consolidation loan, you can place all of your debts—credit cards, car loans, medical bills—into one easy to manage loan. Debt consolidation may lower your interest rate and fees and get you out of debt quicker, so you can start over with a clean slate and peace of mind.

A Peerform debt consolidation loan can put you back into the driver’s seat and give you the emotional and financial power to regain control of your life.

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