Best Debt Consolidation Companies For 2017 Announced by BestDebtConsolidationLoans.com
February 03, 2017 (PRLEAP.COM) Business NewsFebruary 3, 2017 - SAN ANTONIO — Consumer debt in the United States now totals nearly $4 trillion, according to the Federal Reserve. With over a quarter of that outstanding debt taking the form of high-interest, revolving credit, consolidating any one individual's obligations can make the burden of repayment much lighter. As one of the Internet's leading authorities in its niche, Best Debt Consolidation Loans has just released a brand-new list of the best consumer debt consolidation options for 2017.
The site's National Debt Relief review highlights that company as the single best option for those with checkered credit histories, with many such satisfied clients paying off their debts at a fraction of the cost they originally faced. The Best Debt Consolidation Loans Lending Club review details how that lender's loans of up to $40,000 over terms of 36 or 60 months make it an especially strong option for borrowers with good to excellent credit ratings.
Finally, an in-depth Lightstream Loans review delves into the strengths and weaknesses of another top choice, where well-qualified applicants can take out debt consolidation loans of up to $100,000. While costs will vary depending upon interest rate, principal amount, and term length, even consumers facing otherwise burdensome debts can lower their monthly and total repayment amounts by making use of one of the Best Debt Consolidation Loans picks for 2017.
"The average American household today devotes around 10 percent of disposable income staying up to date with consumer debt payments," said Best Debt Consolidation Loans representative Chris Campos, "When managed wisely, consumer debt can be a useful tool, but too many people end up in situations where payments become a real burden. Consolidating revolving and other debts into a single, lower-interest loan can make it much easier to take back control. Our three top picks for 2017 all have a lot to offer, and we think many people will benefit from reading our reviews of these services."
Consumer debt levels in the United States have been rising steadily for many years, both in absolute terms and as a percentage of average household income. Consumers who submit only the monthly minimum on certain kinds of accounts like credit cards will normally take years to pay them off, with the amount eventually repaid often totaling several times what was originally borrowed.
Debt consolidation is the strategic restructuring of debt such that one loan or program is used to pay off a number of others at a lower interest rate and with lower monthly payments. Best Debt Consolidation Loans is one of the leading online destinations for those interested in such options. The site's reviews, guides, and strategies are all directed at helping consumers understand the best options and make effective use of them.
The site's newly announced picks for the best debt consolidation options for 2017 will therefore be of interest and value to many. Best Debt Consolidation Loans website visitors can read the new and updated reviews of the top three picks and the many other helpful resources to be found there.
About Best Debt Consolidation Loans:
Providing reliable, informed advice, reviews, and analysis, BestDebtConsolidationLoans.com helps readers of all credit situations learn about their debt consolidation options.