Credit card companies
want you to only pay the minimum. By only making
minimum payments your balance is never reduced. For example, only
making minimum payments on a 5000 limit - it would take
28 years before it is paid off. By using debt consolidation -
Fountain City Finance can eliminate your debt and pay off the
loans. The interest may be tax deductible.
Convert your 18% revolving
interest credit card debt to a low fixed rate simple interest loan
and potentially save several hundred dollars a month.
For example, we refinanced a
customers $90,000 in revolving debt onto a 30-year fixed rate loan
at 5.25% and saved them almost $2,100 a month.
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