Debt Consolidation Education

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Debt Consolidation With Wells Fargo Financial

Debt Consolidation Options and Information

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Imagine a world in which you had no debt. You had no mortgage payments to make, you owned your vehicles in full and you always kept credit cards at a zero balance. Unfortunately, this isn't the case for the majority of Americans today.

In fact, U.S. consumer borrowing rose more than forecast in November 2007 as Americans used credit cards and auto loans to add to a record amount of debt. According to the Federal Reserve Board, consumer credit increased $15.4 billion for the month to $2.51 trillion.1

Restructure Your Debt And Get Back On Track

Do you find yourself sinking deeper and deeper into a sea of debt? Would you like to find ways to consolidate some of your debt and existing expenses so you can stay afloat financially?

Wells Fargo Financial offers several debt consolidation loans and will work with you to find the loan option that fits your financial needs. Maybe you want to use what could be your most valuable asset, your home, to consolidate debt. Or, you may have considered leveraging your vehicle to get extra money. Whatever your needs, turn to the convenience and dependability of Wells Fargo Financial.

Our debt consolidation loan options include:

When It Comes To Debt Consolidation Loans, The Options Are Yours

Mortgage Refinance Loans

Did you know you could refinance your mortgage loan to pay off existing debt? With mortgage refinance loans, you could get extra funds to use however you choose. You may be able to reduce the number of bills you pay each month by consolidating multiple debts into one convenient payment. Plus, the interest you pay may be tax deductible.2

Learn more about our mortgage refinance loans.

Home Equity Loans And Lines Of Credit

Home equity loans and lines of credit let you take advantage of the equity you've built in your house. You can use this loan option to restructure your debt. This is a great resource for many homeowners as the interest may be tax deductible.2

Learn more about our home equity loans and lines of credit.

Considering Debt Consolidation?

Here Are 4 Tips To Keep In Mind

  1. Check your credit report regularly. It will help you identify financial problems that need your immediate attention.
  2. Pay attention to your budget. The person who best knows your repayment ability is you!
  3. Consolidating all debt may not be the right choice for you, particularly debt with smaller interest rates. Make sure your debt consolidation plan isn't counter-productive.
  4. Choose a reputable consolidation company. Consider several factors including experience and track record before choosing who you want to help you consolidate debt.

Personal Loans

Our Cash on Demand® product is a tool you can use to pay down other debt if you choose. Have peace-of-mind knowing you'll have access to the money you need, when you need it. When you choose to pay off debt with Cash on Demand, you can simplify money management.

Learn more about Cash on Demand.

Auto Refinance Loans

Use your vehicle as a tool to pay down your debt. Roll the bills you'd like to consolidate into one easy-to-manage payment and pay off higher-interest debt. It will make your life simpler with fewer checks to write each month, and you can spend less time balancing your budget.

Learn more about auto refinance loans.

Credit Cards

With our Visa® Platinum credit card, you can make purchases around the clock, pay for large and small expenses or use it as a tool to pay down other debt. When you merge debt into one account, you will pay no balance transfer or transaction fees.

Learn more about credit cards.

More About Debt Consolidation

So what is debt consolidation? It's a strategy sometimes used by consumers to better manage their debt problems. When you open a debt consolidation loan, you actually take out one larger loan and use it to pay off several smaller loans.

Debt consolidation loans could allow you to:

  • Lower your monthly payments.
  • Streamline your expenses.
  • Eliminate higher-interest rate bills.

Many Americans are faced with debt. If you're experiencing financial difficulty because of your existing debt, see what Wells Fargo Financial can do for you. Do you want to discover the peace-of-mind you could have with fewer checks to write each month? Pay no upfront fees and have no obligation when you apply today!

  1. "U.S. Consumer Debt Rose $15.4 Billion in November," January 2008, www.bloomberg.com/apps/news?pid=20601103&sid=apia8f3hFuX8&refer=us
  2. Consult your tax advisor regarding deductibility of interest.