Turn Outstanding Debt Into One Monthly Payment

Many of us are living month-to-month looking for some budget relief. If that’s the case for you, restructuring outstanding debt may put some room back in your budget.

What Does Restructuring Debt Mean?

Restructuring debt may sound difficult or confusing, but it doesn’t have to be. It’s just another way to say bill consolidation or combining more than one bill into the same loan which results in one monthly payment.

Many times, combining more than one bill into the same loan or credit card account results in one monthly payment that’s less than the multiple payments you’re making now. That difference can impact an already tight budget.

Improve Your Cash Flow With Fewer Bills

Besides one, lower monthly payment, consolidation can make room in a tight budget in a few different ways.

• Pay lower interest rates.
  Depending on the consolidation tool that’s right for you, it’s possible to pay a lower interest rate on your consolidation loan than what you’re currently paying on your existing accounts.

• Pay less overall interest.
  With fewer accounts, you may pay less interest overall which could mean more money for you in the long run.

You may only be able to combine a few of your outstanding bills into one monthly payment. But, even consolidating one or two accounts into a single loan with a lower overall monthly payment can still help boost your bottom line.

Turning Outstanding Bills Into One Monthly Payment

Everyone’s financial situation is different.

Some people can use their home’s equity or their auto loan to consolidate their bills. Others may opt for balance transfers to one credit card account. Depending on your situation and your financial needs, you may have a variety of ways to reorganize your accounts.

Wells Fargo Financial has several consolidation tools that could result in one monthly payment for you. Each product offers slightly different benefits, so it’s a good idea to know what options exist.

• Mortgage Refinancing   Apply Now
• Auto Refinancing   Apply Now
• Credit Card

Turn your outstanding bills into one monthly payment today! Apply online or call Wells Fargo Financial at 1-800-945-8934 to find out which option is best for you.