Brice Capital Reviews for Debt Consolidation

Brice Capital debt consolidation

Brice Capital is a great option for consolidating debt to help with your finances. Learn more about whether it’s a good fit through our Brice Capital reviews.

Brice Capital Is Here to Help

Covid has left a lot of people in debt due to loss of work. Brice Capital is one of many lenders who have helped people that are struggling due to overwhelming debt. Many people lost their jobs through no fault of their own. The company they worked for is literally no longer in business. It is not a temporary lay off, it is a permanent life alteration.

Brice Capital reviews are filled with stories of people who were struggling with debt due to the secondary effects of the pandemic and found a path forward. It is among all things possible that you can find the same kind of help. If you find that debt is weighing you down through no fault of your own, See if a Brice Capital debt consolidation is right for you:

Who Is Brice Capital?

Brice Capital does debt consolidation work for people struggling with paying their creditors from month to month. By offering a debt consolidation loan, they make it possible for people to reduce the number of bills they have to keep up with throughout the pay period. Additionally, the payment is reduced, often significantly, from their previous debt service.

What Is Debt Consolidation?

Right now, your total debt is a composite of all the outstanding balances you have with all your creditors such as credit card providers. That could be three or more separate payments you have to make each month not including housing and utilities.

A debt consolidation loan combines those bills into one, easy payment. You make one payment each month and save money in the process. That offers a huge boost in peace of mind, self confidence, and energy. It also contributes in boosting your credit score. As a result of debt and other factors, many have seen their credit score plummet. Fortunately, one can still get debt consolidation for bad credit.

How Does the Debt Consolidation Process Work?

How does debt consolidation work? The process is easier than you think. You first determine if you think a consolidation loan can help you. Then, check out some reviews to find the best debt consolidation product for your needs.

From there, you get a loan equal to the amount you owe to your creditors. Those creditors are paid in full. You make one monthly payment that represents significant savings because you will be paying a lower interest rate. The phone stops ringing with collectors. The threatening letters stop coming. And negative items on your credit report are checked off.

Is Debt Consolidation a Good Idea?

The first thing you need to know about debt consolidation is that it is a loan, like any other loan. A Brice Capital debt consolidation is a loan used to pay off your outstanding, high-interest credit with other lenders. Debt consolidation is a good idea in general. The exact amount of benefit you see will depend on how much you are paying in interest right now.

With an overall lower interest rate, you can save hundreds or even thousands in the long-term. In the short-term, you can save a substantial amount, giving you that bit of necessary breathing room for your budget to come alive. It can also open the door to starting a savings account that can make all the difference when income is reduced.

What Other Benefits Come with Debt Consolidation Loans?

Besides having one bill and one creditor and a lower interest rate, you also gain the positive bump to your credit record for paying off several creditors. If you get the consolidation loan before falling behind, you will benefit from having made on-time payments.

Not long after that, your credit score should take a turn for the better. Making payments on time helps your credit score, even if you have had difficulties in the past. There is no credit so bad that it can’t be improved. Once things start going in the right direction, that improvement happens faster than you might have thought possible.

A potential pitfall to improving your credit score is that you will start getting more and better credit card offers. Those offers will be very tempting. You might use a loan calculator and determine that you are making enough for a new credit card. But you will want to fight the urge. Instead, take the money you save and invest it in an interest-bearing savings account.

If you can wait till your loan is fully paid off, you will be in a much better position to purchase a vehicle. Public transportation is not a viable option in many places. Your prospects for work will increase when you have reliable transportation. Your car payments will be much more manageable when you can pay with a reasonable down payment and a credit score of 700 and above. At that point, many more options are available to you that weren’t before.

How Can Brice Capital Help Consolidate Debt?

Brice Capital is not the end of your financial journey. But it could be a great place to start. If you choose to make Brice Capital the first stop on your road to recovery, they help free you from the oppressive weight of debt so you can breathe again. If you are on a fixed income, have too much month at the end of the money, and frequently have to choose which creditor’s bills will have to wait another month, you should read those Brice Capital reviews and take the next step.

Applying With Brice Capital?

Once you click the link for the Brice Capital application, be prepared to answer a few basic questions. You don’t need exact amounts at this stage. An estimate of your debts and payments will be sufficient. From there, financial freedom is as close as you want it to be. 

Why I’m Not One of the Americans Taking on 57 Billion in Credit Card Debt Thanks to Brice Capital

Brice Capital logo for debt consolidation

Consumer debt rose to $57 billion in 2014, a record since last year, marking a 47% increase from 2013. Fortunately, I’m not one of those Americans who responded to the good economy by spending money I borrowed from credit cards to live beyond my means.

Today, I’m pleased to report that I am increasing my wealth, not decreasing it. This wasn’t always true for me. Before the 2007-2008 financial crisis, I spent more than I earned, especially when shopping for things that provided instant gratification.  

Here is the story of how I turned my finances around when I had high debt. 

Debt Restructuring 

Initially, I tried to simply pay off my credit card bills as they came in. But this was difficult to do because I had been in the habit of applying for new credit cards after maxing out on the ones that I had been using. Consequently, I received a regular stream of credit card bills every month.  

Since they were different amounts with different interest rates, I spent a considerable amount of time and effort keeping up with my finances. Gradually, I fell behind in my bookkeeping, either not paying them on time and incurring late fees or just paying the minimum balance and incurring high-interest rates. 

Although I stopped using my credit cards altogether, my debts continued to increase because the credit card companies were now charging interest on the interest. This compounding effect meant that I now paid less on the principal of my debts.

Then something fortuitous happened, something that pulled me out of my despair because I had come to a point where I couldn’t pay down my credit cards fast enough with my current salary. A friend directed me to read a review article about Brice Capital, a debt consolidation company.

The consolidated loan I received allowed me to pay off all my credit cards completely. Suddenly, I only had to write one check a month, an affordable amount to repay the loan. 

Controlling My Spending 

After finally getting a handle on repaying my debt, I realized that the reason I got into debt in the first place was because I only had a vague idea of how much I was spending each month.  

I entertained a rather simplistic idea about personal finance: If I had money in my checking account, then I believed I could afford to buy anything that did not wipe out my bank balance.

So, for example, if I had $400 in my bank account and wanted a pair of high-end sneakers that cost $250, I thought I could afford them. I naively assumed that by the time my next bills came in, important bills for the phone or rent, I would have earned another paycheck to make up for the amount I had spent on the sneakers.

What I failed to consider was how much I spent on small things, such as the money I spent at coffee shops when hanging out with my friends, buying snacks when grocery shopping, paying for a day’s parking at a parking lot, and other such miscellaneous daily expenses. 

Unaware of how to get a grip on my spending, I asked my friend, the same one who had tipped me off about Brice Capital, about what to do. He suggested I sign up for a personal finance podcast. 

I still remember the day when I was driving to work listening to the podcast on my smartphone. That particular day, the host talked about how to create a zero-based budget. I was so thrilled by the idea that I pulled off to the side of the road to make notes.

Essentially, this budgeting system helps you figure out how to spend your money as soon as you receive your paycheck so that you can easily cover all your bills every month and tuck any surplus cash into a savings account. I hope this explanation of how to restructure your debt and control your spending helps you on your personal finance journey.