Did the pandemic cause you to accumulate more debt than you ever imagined possible? Perhaps you experienced a pay cut, lost your job, or suddenly found yourself the breadwinner. Unprepared for an emergency of this magnitude, you turned to credit cards and conserved resources by neglecting critical financial obligations. Now, months later, you’re in desperate need of a debt reduction strategy to get you back on track.
Look to Harrison Funding for Debt Consolidation
Your credit cards are all but maxed out. When you can afford to pay the minimum, it does nothing to reduce your debt. Your credit history is ruined, and creditors are on a rampage trying to get your accounts paid in full. You realize that if you do nothing, your financial problem will only get worse. You start looking into debt consolidation practices and stumble across Harrison Funding.
What Exactly Is Harrison Funding?
Harrison Funding is a debt consolidation company that assists customers in restructuring their debts. Financial experts work with clients to find a feasible solution to reducing credit card debt. If approved, the agency provides loan options that lump qualified credit card accounts into one. Consumers get the advantage of making one monthly payment and having a loan with lower interest rates, which allows them to pay down their debts faster.
To further answer the question of, “What is Harrison Funding?” you must have an accurate understanding of debt consolidation. In a nutshell, it’s the process of combining multiple high-interest credit cards or unsecured debts into one. The goal is to save money on interest rates and restructure payments to be more affordable and easier to manage. Companies like Harrison Funding debt consolidation essentially cover your outstanding debts allowing you to repay them at a more conducive rate to your current budget.
Debt Consolidation & Its Importance
Why should you consider debt consolidation? If you still have to make payments, how does this help your financial situation? Believe it or not, there are many advantages to considering this debt reduction strategy. Let’s say you decide to continue ignoring your credit card debt. You continue using the cards to pay for things you can’t afford. Eventually, you’re going to max out. Interest, late fees, and penalties start to accrue. Creditors begin aggressively trying to collect the debt by selling your account to collection agencies or filing lawsuits.
As this isn’t something you want to deal with in the middle of a pandemic, working with Harrison Funding seems like the best way to consolidate debt. Lumping your credit card accounts into one payment makes it easier to manage. You have the opportunity to lower your interest rates, which will save you money. More importantly, you avoid adverse collection practices like lawsuits and wage garnishments. Though you still have a monthly payment, it’s less than you were used to paying. The additional funds can essentially be used to cover the cost of expenses during the pandemic.
How to Consolidate Debt
Debt consolidation doesn’t eliminate your financial obligations, but it does make them easier to manage. There are several debt reduction strategies you can use to get back on track. One option would be to earn more money. If you can find another income source, you can use the additional funds to cover your debts. While the unemployment rates continue to fluctuate, there are opportunities to start a side gig to bring in extra cash.
Another debt reduction practice is taking out a loan. You can apply for a personal loan, borrow funds from your retirement account, or consider a home equity loan or line of credit. These options would give you a lump sum of cash, which you could use to pay your credit cards in full. However, if you have poor credit, this method may not be an option for you.
How to Consolidate Debt With Bad Credit
If your credit sucks, using a loan, credit card, or line of credit to pay down your debts is nearly impossible. Fortunately, there are other options available. You can work harder to earn more money, contact creditors, and try to negotiate a repayment plan or find ways to cut back on spending to free up cash to make timely payments.
If you read Harrison Funding reviews, you’ll see that one consumer had poor credit and could still receive assistance. Most debt consolidation companies are aware that applicants don’t have the best credit rating. As such, their eligibility requirements are often more flexible than traditional banks and lenders.
Can Harrison Funding Help Me Out?
Wondering if the best debt consolidation company can help you out of your financial situation? If you have a fair credit rating, a stable income source, and the willingness to become financially responsible, Harrison Funding can help. All it takes is a few minutes to apply for Harrison Funding to get the process started.
Apply With Harrison Funding
If you’re interested in how to apply for Harrison Funding today, it’s simple. Start by reviewing its website to see what they have to offer. Read the reviews for Harrison Funding, the about section, and frequently asked questions to gain better insight into the agency and its services. Then, complete the online application answering basic questions like your name, address, credit card balances, monthly payments, and monthly income. From there, your information is provided to an agent that will contact you to learn more and list your options for debt consolidation.
Though the nation has started distributing vaccines, the pandemic is far from over. Even after things are considered safe, it could take years for the economy to bounce back from all that has taken place. As such, you want to be financially prepared to handle what comes next. If your credit card debts have accumulated over the past year, now is the time to regain control of your finances. By reducing or eliminating your outstanding obligations, you can use the money to cover the cost of things you and your family need the most. Agencies like Harrison Funding understand your concerns and are available to help you find peace of mind for the new year and beyond.