Did you know that total consumer debt was at $4.2 trillion in November 2019? Americans owe 10% of their income to non-mortgage debts such as car payments, credit cards, and student or personal loans.
You may be struggling to pay many payments and are starting to see your interest payments rise. Keep reading, and we will walk you through Debthunch and how you can merge your debt and find the best solution for you.
What is Debthunch?
Debthunch is a family-owned licensed lender. They’ve been around for over 16 years and have an A+ rating from the Better Business Bureau.
There are many debt consolidation options out there, and finding the best solution that fits you and the debt you’re in can be a challenge.
They analyze your application and will match you with the best fitting solution.
6 Reasons Why the BBB Supports It
Out of 161 reviews on Trustpilot, 84% listed the product as “Excellent.”
There are many benefits to using Debthunch, and their reviews speak for themselves. The benefits will answer your question, “is Debthunch legit”?
1. Repayment Plan
Debthunch will set up a repayment plan that helps you take control of your debt. The program will include smaller payments and lower interest rates. This will help make your monthly payments more manageable.
The payments allow you to pay off your principal balance as well as interest. If you stay on track, you’ll be able to pay off your debt and save money.
2. Low-Interest Rates
Being a debt consolidation company, they can negotiate your interest rate down with creditors. This is how they fix your regular payments and make them lower and easier to pay off.
3. Smaller Late Fees
If you default on a debt account, you may get late fees or penalties on top of your interest, and your balance will feel like it’s growing out of your control. Debthunch can help you reduce or eliminate these charges.
Your focus will always be on your one payment a month, and paying it on time is critical. You won’t have to worry about the extra charges or fees.
4. Stop the Phone Calls
If you’re behind on your payments, you are already feeling stressed and overwhelmed. Collection agencies will call you over and over, even if you don’t answer.
When you sign up and agree to a plan, you will sign a power of attorney. This is a step at the beginning of the process, and once you sign, the agencies and creditors will stop calling. Signing this agreement lets them know that you’re trying to pay down your debt.
5. Get Rid of Debt Quickly
If you continue to make late payments or try to pay off your debt with the standard interest rate, it will take a long time. If you commit to paying a little more than the bare minimum, you will pay off your debt in a lot less time.
6. Improve Your Credit Score
You can reverse the negative in your credit score and start getting back on the right track. It’s a positive step in the right direction.
Lower Your Debt Today
Now that you know Debthunch is here to help you reduce your debt, you can reach out and get started.
You will be able to quickly pay off your debt, with lower monthly payments and no penalties or late fees.
Get your credit score back in good standing today!