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Then Anne discovered In Charge’s debt consolidation alternative.

With In Charge’s debt consolidation alternative, Anne was able to consolidate all of her payments into one convenient monthly payment, without taking out a new loan.

Excessive credit card debt – the thing that gets people in the most financial trouble – is the best reason to consolidate debt.

The average interest rates on credit cards in 2017 was 16.06%. The average credit card interest rate is around 15% APR.

With few options, Anne lived off her credit cards while unemployed, adding an additional 00 to her debt.

At 32, she owes ,900 on 9 different credit cards.

Over the next few years, Anne experienced a number of financial set-backs.

We’ll teach, motivate and inspire you to stay debt free.

Our financial literacy program will teach you how to save money, build an emergency fund and set achievable financial goals.

The interest rate on debt consolidation loans depends on your credit score, but if your score was above 640, you could get a loan for as low as 7%. That’s .00 per year for every 0 you carry in debt. Here’s a scenario to help you better understand traditional debt consolidation.

Secured debts such as homes, property and automobiles can be refinanced, but are not considered good candidates for debt consolidation because you are placing a valuable asset at risk. If you have ,000 in debt, you’d be paying 50 each year to hold that debt. If you carry that same debt for 5 years, you’ve paid ,250 to borrow ,000. After you’ve read that, we’ll tell you how In Charge’s non profit debt consolidation alternative can capture all the benefits of traditional debt consolidation without the risks.


  1. It's possible to add the costs associated with getting a new mortgage into the total refinance amount to avoid paying anything out of pocket at closing. However, refinancing to get cash out or consolidate your debt may result in a longer loan term or a higher rate, and that might mean paying more in interest overall in the long.

  2. Jun 13, 2014. You may be tempted to consolidate your credit card and other high-interest debt into a mortgage with much lower payments. The offers are widespread. But is this a wise financial decision? Today's debt consolidation mortgages are more conservative than those seen during the housing boom, when.

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