debtconsolidationconnection.com
501 (c)(3) non-profit Organization
Free Consultation
Survey shows financial institutions were asked about debt consolidation in December
By Marvin Milner on Feb 17th, 2010
As consumers continue to try and tackle their issues with trying to pay off debt, some may turn to their financial institutions for advice.
According to a recent report from Wolters Kluwer Financial Services, 175 financial institutions were surveyed regarding what their customers were asking about regarding personal finances. Of those polled, 16 percent said that debt consolidation - along with budgeting, savings and debt repayment - was the subject of questions from consumers.
Lisa Fraga, vice president and general manager for the financial services organization, said that the survey shows consumers are trying to learn how to improve their financial standing.
According to experts, there may be a number of reasons why consumers consider an option for debt consolidation when it comes to trying to pay off their credit cards. In the face of increased interest rates, debt consolidation may provide consumers with lower percentages.
Furthermore, debt consolidation can make payments easier by reducing the number of bills a consumer has to deal with in a month, which makes missing payments less likely.
More Debt Consolidation News
