At Sovereign Funding, we know that there is no one-size-fits all solution when it comes to managing your debt. Every family is different, based on its own set of financial, logistical and emotional circumstances. If you are looking to ease your existing debt load, we will explore alternatives for you to pay off your credit cards at a lower rate than what you may currently be paying.
If you need help in paying your debts, a consolidation loan may be a viable solution. The loan can be either secured or unsecured and be used to pay off your high interest debt at a lower rate. By combining your debt into one payment and lowering your interest rate, you can pay off what you owe more quickly and even lower your monthly payments.
There are various types of consolidation loans. Personal Loans can usually lower your interest rates and allow you to pay off your debts faster. Home secured loans usually come with even lower interest rates and you may be able to deduct up to 100% of the interest for tax purposes. All of these options can usually be done without affecting your credit score.
Sovereign Funding reviews applications to determine if individuals are eligible for loans. If they are eligible, their loan applications are then referred to a loan company. If they do not qualify, Sovereign Funding is unable to assist them in getting a loan.