Thursday, May 17, 2012

Debt Consolidation - Professional Writing Sample

Below is an example of an informational article written for SEO purposes.
The 600 word article was completed in 12 to 14 minutes with little to no research involved.

In order to understand the importance of non profit debt consolidation and other financial recovery services today, it is important to review the nature of credit card debt, specifically. When a consumer makes a large amount of purchases on a credit card, or multiple lines of credit, he or she will receive a monthly bill from the credit card company. Rather than paying off the total balance of all credit transactions, the consumer will need to make a small payment of about 5% to 15% of the running total of that line of credit. This way, consumers can take several months or even years to pay off various purchases. While this is a great way for consumers that need to make a variety of transactions to buy products without paying the full amount upfront, acquiring too much credit card debt can be very dangerous for those with unstable sources of income. This is because if the consumer makes his or her payments late, the creditor or lender will assess a large fee on the credit account, which can range from $15 to $50 for each instance. 

This financial penalty becomes more severe for payments that are missed completely. This means that theoretically, if a consumer that has a large amount of credit card debt were to lose his or her job and miss regular debt payments for several months as a result, the consumer could be facing a much larger debt balance when he or she finally recovers financially. This is further complicated by the fact that credit cards have some of the highest interest rates in the financial sector, which means that the consumer's balance will continue to grow quickly while he or she is recovering from this personal financial crisis. Many consumers in this situation believe that simply abandoning their debt is the only action available to them, as they have no way of paying off their debts on their own. However, this could lead to serious financial consequences in the long run! Consumers with high volumes of credit card debt should instead consider non profit debt consolidation services.

Non profit debt consolidation is a perfect solution for those consumers struggling under mountains of credit card debt. This is because with the consolidation process, the consumer will be able to benefit from a lower overall interest rate in most circumstances. The difference between measured interest rates, especially in relation to credit card debt, is often due to whether or not the debt is considered secured. Secured debts or lines of credit will most often boast low interest rates, because they are able to leverage the ownership of a personal asset against the line of credit. This means that if the consumer were to default on the loan, the lender would be able to seize this asset as payment for the unpaid funds.

The most well-known example of a secured loan is a mortgage or home loan. Credit card debt is considered unsecured debt, because the consumer is not required to have his or her personal assets leveraged against the total debt burden. However, when a consumer with large amounts of credit card debt decides to seek non profit debt consolidation, he or she may be able to leverage ownership of a property or vehicle against the new consolidated loan agreement. This will allow the new owner of the debt or debt to offer the consumer a much lower interest rate on the total loan balance! This will lower the consumer's monthly payments towards and will save him or her thousands of dollars throughout the loan term. With debt restitution programs like debt consolidation, consumers can get rid of their unsecured credit card debt and live without the added stress of a high debt burden.

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