Debt consolidation - can reduce your interest servicing costs

Debt Consolidation and reduced interest costs can save the average homeowner $38,273 over a lifetime.  For many this is the equivalent of work one less year in a life!  Reducing the mortgage and credit card interest carrying costs you pay by only 1% over a lifetime will probably have the single largest financial effect on you life.

If the average homeowner has total consumer and household debt levels of $150,000 averaging 9% interest over a 30 year term, the lifetime cost of of paying this debt off is $434,502.

By consolidating different types of loans and debt you will often qualify for lower rates of interest.  If you could reduce your average interest carrying cost by 1%, lifetime payments drop to $396,229, saving you $38,273 by consolidating debt.
 

The internet makes it very easy to shop around and compare debt consolidation quotes, take a few minutes to find out how much you could save - most sites offer a free debt consolidation quote.