{"id":1531,"date":"2018-04-16T13:30:54","date_gmt":"2018-04-16T17:30:54","guid":{"rendered":"http:\/\/gwywp8381.cloudapp.net\/?p=1531"},"modified":"2019-10-22T01:09:15","modified_gmt":"2019-10-22T05:09:15","slug":"your-first-step-to-freedom-from-debt","status":"publish","type":"post","link":"https:\/\/www.lendvious.com\/blog\/blog\/2018\/04\/16\/your-first-step-to-freedom-from-debt\/","title":{"rendered":"Your First Step to Freedom from Debt"},"content":{"rendered":"<p>Debt is much like Karma- It never goes unpaid! That\u2019s a universal fact, and that\u2019s why it\u2019s important that you have a proper repayment plan. This is especially true when you have multiple debts to deal with. Debt Consolidation can largely simplify the hassles involved in the repayment of multiple loans. To many, debt repayment is a journey that\u2019s similar to a hurdle race- you barely manage to jump over one repayment barrier only to find there are many more to go.<\/p>\n<p>Let\u2019s accept the fact that debts have become a necessary evil. To many, a loan is the only way to refurbish their homes, to others, it\u2019s the only means to a much\u2013needed car or the only hope towards getting a college education. And when you have all of these needs to be met, you\u2019re most likely to opt for multiple loans. But let\u2019s face the fact that no loan comes without interest and a strict repayment schedule. Consequently, you may soon find yourself trying hard to cope with multiple due dates and payments. Add to these, the perils of the plastic card which is founded on the very idea of debt. No doubt credit cards are very convenient to use, but remember they\u2019re only so as long as you\u2019re making timely payments. What\u2019s the result? Sooner or later, you\u2019ll find that you no longer control your debts, but they control you!<\/p>\n<p>This is where debt consolidation comes in handy. It offers a hassle-free method of repayment by helping you consolidate all your debts into one <a href=\"https:\/\/www.lendvious.com\/loans\/debt-consolidation-loans\" target=\"_blank\" rel=\"noopener noreferrer\">debt consolidation loan<\/a>. Consolidating all your debts into one loan can help you overcome some of the fundamental problems involved in the repayment of multiple loans.<\/p>\n<h2>How Does Debt Consolidation Help?<\/h2>\n<ul>\n<li>It makes payment easy, by eliminating the worry of dealing with different payment due dates and amounts<\/li>\n<li>Debt consolidation brings with it the possibility of lower interest rates, which can translate to better savings<\/li>\n<li>Most importantly, debt consolidation can help improve your credit score. For example, if you take a <a href=\"https:\/\/www.lendvious.com\/loans\/personal-loans\" target=\"_blank\" rel=\"noopener noreferrer\">personal loan<\/a> to pay off your credit cards, your utilization ratio drops, causing your credit score to improve.<\/li>\n<\/ul>\n<h2>What You Need to Know about Debt Consolidation<\/h2>\n<p>While a debt consolidation loan is definitely beneficial, it\u2019s important to remember that this does not mean you\u2019re debt-free. This is, however, the first step you need to take towards becoming debt-free. Debt consolidation largely minimizes the repayment burden and makes it a streamlined and structured process, allowing you to take control of your finances once again!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Debt is much like Karma- It never goes unpaid! That\u2019s a universal fact, and that\u2019s why it\u2019s important that you have a proper repayment plan. This is especially true when you have multiple debts to deal with. Debt Consolidation can <a href=\"https:\/\/www.lendvious.com\/blog\/blog\/2018\/04\/16\/your-first-step-to-freedom-from-debt\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":1533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1550,30,32],"tags":[1773,1774],"class_list":["post-1531","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-debt-consolidation","category-personal-finance","category-reduce-debt","tag-debt-consolidation","tag-lower-interest-rates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Your First Step to Freedom from Debt - Lendvious<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lendvious.com\/blog\/blog\/2018\/04\/16\/your-first-step-to-freedom-from-debt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Your First Step to Freedom from Debt - Lendvious\" \/>\n<meta property=\"og:description\" content=\"Debt is much like Karma- It never goes unpaid! That\u2019s a universal fact, and that\u2019s why it\u2019s important that you have a proper repayment plan. This is especially true when you have multiple debts to deal with. Debt Consolidation can Read More\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lendvious.com\/blog\/blog\/2018\/04\/16\/your-first-step-to-freedom-from-debt\/\" \/>\n<meta property=\"og:site_name\" content=\"Lendvious\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Lendvious\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-16T17:30:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-22T05:09:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lendvious.com\/blog\/wp-content\/uploads\/2018\/04\/debt-2754176_640.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"426\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"sgoteti\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@lendvious\" \/>\n<meta name=\"twitter:site\" content=\"@lendvious\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"sgoteti\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.lendvious.com\/blog\/blog\/2018\/04\/16\/your-first-step-to-freedom-from-debt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.lendvious.com\/blog\/blog\/2018\/04\/16\/your-first-step-to-freedom-from-debt\/\"},\"author\":{\"name\":\"sgoteti\",\"@id\":\"https:\/\/www.lendvious.com\/blog\/#\/schema\/person\/600c1246a6247fb916805ab4b6227e46\"},\"headline\":\"Your First Step to Freedom from Debt\",\"datePublished\":\"2018-04-16T17:30:54+00:00\",\"dateModified\":\"2019-10-22T05:09:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.lendvious.com\/blog\/blog\/2018\/04\/16\/your-first-step-to-freedom-from-debt\/\"},\"wordCount\":443,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.lendvious.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.lendvious.com\/blog\/blog\/2018\/04\/16\/your-first-step-to-freedom-from-debt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.lendvious.com\/blog\/wp-content\/uploads\/2018\/04\/debt-2754176_640.jpg\",\"keywords\":[\"Debt consolidation\",\"Lower interest rates\"],\"articleSection\":[\"Debt Consolidation\",\"Personal Finance\",\"Reduce Debt\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.lendvious.com\/blog\/blog\/2018\/04\/16\/your-first-step-to-freedom-from-debt\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.lendvious.com\/blog\/blog\/2018\/04\/16\/your-first-step-to-freedom-from-debt\/\",\"url\":\"https:\/\/www.lendvious.com\/blog\/blog\/2018\/04\/16\/your-first-step-to-freedom-from-debt\/\",\"name\":\"Your First Step to Freedom from Debt - 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