The Truth About Scam Charges On Ascend Finance: Navigating Online Debt Consolidation Services

If you wish to consolidate your debt, you can speed up the process by either enrolling in a non-profit debt consolidation program, which is better known as a debt management program, or through an online debt consolidation loan plan.

A debt consolidation loan plan helps you in borrowing good money from a bank, online lender, or credit union that can be used for paying off the credit card debt. You can then repay the loan in one monthly payment at a much lower interest rate as compared to charges levied by credit card companies.

Since there are many online debt consolidation loan companies, you need to be careful and conduct a thorough research to validate their claims. It is an important step before making any financial decision. You can read news and reviews websites like the Fox Chronicle to learn if there is any information (positive or negative) about the company that you are interested in.

Even a trusted lender firm like the Ascend Finance is facing charges of making false claims on their marketing content. You can visit TryAscend.com to know about their offers. Mac Venucci has written an interesting post on Fox Chronicle, where he has elaborately explained about the charges and has uncovered the truth.

Picking the right online debt consolidation company

Online debt consolidation agencies are quite convenient as you can complete the application process without visiting the bank or credit union. You need to have a good credit score for borrowing money at a reduced rate of interest.

Check how can you pick a reputable online debt consolidation agency to make use of their online tools for personalized debt relief options.

Value for money

It is difficult to get out of your debt if you keep paying higher interest and fees. Therefore, look for an agency that can reduce your interest rate, monthly payment, and debt repayment time to 3-5 years. Research and compare their rates, offers, terms, and fees available online. Although there are better options for borrowers with high credit scores and good income, there are many lenders with plans for those with a low credit score.

Track record

It is important to beware of online fraudsters and scam agencies while borrowing money. Hence, verify the track record of the company you are considering.

• Verify how long they have been in business.
• Check the online reviews from clients.
• Check if their credit advisors are accredited.

Transparency

The website of a debt consolidation loan company should address any questions you may have regarding the services it offers, its dedication to providing excellent customer service, and its track record of reliability. Their website should be user-friendly with easy access to basic information like:

• Finding information about eligibility for the loan.
• The plans and options are available.
• Their charges.
• Location of the agency.
• Their hours of operation.
• Contacting customer care.

Check the reviews

Check their reviews on trusted websites like Fox Chronicle, which serves as a source for global news and testimonials. Moreover, their employees should be accredited by the US organization before they start working as credit counselors.

No fees in advance

A debt consolidation loan company asking for an upfront fee is a huge red warning flag. Stay away from such agencies as even the Federal Trade Commission prohibits all debt-relief agencies to collect fees in advance.

An online debt consolidation loan is a quick and efficient debt-relief option as it offers benefits like affordable monthly payments on reduced interest rates and saves money.