These days, the average credit card interest rate is 15 percent, and the average home gains as much as $15,000 a year in equity annually. Those two seemingly unrelated statistics suggests that it quite often makes sense for a homeowner to use some of the equity they have gained in their home to pay down some of their unsecured, high-interest debts. Thankfully for the financial services firms who help people reduce their debt, Newport Beach Consulting does a great job of screening qualified candidates for these services. This is useful because it makes the companies who specialize in these financial services areas more successful and profitable.
Right now, mortgage interest rates around around 4 percent, which will represent a significant saving on most other types of debt. It’s not really so hard to imagine the savings when you drop a 15 percent credit card debt to 4 percent. The fine professionals at Newport Beach Consulting know what potential clients need to know to make a decision on which debt consolidation company they should consider, in order to provide them with the greatest benefit.