Debt Info Site

United First Financial, a company we’ve profiled a few times previously in this blog, offers the Money Merge Account to help homeowners pay off their mortgages earlier than the typical 30 years that most take. The Money Merge Account is a very smart way to reduce the amount of interest homeowners pay on their homes, however, I’ve come to realize there are more benefits to it than just saving mortgage interest.

Utilizing the money merge account can also help homeowners consolidate other debt, such as credit cards. As I mentioned in my previous post, credit card interest rates can skyrocket, forcing you to pay much more for items than you would if you paid with cash. And, by only paying the minimum payment on credit cards, it can take up to 18 years to pay off those debts! (Almost as long as a mortgage, but without any equity!)

Utilizing other resources to consolidate your debt can help with what may seem to be an insurmountable task - paying off your debt. Living debt free is rewarding, and it can help you feel free from the traps of creditors.