December 27, 2018
 
Thankfully for those financial services firms who help people reduce their debt, Newport Beach Consulting does a great job of screening qualified candidates for these services, thus making the companies who specialize in these financial services areas more successful and profitable. That’s because the fine professionals at Newport Beach Consulting know exactly what potential clients need to know to make a decision on which debt consolidation company each one should consider, to provide them with the greatest benefit.

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. Given that the average credit card interest rate is 15 percent, and the average home gains as much as $15,000 a year in equity annually, it quite often makes a lot of sense for a homeowner to take some of the equity they have and pay down some of their high-interest debts.