Top 5 Reasons Why Bank of America is The Best Bank

If you want, an instant fix then debt consolidation is NOT for you. Debt consolidation is more of a temporary solution that gives you relief from multiple loans and multiple interest rates. However, you need to be extremely careful as to which company you choose. Some of the companies are well reputed and only give out verified unsecured loans at low interest rates that do not harm your credit score. Other companies require a long-term dedication and may eat their way into your credit score and make it impossible for you to get loans from banks. What are the common risks associated of debt consolidation loans? Many companies have declared bankruptcy since the late 90s. It is not an uncommon term we hear in the business world but we rightfully dread it too. Bankruptcy makes you unable to apply or qualify for any kinds of business loan. No other companies are likely to do business with you if you are associated with the term closely. Basically, very few people came back from that side of the line. The only other viable option in terms of dire financial crisis is debt consolidation. Debt consolidation too comes with its own risks. In case of some, you are required to put forth collateral. While sometimes it is a home mortgage, during other times it is a home equity. However, you can find a couple of reliable debt consolidation companies meant for small and large businesses that dish out viable offers without any security. These lines on unsecured loans come with reasonable rates of interest if you have a decent credit history. Is debt consolidation a solution to bad debt? Debt consolidation can only help you out of a sticky financial situation if you are ready to help yourself. Debts may arise due to bad financial decisions and debt consolidation loans can only help you until a point. If you keep making the same financial blunders, you will again find yourself in a quagmire of debts, high interest instalments and unpaid creditors. As a matter of fact, Cambridge Credit Corp states that, 70% of all Americans who opt for debt consolidation loans are likely to end up with at least the same debt or more within a period of two years. How to choose the right company for your business? The best way to choose a debt consolidation company is going by customer and client reviews. We have compiled a list of 10 different top debt consolidation companies that have emerged on top of all debt consolidation lists repeatedly. Check out for a quick but temporary solution to your money woes – Freedom Debt Relief – Freedom Debt Relief is debt counseling cum consolidating company that was founded back in 2002. It is a brainchild of Stanford Business School Graduate that has over 800 employees right now. Over 80,000 customers have lauded them for their counselling and loan services. They mainly cater to the business community in Phoenix and San Mateo. Lexington Law Firm – this is one of the veterans of debt consolidation that has been in existence for over 25 years. It has been helping out people and businesses with bad credit for years. They cater to a wide range of clients in all 50 states and provide debt counselling for clients in select states as well. National Debt Relief – you can find this name at the apex of multiple debt consolidation company lists. They have a wonderful debt reduction, consolidation and counselling history. They are also known to hold seminars and webinars for educating their clients about debt and finances. This is without doubt, one of the largest debt settlement companies in the US. GreenPath – this is one of the very few non-profit companies that have been thriving since 1961. GreenPath is a name most clients associate with reliance and honesty. They have helped multiple well-known businesses and clients back on their feet with timely payments and low interest rates. They have helped out people with bad credit scores. GreenPath also offers free debt counselling to select clientele. Family Credit Management - Family Credit Management is another non-profit counselling agency that has been doing its best since 1999. For over 17 years, this company has been helping entrepreneurs and family men out of debts. Their services are not bound by state borders. You can hear about their stellar debt consolidation services from over 100,000 people from all across the country. Elite Financial Services – this is more of a debt settlement service than a consolidation service. Nonetheless, the clients speak highly of the services provided by Elite Financial Services over the last few years. You can expect professional debt counseling and case studies from this company. CountryWide Debt Relief – this company can boast of over 30 years of dedicated service. CountryWide Debt Relief has helped thousands of customers out of terrible debt over the last three decades. They offer debt consolidation and debt relief services to all customers irrespective of their credit scores. They have over 300 verified reviews that laud their services. Besides money and interest rates there are a few more things you need to consider before signing on that dotted line. A good company will help its customers get out of debt as well as stay out of it for years to come. You will find most good company names associated with debt counselling as well as debt consolidation. A good debt consolidation service is not bound by political borders, many companies cater to clients all across the country during their times of need. Never forget to check the reviews of previous clients and testimonials before approaching a debt consolidation company. Top 5 Reasons Why Bank of America is The Best Bank Clapway

There are a wealth of banks you can trust your money with, and after the financial crisis of 2007-2008, trust is tough to muster. Bank of America, however, has made big gains in the trust department when investing money is concerned. In fact, they may be the best bank stock on the market right now. This has drawn the attention of big investors, and this could keep your investment safe with Bank of America as well.

Bank of America Wins Over Wells Fargo Fans

Bank of America was founded in 1998, and has gathered quite a following since. They have 47 million consumer and small business relationships with new interests blooming from big bank investors. They have even overtaken Wells Fargo as the big bank investor’s premier choice. This has been fueled by their growth potential since their book value has not yet matched their equity.

They Remain Stable in the Market

Last week Bank of America did quite well at the close of the NYSE. They rose to nearly four percent while teetering on $18 per share. This comes after hints of Federal Reserve interest rates to be raised among a five percent decline in unemployment. This could mark the Great Recession recovery with B of A leading the charge.

Plenty of Branches to Choose From

Bank of America has one of the largest branch banking networks among all perspective banks. They boast more than 5,000 branches, and this could mean big gains since credit quality is on the rise with new mortgages once again making sense. The large network of branches also compliments their extensive online services offered on their online banking platform.

Two is Better than One

During the financial crisis of 2007-2008, Bank of America absorbed Merrill Lynch. This only made them stronger in the long run. Wells Fargo was the favorite post-recession, however, Bank of America with its investment potential has taken the top slot as investors flock toward their projected growth.

Flexing Market Muscles

The stronger banks during the Great Recession were the safe bet. However, now that the market has turned around, the once weaker banks are now an investor’s dream, because there is more room for growth. Bank of America is projected to hit $20 per share by the close of 2016, leaving it 10 percent more powerful than before.