DEBT CONSOLIDATION FAQs
What is Debt Consolidation?
A debt consolidation program is a process that allows a professional agency to reach an agreement with your creditors to achieve the lowest and most affordable monthly payment option needed to satisfy all your credit accounts
Are my creditors going to continue to call me?
When you signup with a debt consolidation program, the firm notifies your creditors and demand they stop contacting you. It usually takes about 30-60 days for them to stop contacting you. In the meantime, you will keep a creditor log of every phone call or letter that you receive from a creditor and report it to your debt consolidation agency.
What type of debt can I consolidate through your program?
We are able to consolidate any unsecured debt. Unsecured debts are accounts with no tangible property attached. Examples of unsecured debt include credit cards, store cards, judgments, personal loans, medical bills, repossessions, business debt, and charged-off accounts. We can not consolidate secured debt, such as mortgages, secured loans, tax liens, or car loans.
What exactly is debt consolidation?
Our debt consolidation plan is a solution allowing you to consolidate your current debt obligations without having to take out a loan or file for bankruptcy. We contact your creditors to design a repayment plan that reduces your current monthly payments and interest rates that accrue monthly. You end up with one low monthly payment and a shorter payoff term.
How much can your debt consolidation program save me?
In some cases, the interest payments can be eliminated. The monthly payments on all of your bills and debt can be reduced by an average of 60%. The savings can amount to tens of thousands of dollars.
Will the debt consolidation program affect my credit record?
The majority of creditors will re-age accounts under our program. They are then considered current, an advantage for individuals who are behind. While some creditors will make a notation on your credit report such as "credit counseling participant", most recognize this as a responsible way of dealing with excessive debt.
Can I choose which debts I want to enroll in your program?
Yes, you may choose to put all your unsecured debt in our program, or you may prefer to leave off one or two (e.g. credit cards) for personal or business use.
Clear Your Debt, Free Your Mind!
