DEBT CONSOLIDATION

If you are having issues paying your unsecured debts and you do not qualify for one of our personal loans, you may want to consider enrolling in a debt consolidation program.

What is Debt Consolidation?
Debt consolidation is a process for eliminating debt during which a Consumer Credit Counseling Company negotiates your unsecured debts with your creditors. The end goal is to achieve the lowest monthly obligation required by you to pay all of your unsecured debts. Once that reduced amount is determined, all of your bills are combined into one payment. You will pay the Credit Counselor handling your debt and they will in turn pay your creditors.

Why Should I Utilize a Debt Consolidation Company?
Encompassing too much debt has a negative impact on your credit report and score and also reduces your potential for getting approved for any type of loan or credit. And in the event that you do get approved for credit while having high debt, your interest rates are probably going to be through the roof! Therefore, if you have a lot of debt, you want to do what you can to get rid of that debt as quickly as possible...and debt consolidation is an excellent option, especially for people with bad credit! Once your debt starts to reduce, your credit score will increase!

How Much Money Can I Save With Debt Consolidation?
You should be able to reduce your overall debt by as much as 50%. If you are considering debt consolidation, we encourage you to get a free, no obligation debt consolidation quote from one of our participating credit counselors. Most probable, our sources will be able to assist you in gaining full control over your finances...while saving you a significant amount of money during the process! In addition, you will be schooled on how to manage debt and finances so that you can avoid falling into debt into the future.

What Debts Are Accepted For Debt Consolidation?
All unsecured debt types are eligible for debt consolidation programs. That includes credit cards, taxes, utility bills, student loans, cell phone bills, etc.. Please contact us you have a debt that you need to find out if it is acceptable for debt consolidation. Any type of secured debt (home mortgages, car loans) are not able to be part of the debt consolidation process.

Make Sure You Determine What All Your Debts Are!
If you are looking to get rid of your debt via a debt consolidation program, you must get a copy of your credit scores. On your credit scores, you will be able to to view an entire breakdown of all your debts, your creditors, how much you owe and your payment history. Get a free copy of your credit scores!

Are There Options For Debt Relief Other Than Debt Consolidation?
If you have extreme debt and poor credit you may want to consider speaking with a bankruptcy attorney about filing bankruptcy.

Downside of Debt Consolidation
Questions to Ask a Debt Consolidation Company

Three Worst Debt Consolidation Moves
Best Debt Consolidation Companies Ranking Chart
 

 



 

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