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Questions About Consolidation |
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BBB Rating A+
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What is credit card debt consolidation?
A process where we utilize our relationships with creditors to provide you with one monthly payment, lower interest rates, and the elimination of late or over limit fees. This enables you to save thousands of dollars as well as years of payments and can improve your credit score with our timely monthly payments, accounting for 35% of your credit score. |
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Do I have to have good credit to qualify?
NO. If we can provide you benefits in savings and you have a positive debt to income ration we can help you be debt free. Our non-profit agency has relationships with thousands of creditors to bring your interest rates to a redcued fixed APR, the stopping of late and over limit fees, and usually a lower monthly payment. |
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How long will it take to pay off my debts?
This depends on your mix of creditors as well as your monthly payment. Most creditors have established guidelines with us to get people out of debt within 5 years. We do not charge a prepayment penalty. Any additional funds you send will be applied directly to your principle and will result in you saving even more money on the reduced interest charges. |
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Do you provide loans?
No we do not provide loans. It is not suggested to take on more debt to eliminate another. We provide a debt consolidation service which will allow you to satisfy your current debt obligation by consolidating and without incurring more debt. Our program pays back your debt with timely monthly payments at redcued rates. |
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Can debt consolidation help to improve my credit?
Yes! By reducing the amount of debt you owe, known as your debt-to-income ratio, can help to make you more appealing to the lenders. As well as if you are behind in your debts re-aging of your accounts will show you as current once again. 35% of your credit score is determined by timely consecutive payments. Another 30% is determined by how much debt you owe. Doing the math, thats 65% of your credit score than can be affected positively with our program! Nice huh? |
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What type of debts can you include in consolidation?
Almost any unsecured debt can be included. Credit cards, personal loans, medical bills, IRS, old utilities and collections, as well as other unsecured debts. Student loans cannot be consolidated but we can direct you to a non-affiliated company that may be able to further assist. |
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Can you consolidate things like a home mortgage or a car loan?
No, only unsecured debt can be consolidated. Unsecured debt is not backed or underwritten by an asset like a home or car. While many types of debts benefit from consolidation, consolidating credit cards show the most benefits. |
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Do I have to include all my debts in consolidation?
No. With our company you have the ability to tailor the consolidation that fits your needs best. Unlike others we do not mandate which debts you include. |
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Will my creditors continue to call once I start my debt consolidation program?
No. Once we process your consolidation they will stop calling you and deal with us directly. The only contact you should have is monthly statements from them showing your balances dropping as we accelerate you out of debt. |
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What happens after I fill out the FREE Application ? |
