| FAQ's
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. It also helps you avoid a bad credit
rating!
Do I have to have
good credit to qualify?
As long as
we have relationships with your creditors and you are able to make a
monthly payment towards your debts we can qualify you for our
consolidation. Good credit or bad credit we can help.
How long will it
take to pay off my debts?
This depends
on your mix of creditors as well as your monthly payment. 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.
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.
What type of
debts can you include in consolidation?
Almost any
unsecured debt can be included. Credit cards, personal loans, medical
bills, student loans, IRS, old utilities and collections, as well as other
unsecured debts.
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.
Is debt consolidation similiar to bankruptcy?
Absolutely Not!!! Debt consolidation is for people who want to pay what they owe and have the ability to obtain more credit in the future. Bankruptcy is designed to absolve you of all your obligations and results in long term negative effects on your credit status.
Will my creditors
continue to call once I start my debt consolidation?
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.
What happens
after I fill out the on-line quote?
- Your application
will be forwarded to our processing dept which will determine if
a debt consolidation would benefit your situation.
- A personal
consolidator assigned to manage your file will contact you within 48
hours and explain the cost and time length as well as the steps
required to process your consolidation.
- Each month you
will send one payment to us we will then disburse your funds utilizing
the reduced interest rate and terms.
For
Free Quote click here
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