Q. What is Debt Consolidation?

A. Debt consolidation is a process of restructuring your existing debt with your creditors. Debt consolidation is NOT a loan, and does not require you to take out a second mortgage on your house. We negotiate with your creditors to obtain the lowest monthly payment needed to satisfy your current accounts, along with reducing or eliminating high interest rates.

Q. What can I expect from your Debt Consolidation Program?

A. You can expect your monthly payments on unsecured debt to be reduced by up to 60%. Our program will also reduce or eliminate interest rates, stop late charges, and stop creditors from harassment. By significantly reducing the interest, you will drastically cut down your pay off time from 15-20 years to 5-6 years. This will result in saving you thousands of hard earned dollars.

Q. Why would my creditors agree to lower my monthly payments?

A. Creditors have so much outstanding debt and so many people defaulting on their payments, they realize they stand to lose an enormous amount of money. Creditors know that if they don't compromise, you might file bankruptcy and they will probably collect nothing.

Q. Why shouldn't I just file Bankruptcy?

A. Filling bankruptcy should be your last resort in solving your financial problems. It will have a negative affect on your credit report for up to 10 years. You'll also have to deal with attorneys and pay court and filing fees. Most lending institutions won't even consider a credit application involving a bankruptcy. Our debt consolidation service is the only real alternative to bankruptcy.

Q. Will consolidation affect my credit rating?

A. Creditors view debt consolidation as a positive statement because you are making on time payments and a concerted effort to resolve your debt. We do not report to any credit bureaus.

Q. What is an Unsecured Debt?

A. An unsecured debt is any loan or debt that has no tangible assets or property attached to it. The most common types of unsecured debt are: credit cards, department store cards, student loans, medical bills, old utility bills, and personal loans. All types of unsecured debt can be consolidated on our program.

Q. What is Secured Debt?

A. Secured debt is a loan or debt not secured by personal or real property. The most common types are mortgages and car loans. Secured debts usually cannot be consolidated successfully.

Q. Which creditors participate in your Debt Consolidation Program?

A. Participants include All major credit card companies (Visa, Mastercard, Discover), department stores, medical clinics and hospitals, and student loan bureas to name a few.

Q. How do I know if I qualify for your program?

A. Anyone with at least $5,000 of unsecured debt automatically qualifies. If you are seeking to rid your life of this financial burden, then click here for a free quotation.