Q. How can Debt Consolidation help?
If you're Drowning in credit card debt * Living paycheck to paycheck * Falling behind in your payments * Borrowing from one card to pay another * Being harassed by your creditors!
Q. What is Debt Consolidation?
A restructuring of current debt, under which new terms are negotiated, whereby in most cases payments are lowered and interest rates are reduced or possibly eliminated.
Q. Are there different types of Debt Consolidation?
Yes. There are two basic types:
Debt Consolidation Loans
Plan or Debt Restructuring Program
Q. What is a Debt Consolidation Loan?
A Debt Consolidation Loan is used to combine all your existing consumer debt or
credit card debt into a single loan and one monthly payment. The advantage of
this type of debt loan is that you can consolidate your high interest credit
cards, auto loan and/or student loan debt, into one single lower monthly
payment. It allows you pay off bills and stop creditors from calling. It also
allows you to obtain extra cash for personal needs.
This type of consolidation is done by way of a
Home Equity or
therefore, a home is required as collateral.
Q. What is a Debt Management Plan?
A Debt Management Plan is not a LOAN
. With a Debt Settlement Program we
negotiate on your behalf to actually reduce the amount you pay to your
creditors. You send us one payment each month. We then share out this payment
between your creditors and pay them a pre- negotiated amount. Your creditors are
satisfied that you are trying to straighten out your debts and that they are
receiving a regular amount every month.
The benefit to you is that you now make
only one payment each month at an amount that you can afford, and you are no
longer being bothered by your creditors. If you are interested in this type of
financial plan, complete our easy online application. Click Here for your Free
debt assessment.Q. Debt Consolidation Loans or Debt Management?
We offer both programs depending on your current debt situation and personal
preference. Click Here for Debt Consolidation Loans
Here for Debt Management
Program.Q. Is there an obligation to accept your Free Quote?
This is a free service we provide to our applicants. Your inquiry does not
commit you in anyway.Q. Is bankruptcy an option?
Unfortunately in some credit situations bankruptcy is sometimes the only option
available. But bankruptcy was designed to be an option of last resort. While the
objective of bankruptcy is to absolve oneself of debts altogether, it has
lingering negative consequences in many areas of every day life; applying for
life insurance, purchasing a business, buying a home, applying for a job, etc.
can all be negatively affected by a prior bankruptcy.
A bankruptcy claim also
remains on your credit report for 7 to 10 years. With a debt management plan or
debt consolidation program, you commit to repaying your debt obligations. Thus,
one can repair bad credit, maintain a good credit rating and return to a debt
free lifestyle quickly and without the frustrating negative consequences of
bankruptcy.Q. What is the benefit of Consolidating my Bills?
Your debt is consolidated, payments are lowered, and interest payments are
either reduced or eliminated. Q. Types of Debts Eligible?
Both our Debt Consolidation Loan program and our Debt Management Plan are
eligible for the following types of debts:
-High interest rate Credit Cards
-Department Store Cards
-Health club memberships
-Bills from a previous residence (old utility bills/cable bill)
Q. Why will my creditors settle for less than the full amount due?
Last year alone 1.4 million bankruptcy claims were filed. When a debt financial
plan replaces a claim for bankruptcy both you and your creditors reap a positive
outcome.Q. What Advantages will I gain if I apply?
-Re-establish your credit
-You can apply regardless of poor or bad credit
-No need to own a home
-Consolidate bills into one affordable monthly payment
-Avoid late charges
-Stop harassing phone calls from creditors
-Free debt counseling
-Save thousands of dollars in high interest rates
-Lower your monthly payments up to 50%
Q. Can I apply to both programs?Yes.
You can apply for your no obligation quote and see which plan suits your
needs best.Q. How Do I Get Started?
Simply fill our easy online application with the requested information. Click
Q. How Long Will it Take?
You will normally receive you free quote within 24-48 hours.
Q. How do I apply?
Debt Consolidation Loan