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. A servicing agency negotiates with your creditors to obtain the lowest monthly payment needed to satisfy your current accounts, along with reducing 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. This program may also reduce interest rates, stop late charges, and stop creditors from harassment. By significantly reducing the interest, you may drastically cut down your pay off time from 15-20 years to 5-6 years. This could 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 is often recommended as a last resort in solving your financial problems. It will have a negative affect on a 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. The debt consolidation service is a real alternative to bankruptcy.

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, certain types of student loans, medical bills, old utility bills, and unsecured 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 the Debt Consolidation Program?

A. Participants include major credit card companies, department stores, medical clinics and hospitals, and student loan bureas to name a few.

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

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