We are a 
Consumer
Service!
What is Debt Consolidation?
What
can I expect from your Debt Consolidation Program?
Why
would my creditors agree to lower my monthly payments?
Why shouldn't I just file
Bankruptcy?
Will consolidation
affect my credit rating?
What is an Unsecured Debt?
What is Secured Debt?
Which creditors participate in your Debt Consolidation Program?
What is Debt
Consolidation?
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.
What can
I expect from your Debt Consolidation Program?
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.
Why
would my creditors agree to lower my monthly payments?
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.
Why
shouldn't I just file Bankruptcy?
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.
Will consolidation
affect my credit rating?
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.
What is an
Unsecured Debt?
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.
What is Secured Debt?
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.
Which creditors participate in your Debt Consolidation Program?
Participants include All major credit card
companies (Visa, Mastercard, Discover), department stores, medical clinics
and hospitals, and student loan bureas to name a few.
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