What Is Debt Consolidation?

Q: What is Debt Consolidation?
A: 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: Is Debt Consolidation a Loan?
A: NO - It is a Debt Repayment Program.

Q: How will this plan affect my credit rating?
A: We do NOT report to any credit agencies. Only your creditors can report your actions to the credit bureaus. By making payments promptly most people may actually improve their credit rating.

Q: What kind of debt can I consolidate?
A: All unsecured debt can be included in our plan. This includes major credit cards, department store cards, gas cards, medical & hospital bills, student loans, and unsecured loans. Secured loans such as house payments and car loans CANNOT be consolidated since they have equity behind them.

Q: Can I send more money if my situation changes?
A:Absolutely, you can always send in additional funds with your monthly payment and there is never a penalty for early repayment. This also enables you to get out of debt faster.

Q: How do I qualify?
A:You must have the desire to get your finances under control.
You do NOT have to be a home-owner.
You do NOT have to be delinquent in your payments.