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 What
is debt consolidation?
Debt consolidation is a process of restructuring your
existing high interest credit card debt and other bills
with your creditors. We negotiate with all of your creditors
to obtain the lowest monthly obligation needed to satisfy
all of your current accounts. Debt consolidation is
not a loan, but a process to lower your current monthly
payments and interest rates.
What
are the benefits of debt consolidation?
You will be making one convenient monthly payment to
us and in turn we disburse all funds to your creditors.
In most cases, this new payment will be lower (perhaps
by as much as 60%) than the sum of your current individual
account obligations, and more of your money will be
going on the principal.
What
kinds of debt can be consolidated?
Any kind of unsecured debt can be consolidated, including:
credit card debt, medical bills, personal loans, store
credit, student loans, utility bills, legal bills, and
judgments.
What
will this do to my credit?
Ccs debt consolidation does not inquire or report
to the credit bureaus. Lender policies usually remain
unchanged. Creditor participation in our program is
a strong indicator that such a program will not harm
your credit.
What
is secured debt?
Secured debt is security or collateral. If you are
not able, or unwilling, to pay, it can be repossessed.
Examples of secured debt include mortgages and automobile
loans. You will not be able to consolidate these without
a loan.
See our page on the dangers of debt consolidation loans,
credit card loans and second mortgages - click here
Are
you a collection agency?
No, we work for for our clients. Once you've filled
out our application and decide to become a client, we
will contact your creditors to negotiate better rates
on your behalf.
Do
you provide loans?
No, we do not provide loans. A bad credit consolidation
loan will only get you further into debt. If you are
over extended now, the last thing you need is more credit.
We work with your creditors to reduce monthly payments,
eliminate interest, late fees and penalties, all without
a consolidation loan.
How
long does it take to get out of debt?
If you just continue to pay the minimum requested
payments on your credit cards, it could take upwards
of 20 years to pay off your high interest debt. With
our program, most debt is paid off in approximately
4 years or less, even if your currently behind in your
payments. Go to our debt calculator to see how long
it will take you!
What
do I need to do to qualify for your program?
All you need is at least $3,000 in unsecured debt
to qualify for consolidation. If you desire to become
debt-free, then click here to fill out our no-obligation
consultation form and a counselor will contact you shortly.
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