companies currently help over 1 million people to consolidate their
unsecured loans, bills, and credit card debts into one easy payment,
while saving thousands of dollars in unnecessary interest &
credit fees. Join now and enjoy the financial benefits of credit
What Is Debt Consolidation?
Debt consolidation is a process by which
companies will negotiate with all of your creditors to obtain the
lowest monthly obligation needed to satisfy all of your current
accounts. So you pay one "lump" sum monthly which is in
turn portioned out to your creditors. This monthly payment will in
almost all cases be lower (perhaps by as much as 50%) than the sum
of your individual account obligations.
The reasons why our negotiated monthly payment is
lower than the sum of your individual accounts is as follows:
Most companies are a non-profit corporation committed to assisting
consumers who have had the unfortunate experience of becoming over
extended with consumer debt. In addition to our debt consolidation
program in which you can become a member of, they also provide you
educational information. Their credit counseling site is designed to
assist you in taking charge of your debt.
How Does Debt Consolidation Work?
Debt Consolidation Programs can benefit consumers
with an average unsecured debt of $5,000 or more. Unsecured debts
include credit card debt, medical bills, service charges, personal
loans, signature loans, store credit or charge accounts, gas charge
accounts and certain installment loans. They reduce overall monthly
debt, save on interest fees, help you to establish a monthly
household budget, improve your credit rating by paying creditors in
a timely fashion and end collection calls to your house.
Your "fixed monthly consolidated
payment" is calculated according to the lowest payment amount
accepted by your creditors. The agency you have hired will
distribute the amount of your "fixed monthly consolidated
payment" to each creditor. Most creditors will only reduce or
stop your interest fees if their minimum payment is met, but if so,
the interest rate reduction with these programs can range from no
change to the freezing of interest depending on the creditors
policy. This can save you thousands because rates that are usually
12%-24% can get reduced to 10%, 8%, 6% or 0%.
Usually upon entering a debt management
consolidation program you would have to close your debt accounts (as
well as others). This is a benefit because it will help curb your
current spending and it's probably what method caused your debt
originally. Sometimes you'll find that you can still own one or two
debt consolidation programs
Debt Consolidation Quote
Fill out their free request forms and one of
their debt consolidation representitives will contact you to work
out a new reduced payment plan for all your loans and other debts.
This free debt consolidation consultation could save you 50% or more
in monthly debt payments. Consolidate Your Debt Today.
Debt Consolidation Benefits
Eliminates late charges and other fees
Helps avoid bankruptcy Eliminates or reduces high interest rates
Lower debt payments Consolidates debt into a single monthly payment
Helps improve credit ratings Eliminates creditor harassment
Debt Consolidation Tips
If possible, always pay off your every month
Set aside money every month for yourself
Avoid from acquiring numerous credit cards
Do not carry a lot of cash. If you have it you burn it
When seeking debt consolidation there are some choices that you can
make such as joining a debt management program or seeking consumer
credit card counseling. Someone can help you get back on track and
help you manage your debt.
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