Q: What exactly is debt consolidation?
A: Debt consolidation is the process by which we negotiate with your creditors to obtain better repayment terms for you on existing debt. Under our debt consolidation plan, monthly payments are often lowered and interest charges are reduced - even to levels between 0 and 6%! You save thousands of dollars in interest rates through a reduced payoff period, saving you years or even decades of payments.
Q: Do I have to pay a fee to use your service?
A: Our credit counseling agency does require a nominal contribution on your part to enroll in the debt consolidation program. This nominal fee covers operation costs and will be included in your monthly payment. This will be disclosed to you with the free quote.
Q: Will debt consolidation hurt my credit?
A: Our company does not report to the credit bureaus. Credit counseling will not reduce your FICO score. However, some of the creditors participating in this program may. This usually will show up as accounts being paid through a credit counseling agency. This is not necessarily a negative mark. It in fact shows that you are trying to pay on your debt obligations and creditors recognize your efforts. Regular payments on our program will actually improve your credit rating over time.
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