What is Debt Consolidation? |
Debt consolidation is a process where an agreement is reached with your creditors to achieve the lowest and most affordable monthly obligation needed to satisfy all your credit accounts. This is not a loan, and will dramatically reduce your overall interest rate, monthly payments, and your payoff time |
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Is bankruptcy an option? |
Bankruptcy should always be a last resort as it
could have a long-term negative effect. There is also
a monetary cost associated. You could be required to go to court and possibly face some of your creditors. Bankruptcy will remain on your credit history for
up to 10 years and can impact your ability to get credit, or possibly employment. Additionally, a bankruptcy history can impact the cost insurance and your lifestyle. |
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Will I still receive harassing phone calls? |
Most of your collection calls will begin to dissipate if you apply the techniques
we will provide to you. However nobody can
guarantee that you will not receive any
harassing creditor calls. |
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What is an unsecured debt? |
Any debt with which a creditor holds no collateral or property that they can take back if the debtor fails to pay such as * Credit Cards * Medical Bills * Personal Loans * Department Store Cards * Legal Bills * Unsecured Personal Loans * Cellular Telephone Bills * Magazine/Record Clubs * Health Club Memberships * Collection Agencies * IRS * Some Judgments * Student Loans |
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What is a secured debt? |
A secured debt is regarded as a loan where the creditor holds a security interest in an item or personal property such as a house or automobile. Most secured loans such as mortgage payments and auto loans cannot be consolidated, as well as, any loan cosigned by another person |
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