Q: What kind of debt can you consolidate?
A: Any unsecured debts such as credit cards, lines of credit, department store cards, personal loans judgments and liens, student loans, medical bills, business loans, collection accounts, and past due utilities qualify for consolidation in our program. To qualify for a program, your debt must total more than $5,000. Secured debts such as home mortgages and auto loans typically cannot be successfully consolidated.

Q: What exactly is debt consolidation?
A: Debt consolidation is the process by which the company negotiates with your creditors to obtain better repayment terms for you on existing debt. Under a debt consolidation plan, monthly payments are lowered and interest charges are reduced - often to levels as low as 6%! You save thousands of dollars in interest rates, and therefore a reduced payoff period.

Q: Do I have to pay a fee to use your service?
A: A non-profit credit counseling agency does require a 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: Why are creditors willing to work with your company?
A: Creditors are willing to cooperate with a debt consolidation service in order to avoid losing all payments in case a client decides to file bankruptcy.  Creditors are willing to grant concessions to our clients in the form of lower monthly payments and reduced interest charges, with the understanding that they will at least receive the principle back under the debt consolidation plan.

Q: Will debt consolidation hurt my credit?
A: The company does not report to the credit bureaus. 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.

Q: Do I pay the monthly consolidation payment to your company or the creditor?
A: Once you enroll in a debt consolidation program, you no longer have to deal with the creditors. You will send one payment to the credit counseling company and they in turn disburse it to your creditors on your behalf.

Q: How will I know when payments are made on your program?
A: Each month you will still receive a statement through the mail from the company indicating when a payment has been made and how much.