Debt consolidation means consolidating all unsecured debt into one simple payment. You can consolidate your debt through loans, home’s equity, or a debt repayment plan set up by a credit counselor. Debt consolidation through a debt repayment plan is probably the most difficult of the three to understand.
What is Debt Consolidation?
In the case of a debt repayment plan, you would need to contact a credit counseling agency and find out if you qualify for an interest rate reduction through your current lenders. If you do, you’d be expected to close all of your accounts and set it up so that you’re only paying one set payment through a credit counseling agency every month. The credit counseling agency will take your payments and forward them to your creditors on your behalf at a newer, lower interest rate.
This is something you’ll only want, and maybe be able to do, if your interest rates are under 10%. Otherwise, it may not be a benefit to you. If your interest rates are over 20% then you may be eligible for a significant reduction in your interest rates, which is good. Another great benefit of debt management plans like this is that you can make one set payment through the program, which allows you to prepare financially for your future.
Welcome to Debt Consolidation
We lead the industry in helping people get out of debt the smart way through Debt relief. Get Debt Relief.
Find out How Debt Settlement and Debt Relief Works
What are the Benefits to reaching an agreement your creditors can settle on? Who is Debt Consolidation? Can they help me get Debt Relief? Should I get debt relief?
Debt Settlement will help you get rid of your debts so you can re-take control of your life. Get Debt Relief – through Debt Consolidation and Debt Management
Times are tough, and many Americans are facing unparalleled problems with debt – they know they need debt relief, but aren’t sure how to get debt relief. If you are living a life filled with collection phone calls, threatening letters in the mailbox and sleepless nights, you need to know about National Relief and how we help with debt relief. Whether you are delinquent or struggling to make minimum payments, you may be able to get rid of your mounting debt and begin to see light at the end of the tunnel – Debt relief is here!
Debt Consolidation is a debt relief company, providing debt relief services, whose dedicated team of professionals has but one goal, and that’s to help you turn your life around and get debt relief. It doesn’t matter how much unsecured debt you have, we are one of the best debt relief companies, we are there to help remove the worry, the stress, and get you debt relief so you are on the path to financial recovery.
Why is debt settlement a better choice for you than debt relief?
Using a debt settlement service is a choice, and a choice that can change your life. Debt settlement, rather than Debt Relief, can prove to be one of the best choices you make. Debt settlement is a life-saving decision. Choose debt settlement now and settle your debts
When you use Debt Consolidation for debt settlement services, here is what you can expect:
- We have debt settlement professionals who will work with your creditors to get your balances as low as possible.
- Rather than continuing to pay huge and numerous bills each month, you will start making one low monthly payment.
- We will get it to an amount you can cope with, and each payment will be put into an FDIC insured trust account, where it will work to satisfy your debts.
Within 24 to 48 months of starting a debt settlement plan, you can expect to settle your debts, and through a payment plan you can live with.
If you have tons of debt, and your only alternative is bankruptcy, think again! Consolidation is another alternative, in addition to debt relief. Consolidation is getting a loan, to pay off all other debts you owe. As a result, you have one low monthly payment and you get debt relief.
Some tips to consider before doing Debt Consolidation/Debt Relief
-Join an credit counseling and financial management program by an accredited Debt Relief/Debt Consolidation firm
-Consider your options by choosing the right type of Debt Relief/Debt Consolidation
-Get help from a Debt Relief/credit counseling agency
What is Debt consolidation/Debt Relief and how can Debt consolidation help you?
Secured Debt Consolidation Loans, a form of debt relief, allow you to use property, such as a home, or other forms of real estate properties, as collateral – which is what makes Secured Debt Consolidation Loans a great tool.
What is an unsecured Debt Consolidation Loan?
Unsecured Debt Consolidation Loans, another form of debt relief, are useful when you don’t have properties to use as collateral.
Why Consider Debt Settlement Over Bankruptcy
Many people think that bankruptcy is their only debt relief option when debts seem insurmountable, but that is a very old notion. Bankruptcy, a form of debt relief, can and will affect your credit for years to come, and can result in loss of property as well as still being forced to pay off the debts. Bankruptcy is one way to lose your credit and still be in debt.
Here’s how it works:
Bankruptcy can destroy your credit by leaving your ratings low for as long as 7 to 10 years.
Chapter 7 bankruptcy can require the sale of any property not protected by law.
Chapter 13 bankruptcy will offer a payment plan and will leave a bankruptcy mark on your credit report.
Your credit report will reflect the bankruptcy option you chose, and your chances of getting credit will be low if not impossible. Interest rates will be high.
Yes, bankruptcy is an option, but is it one you want to take?
How Can Debt Settlement, a reliable form of debt relief, Help You?
By knowing more about debt settlement, a type of debt relief, and how it works, you may see that it is the right path to take for eliminating your debt problems and finally get that debt relief you need.
As you make monthly payments through an FDIC insured trust account, and save funds for settlements, once settlements are made, your credit report will reflect that you have $0 balances and account is “ Settled”, unlike Bankruptcy that will stay on the report for 10 years.
You will be able to make one monthly payment into the program a payment that you can afford and get debt relief.
Our company does not charge any upfront fees, your payments will go into a trust account designated for settlements, only after agreements with creditors are reached the fees will be collected.
Reduce your debt and be stress free, get debt relief – contact us today to see if you qualify.
Debt Settlement and Other Alternatives
At Debt Consolidation, we believe that debt settlement, a form of debt relief, is a good option for many people. We can provide the knowledge and experience to help you make the right decision for your circumstances. That’s why we provide information and guidance on two other main credit relief alternatives to debt settlement
Debt Consolidation can help you find the right solution with a free consultation and get you debt relief. You can fill out our Short Application and one of our debt specialists will contact you within minutes, or you can call now.