What is debt consolidation?
Debt consolidation is a process of restructuring your existing credit and unsecured debts. Debt consolidation is not a loan, but a way to consolidate all your payments into one low monthly payment and lower (sometimes even eliminating) the interest you are currently paying.

Is Bankruptcy an option?
A bankruptcy will destroy your credit and remain as a negative makr for ten years no your credit report. Most financial institutions will not even consider a credit application involving a bankruptcy for at least 3-5 years.

What are the benefits of using debt consolidation?
A debt consolidation plan you will set you in motion to get out of debt. Lower monthly payments will make it more convenient for you to pay off your debt, thus relieving your daily financial and emotional stress. With the reducded interest rates and waiving of late and past due fees, you'll see your payments being applied to the principle rather than the creditor fees. In addition, the timely monthly payments will help improve your credit score over time!

What kind of debt qualifies for debt consolidation?
Most unsecured debt can be included in a debt consolidation program. For example, credit cards, medical bills, student loans, bank lines are debts commonly consolidated. Secured loans such as a mortgage or a car loan usually cannot be consolidated successfully.

What are my rights concerning creditors?
We have posted the Fair Debt Collection Practices Act so you may understand your rights and avoid becoming a victim of your creditors.

Do I have to give up all my credit cards?
No. Unlike many of the Credit Counseling Services available today, our non profit agency will consolidate only the debts you ask us to.

Do I have to pay anything up front?
There are no up front fees to examine your indebtedness. We analyze your debt completely and explain the consolidation process prior to your acceptance of our services with no obligation. If another company requests prior payment of any kind you must question why this is necessary and if they have your best interest in hand over profit. Any company looking to charge an up front fee before your explained the process and are advised on the benefits must raise some questions in your mind.

What creditors participate in debt consolidation programs?
All major credit card companies (Visa, Master Card, American Express, and Discover), retail department store cards, hospitals and medical clinics, student loan bureaus and federal revenue departments to name a few.  

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