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What is a Debt Consolidation Program? A Debt Consolidation Program involves restructuring your existing debt with your existing creditors. Money is not loaned, and creditors do not change --- but the terms and conditions under which the existing debt can be repaid usually change significantly. Under our Consolidated Debt Plan, the monthly payment which is expected by the creditors is typically lowered and, in most cases, interest due to the creditors is lowered --- and sometimes totally eliminated. A person qualifying for a Debt Consolidation Program will usually find they are making more progress towards reducing their debt even though they are making lower monthly payments. Since most creditors report payments received under this plan as prompt payment, the person's credit report is usually improved by a payment plan. What are the benefits of a Debt Consolidation Program? A Debt Consolidation Program combines two essential elements: the ability and the motivation to get out of debt. Under such a plan, you make one convenient monthly payment to us and we disburse all funds to your creditors. Usually this payment is lower than current minimum payments and it is always within your financial ability to pay. When we pay your creditors, it is almost always at a lower interest rate so that your payments actually go toward reducing your debt. Can medical and hospital bills be included in a Debt Consolidation Program? We work directly with these types of creditors on an ongoing basis. We contact them immediately and are usually successful in negotiating better terms, lower payments and rates. For
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