Debt Consolidated Loans Offers Alternatives To Filing For Bankruptcy! Debt Consolidated Loans Offers Consolidated Debt Solutions with a quick no obligation FREE ONLINE QUOTE!

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Debt Consolidated Loans Offers Alternatives To Filing For Bankruptcy!

What is Debt Consolidated Loans?
Consolidated Debt plans involve 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 Consolidated Debt 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.

 Will credit counseling appear on my credit report?
Only your creditors can report your actions to the credit bureaus. Creditor participation in our program and financial support of our operations are strong indicators that such a program will not harm your credit. By reducing debt and having the creditors report the payments received as prompt payments, most people who enter into a consolidation plan will actually improve their credit rating. Some creditors do report participation in a debt consolidation program to credit reporting agencies. You should keep in mind that such reporting has many positive elements. Participants in debt payment programs cannot go further in debt. In addition, debt plan participants are paying creditors according to the creditors terms and conditions.

Can medical and hospital bills be included in a Consolidated Debt Plan?
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.

What are the benefits of a Consolidated Debt program?
A Consolidated Debt 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.

How do we obtain lower payments on your behalf ?
We have established relationships with many of the major lending institutions and credit card companies who have agreed to either reduce or eliminate an individuals interest charges and late fees. It should be of interest to you that we may be able to lower your monthly payments by as much as 50%.
Should I consider filing for bankruptcy instead of joining your program?
Filling bankruptcy should be your last resort in solving your financial difficulties. Although it may help you now, it will hurt you in the future. If you choose to file bankruptcy, be prepared to accept the unfortunate consequences. It will appear on your credit report for at least ten years. In addition, it can be reported for the rest of your life when applying for certain types of state licenses, jobs, as well as various types of loans. Before you consider filing bankruptcy, give yourself one last chance to obtain financial freedom.

Why shouldn’t I apply for a home equity loan or debt consolidation loan to pay off my creditors?
Most people like this idea, as they receive a check to pay off all their creditors almost immediately. In addition they are told that the interest payments are deductible. But this extends your credit further and does not stop the cycle of debt!

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