Consolidebt can assist you through the process of getting out of debt in order to build your financial future
Our senior Consolidebt advisors will make sure the debt relief program is right for you, provide you with a detailed budget analysis and assist you every step of the way. Once enrolled with one of our affiliates, our debt management service can reduce your interest rates and get you paid off in a reasonable time frame, which can save you thousands of dollars. We have a secure payments system setup to help you make monthly payments easily and conveniently online.
We avoid the “one size fits all” approach that you will find in most debt relief programs. Instead, we work to provide flexible, effective options for consumers who are struggling with credit card and other debt. The credit counseling services, resources and tools we offer are designed to help you pay down your debt, change the way you look at credit, and develop solid money management skills. Our credit counseling services work ? and the proof is in the numbers.
The credit counseling can offer the creation of the debt management plan, as well as the service of the online service of the company specializing on the debt consolidation. With its help your interest rates as well as the total sum might get significantly lowered and become bearable for your financial state. The credit counselors will also talk to your creditors in order to fix the situation.
Here we offer the visible example of how the debts can be rearranged into clear chart.
For example, John has 2 Credit Cards and 1 Personal Loan, and 1 Student Loan. The interest rates of each card and loan are added and divided on their quantity. Read more about the student loan type here.
The outstanding balances are added as well to get the total amount.
With this information John can go to the debt consolidation company. There the interest rate will be reduced to the available minimum and applied to one single payment.
The payments made before the debt plan had the interest rates added to the sum and resulting the significant rising of the debt.
On the other hand the debt consolidation lets the sum stay fixed, which results the almost 6 times reduce of months’ quantity for payments. This not only makes the debt lesser but also lets the person to get free of it in appropriate time.
What bills can be included in DMP?
You can include any kinds of the unsecured debts like CC bills, medical bills and all kinds of personal loans, credits in the department store and much more.
Main benefits of the debt program
The program is usually accompanied with a lot of benefits, no matter if you’re dealing with the credit card or with the throughout management plan. Here are some of the advantages: