Is this a loan?
No! The last thing you need is further debt. Refinancing your home or getting a second mortgage will only get you deeper into debt and you will run the risk of losing your home to pay for credit card debt. Most of the time, you can't even remember what you purchased! Here at Consolidation Direct, we assist in setting up a payment plan to satisfy your current obligation, without incurring more debt!
CLICK HERE for a FREE consultation from an approved non-profit agency and learn how much money this service can save you.
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What is Debt Consolidation?
Debt consolidation combines all of your unsecured monthly bills into one lower monthly payment and a lowered interest rate. Although our service is NOT A LOAN we are able to assist clients in dramatically reducing their overall interest rate, monthly payments, and, most importantly, pay-off time.
This is done through a non-profit credit counseling agency that is designed to assist consumers in the repayment of their unsecured debt. Creditors receive certain tax savings for contributing to the program, in return they offer reduced interest amounts sometimes as low as 0%. But only through an approved non-profit credit counseling agency can you obtain the best rates.
CLICK HERE for a FREE consultation from an approved non-profit agency and learn how much money this service can save you.
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How does the program work?
A certified credit advisor will contact your creditors to get your interest rate and monthly payments reduced to an amount that you can afford to pay. Many credit counseling agencies already have working relationships with these creditors and they will know exactly how to get the best deal for you.
In addition, you no longer pay your creditors directly. All of your debts are consolidated into one manageable reduced payment to the credit counseling agency. The credit counseling agency, in turn, pays your creditors, on your behalf, monthly.
CLICK HERE for a FREE consultation from an approved non-profit agency and learn how much money this service can save you.
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How much money can I save consolidating my debts?
Most credit counseling agencies can help to dramatically lower your overall monthly payments as well as your collective interest charges. An example of a client with a $4,000 balance on Citibank, MBNA, Chase, and Associates cards for a total of $16,000 in debt with an average interest rate of 22% would see the following benefits from a debt consolidation program:
| Current Payment: $650/month |
Current Interest Rate: 22% |
| New Debt Consolidation Payment: $340/month! |
New Interest Rate:
10.95% Fixed! |
Monthly Savings:
$310 per month and 11% in interest charges! |
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CLICK HERE for a FREE consultation from an approved non-profit agency and learn how much money this service can save you. back to top
How much does this service cost?
Amazingly, your creditors subsidize all or a large part of most debt consolidation services. Before you say this sounds too good to be true, keep in mind that your creditors are not lowering your interest rate and making it easier for you to make smaller payments out of the goodness of their hearts. They realize if they don't help you out a little you may file bankruptcy and they will likely collect nothing.
Through debt consolidation services they can at least recoup the principal on your debt. In addition, you will notice that most credit counseling agencies are organized as "non-profit" companies. This allows the creditors to recoup a significant portion of the "lost interest charges" through tax write-offs.
So take advantage of this great service. Contact us for a completely free consultation and a certified credit advisor will teach you how you can begin saving on your interest charges within a couple of days.
CLICK HERE for a FREE consultation from an approved non-profit agency and learn how much money this service can save you.
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Will I still receive harassing phone calls?
Upon enrollment into a debt management program your collection calls will begin to dissolve as the non-profit credit counseling agency begins to handle your account. Within as little as 2-4 weeks you can begin to answer your telephone again knowing it will not be a creditor.
CLICK HERE for a FREE consultation from an approved non-profit agency and learn how much money this service can save you.
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