Here are some frequently asked questions and answers to our debt consolidation program.

Is this a loan?
No. We strongly caution against utilizing, and applying for a debt consolidation loan because a loan will only get you further into debt. Besides -- if you are over extended now, the last thing you need is more credit. Instead, we negotiate with your creditors to reduce your interest rates, monthly payments and present you with a reasonable agreement for repaying your debts. We work with your creditors to reduce monthly payments, eliminate interest, late fees and penalties.

Do I need to be a homeowner in order to participate in your program?
Absolutely not! You do not need to be a homeowner in order to participate in our program.

What is debt consolidation?
Debt consolidation is a process of restructuring your existing unsecured debt with your creditors. We negotiate with all of your creditors to obtain the lowest monthly obligation needed to satisfy all of your current accounts. Debt consolidation is not a loan, but a process to lower your current monthly payments and interest rates.

What are the benefits of debt consolidation?
You will be making one convenient monthly payment that is disbursed to all of your creditors. In most cases, this new payment will be lower than the sum of your current individual account obligations, and more of your money will be going on the principal.

What kinds of debt can be consolidated
Any kind of unsecured debt can be consolidated, including: credit card debt, medical bills, personal loans, store credit, student loans & utility bills.

Do you require a credit report?
Absolutely not. Although we may suggest that it may be worthwhile to get a credit report to ensure you're aware of all outstanding obligations.

How long will it take to pay off my debt?
Although each client differs -- on average you will be out of debt within 3 to 5 years, as opposed to 20+ years. Your own repayment term depends on your total debt consolidated, and monthly payment applied toward paying off your debt.

Can I consolidate my car loan or my mortgage?
No. Only unsecured debts are considered for a debt consolidation program. You home mortgage and your car loan are collateral loans, not unsecured loans.

Will your program negatively affect my credit rating?
If your credit isn't so good upon entering our program, then regular monthly payments can improve your payment history and your credibility with creditors. One of the most important aspects of your credit rating is your debt to income ratio. By reducing your debt rapidly through interest reduction, your debt to income ratio will come down to creditor target levels, reflecting your credit worthiness. Your credit is in your hands. As long as you continue to make timely, consecutive payments, most creditors will not report to the credit bureaus. If they should, generally it will reflect that your debt is being paid through a debt management program. This comment in your report is simply designed to inform future creditors that you have taken responsible steps toward paying off your debt.

Can I use your debt consolidation to improve my credit rating?
If you have a bad credit report at the time you begin our program, it can only improve over time. Be very wary of firms or individuals who claim to be able to immediately restore or improve your rating. The only way to repair bad credit is by making timely payments and our services make this possible.

Will I receive regular statements?
Yes. You will be receiving statements from your creditors which will reflect your balances are indeed declining.

What is secured debt?
Secured debt is security or collateral. Examples of secured debt could be a home, condo, boat or car.

Can I choose which debts I want to place on the plan?
You may choose to put all your unsecured accounts on the debt consolidation plan, or you may prefer to leave off one or two accounts (e.g. credit cards) for personal or business use.

Why are creditors willing to work with you?
Creditors are strongly supportive of our debt consolidation and repayment plan. Most major creditors are willing to grant concessions to our clients in the form of reduced interest rates, and lower monthly payments with the understanding that they will at least receive the principle back with the restructured plan.

Is your program expensive?
No. We request a small management fee which is structured into your monthly consolidated repayment program.

What kind of debt can I consolidate?
Any unsecured debts such as credit cards, department store and gas cards, medical bills, collection accounts, past due payables, and unsecured personal loans qualify for consolidation in our program.

Why should I consolidate?
As mentioned above -- more than likely, you've come to realize that minimum monthly payments will never get you out of debt. By participating in our program, we can eliminate or lower your current high interest rates, drastically reduce your monthly payments up to 50%,  conveniently consolidate all your debt into one low payment thus -- saving you thousands in over all fees.

Is bankruptcy a option?
That depends. If you are considering filing bankruptcy, it is not to be taken lightly and you should seek legal and financial counseling before preceding into this direction. The risk Bankruptcy inflicts is having it appear on your credit report for more than 7 years.

What happens after I fill out and submit my free quote form?
Your application is forwarded to our processing department for evaluation. Shortly there after -- within 48 hours, you will be contacted by one of our counselors who will go over in detail the program benefits. There is no pressure, and the final decision is left up to you who is best to determine if debt consolidation would benefit your situation.