How does Debt Consolidation work?

Debt consolidation is the process by which an agency negotiates with your creditors to reach an agreement to satisfy open credit accounts. Typically the debt consolidation company will negotiate better terms with your creditors which results in lower monthly payments and paying off debt faster.

How much can I lower my monthly payment?

This depends on the amount you’re currently paying and how long you wish to take to pay off your debt. It is possible to reduce your monthly payment by up to 75%
Is debt consolidation a loan?

Debt consolidation is not a loan. It is an agreement with creditors to consolidate your unsecured debt (i.e. credit cards, personal loans) to one payment

How long will it take me to get out of debt?

Most debt consolidation programs are 12 to 36 month

Is debt consolidation right for me?

If you have high monthly payments and wish to reduce them then you have the most to gain; however, debt consolidation simplifies your unsecured debt to one payment each month rather to having to write checks to many different creditors.