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Who should consider a debt consolidation plan? In general, anyone who has enough debt so they can only afford to make the minimum monthly payments on their obligations should consider a debt consolidation program. There are many other signs of potential financial trouble, but the real guidelines should be the impact it has on your life. If you are worried about your bills, you should get a professional opinion about your financial options. If you are currently behind on some or all of your payments, there is hope for your financial situation! Many of your creditors will bring your accounts current shortly after you begin a consolidation program. Usually one or two consecutive payments will bring an account current --- no matter how far past due it is. If your account has already been charged off, is in collection, or even has a judgment filed against it, we can still set up reasonable payments. What
kinds of debt qualify for debt consolidation? Many debts can
be included in a debt consolidation program. Generally, most unsecured
debt can be included. For example, credit cards, medical bills,
department store cards, student loans, taxes and bank lines of credit
are examples of debt that are frequently consolidated. Secured loans
such as house payments or car loans usually cannot be successfully
consolidated. Also, any loan that has been cosigned by another person
will require that the other person pay on the loan if you do not meet
the original terms and conditions. Secured debt is debt that is secured
by something tangible. In other words, if payments aren't made, the
security (a car or a house, for example) can be taken away. In general,
secured debt should be paid before unsecured debt. Get a FREE Debt Consolidation Quote NOW Online |
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If
I miss several payments after joining your consolidation how do I get
back on to the debt reduction program? If you fall behind on
your payments for a while there is no need to worry. All you need to do
is contact our customer service department, and our counselors will
explain the simple steps that would be necessary to bring your accounts
to a current status. 
Please note that it is very important that
you continue to make consistent and timely payments when on a debt
reduction program. Failure to do so can jeopardize your position with
your creditors resulting in late fees, interest charges, collection
calls etc.