Frequently Asked Questions

If you have questions about debt relief, the most common answers are right here for your benefit.

What is Debt Consolidation?

Debt consolidation is a quick way to bring certain debts to a close quickly. Debt consolidation is a negotiation process that brings your debt payments together under one roof - one payment, for a lower interest rate and often for a lower overall payment as well.

Is Debt Consolidation Offered Through This Site?

No. Debt consolidation is not a service that is offered through this website, rather this site serves as a place to bring together consumers and credit consolidation companies who are currently accepting clients.

What are the Requirements for Debt Consolidation?

The requirements for being accepted vary between different consolidation companies. Usually there is a minimum credit-card requirement debt load of around $5,000-$10,000. You must also be somewhat up-to date on your payments to the credit card payments.

What Effect Will This Have on My Credit?

Usually, debt consolidation results in an overall increase in your credit score as it is an indication to future potential lenders your willingness to work with your obligations rather than ignoring them or pretending they do not exist. In addition, debt consolidation will usually get you out of debt much more quickly than you would otherwise have been able to manage on your own.

How Quickly Can I Get Started?

Once you have chosen the debt consolidation company you want to work with, you can be onboard and making payments to their service as a consolidated payment to your debts by as soon as your next billing cycle. Then you, taking advantage of the service can relax and make fewer payments each month in order to pay your debts down.