and
they are happy to work with us because we provide you, the consumer,
with an option to willingly repay your debt obligations instead
of declaring bankruptcy.
4.
How will debt consolidation affect my credit?
If you are currently delinquent on your accounts, we can request
that your creditors re-age your accounts and bring them to current
status. If you are paying your bills on time and have too much debt,
a debt repayment plan can only help improve your credit rating by
reducing your overall debt to income ratio.
5.
Will I have to give up my credit cards?
Unlike other credit counseling services that require you to close
out all of your accounts, only the accounts that you are consolidating
will be voluntarily closed out.
6.
How does debt consolidation differ from declaring bankruptcy?
The objective of bankruptcy is to absolve oneself of debts altogether.
This financial strategy, however, has serious and long-term drawbacks,
which may negatively affect your life for decades. For example,
applying for life insurance, purchasing a business, buying a home,
applying for a job, etc., can all be negatively affected by a prior
bankruptcy. Under a debt management plan, you commit to repaying
your debt obligations. Thus, one can repair bad credit, maintain
a good credit rating and return to a debt free lifestyle quickly
and without frustrating negative consequences.
HomeOwners:
Click
Here If you would like to
find out your options to Consolidate your
debt and receive up to
4 FREE quotes!
Non-Homeowners:
Click
Here for a FREE financial analysis and
one of our Debt Consolidation Specialist will contact you shortly.
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your personal credit report in seconds! Learn what factors can positively
or negatively effect credit reports & credit scores. GET
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