Debt consolidation is the process of combining all of your unsecured debt into one monthly payment. Unsecured debt can include credit cards and personal loans. Debt consolidation is a viable option for consumers who are struggling to keep up with multiple payments with multiple due dates. Through a debt consolidation plan, you make one monthly payment and on the day that works best for you and don’t have to worry about multiple payments and due dates.
Debt consolidation can help you become more financially organized, pay down your debt more quickly while benefiting from a possible reduction in interest rates as well as many other advantages. By enrolling into a debt management plan you will receive other benefits that may include waived fees, ending collection calls, a reduction of finance charges and over-limit fees, and paying off your debt faster.
Debt restructuring is one of several debt relief options people often use to pay off loans or eliminate credit card debt. Debt restructuring typically involves taking a new loan to pay off a variety of creditors. Ideally, the terms of any debt restructuring deal should be advantageous to the consumer, reducing the total of amount of monthly payments and/or the total amount of principal and interest to be paid over time.
Individuals facing financial difficulties experience very different situations. That’s why, when you contact us, we will help you determine the best way to approach your situation, and provide you the best credit counseling service options possible.
When you contact our counseling center, professionally trained and certified counselors will help you evaluate:
Your current financial situation.
We Provide you with a detailed review of your income, assets, and expenses.
Provide personalized options based on your goals, resources and a Debt Management Plan.
If you’re dealing with outstanding debt it’s possible your creditors could take court action, and you may need legal advice.
We can help you with most common legal processes you’re likely to encounter when you’re dealing with debt, such as if a creditor applies for a court judgment or a decree.