Debt Consolidation Basics

Learn more about debt consolidation and what it can do for you. Here we'll explain our various debt consolidation services and how they work.

Our Services

Debt consolidation is a process whereby your many, high-interest debts are combined into one monthly payment to reduce interest rates and help you get out of debt faster. When you sign up for the best debt loan consolidation rates, you have your choice of two different services. Depending on your debt situation, you can choose debt negotiation or debt consolidation services. Each service is explained below to help you decide which is right for you. Check out our who should consolidate page for more information.

Debt Consolidation

Our primary service is debt consolidation, sometimes called debt management. We negotiate with almost all major creditors to secure reduced interest rates for our customers. We are able to negotiate very low interest rates that creditors do not provide to the public. Once you sign up for the best debt loan consolidation rates, we consult our negotiated rate sheet to determine your new interest rates for your creditors. You then make one, easy monthly payment to our service, and we will then distribute the payment to your various creditors. This way, you know your bills will always be paid on time. You also do not have to deal directly with your creditors, as we take care of that for you. Your best debt loan consolidation rates will enable you to devote more of your monthly payment to the principal of your debt, thus helping you pay your debt off faster with lower payments.

Debt Negotiation

In addition to offering the best debt loan consolidation rates, we also offer debt negotiation services for those whose debt situation is more serious. Typically, debt negotiation is intended for those who have over $20,000 in unsecured debt and are seriously behind on their payments. Debt negotiation is also sometimes referred to as debt settlement or debt elimination. Debt negotiation is a smart alternative to bankruptcy. With debt negotiation, you will temporarily stop making payments on your debts while we negotiate a reduced payoff amount with your creditors. During this time, you will either make payments to your debt negotiation service to be stored in a holding account or you will store the money in your own account. Once negotiations have concluded, you make a lump sum payment to your creditors using the money you have been storing in your account. Debt negotiation is for people who are not necessarily looking for the best debt loan consolidation rates, but rather are looking to reduce the total amount of their debt.