Will I have to qualify?
Is this a loan?
Can anyone participate in the program?
What kind of program is it?
Do I have to be behind in my payments to join?
Does this look like bankruptcy on my credit report?
Can I join the debt program if I am already in a debt consolidation program with another company ?
What types of debt can I include in the program?
Is there a minimum amount of debt required to sign up?
Can I include my home, car or business credit cards?
How is my credit affected?
What’s in your FICO® score?
If I am delinquent on my bills, what will this do to my credit?
How can I stop creditor harassment?
Can I still use my credit cards while I am in the program?
Can I apply for additional credit while I am on the program?
Can I pay extra each month?
Can I pay by personal check?
Will I be canceled from the program if I miss a payment?
Will I receive a statement each month?
Will I be able to access my account online?
What monthly fee will I have to pay for your services?
When will I receive the free quote and enrollment paperwork?

Will I have to qualify?

No, there is no qualifying
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Is this a loan?

No. This is not a loan so you do not have to qualify or put up any of your assets as collateral.
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Can anyone participate in the program?

Yes. Individuals, couples and partners can participate. There can be up to 2 people on each consolidation program.
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What kind of program is it? The program is called Consumer Credit Consolidation. This program is not a loan. It is the least drastic of consolidation programs and may be the fastest and most effective method of eliminating unsecured debts without a loan. This option is a viable alternative for those who are current and/or behind, overextended, have high interest rates or in collections and at their financial wit's end.

The program helps people get out of debt in approximately 3 to 5 years. Payments of included creditors are consolidated into one affordable monthly payment. The monthly payment guidelines and lower interest rates are usually pre-set by the participating creditors. We have added these % requirements into our free quote system so you get a 90% accurate quote. Once the account is setup and you are making your payment each month that payment will then be distributed to each creditor you have included into the program. As you make your payments each month you will be building your credit. Clients are encouraged to make higher than minimum payments when they are able to do so in order to become debt free faster.

Benefits usually include: · Reduction or elimination of interest charges. If you already have low interest rates this program will not benefit you.

• May reduce monthly payments.
• Stop collection calls. You can direct all communications from your creditors or collection agencies directly to the program company, avoiding contact with harassing creditors.
• Elimination of late fees and over the limit fees
• Re-aging of past due accounts to a current status (usually done after making 3 consecutive payments)
• Re-building of your credit and credit rating
• Consolidating your bills into one easy and affordable monthly payment
• The management of your debt to ensure the earliest possible payoff
• Restoring your peace of mind through goal orientated financial management and budgeting analysis. · Reduce creditor collection efforts because they are now being paid each month.

Do I have to be behind in my payments to join?

No, you do not have to be behind in your payments.
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Does this look like bankruptcy on my credit report ?

No, it does not.
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Can I join the debt program if I am already in a debt consolidation program with another company?

No. You can not switch debt consolidation programs. Keep in mind debt settlement, debt negotiation, debt reduction and/or debt elimination programs are NOT debt consolidation programs. So if you are in this kind of program you can join.
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What types of debt can I include in the program?

Unsecured debts such as credit cards, personal loans, hospital bills, department store credit cards, old telephone and utility bills, gas cards, student loans, and repossessions can all be included.
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Is there a minimum amount of debt required to sign up?

Yes, there is a total debt requirement amount of at least $2,500 and a $100 minimum balance requirement for each account you include.
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Can I include my home, car or business credit cards?

No. Secured debt such as mortgages, car loans, motorcycle loans, boat loans, personal loans secured with collateral and business credit cards and/or accounts can not be consolidated in the program.
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How is my credit affected?

Participating in credit counseling is NOT factored into your FICO® score Click here for details  

There are many factors that come into play when you are consolidating your debt but one of the most important of these factors is that by obtaining lower interest rates you are getting out of debt much faster than you normally would. This in turn will help you build a better credit rating and score. Most people who are having a hard time securing credit usually have high debt to income ratios.

If you have a good credit rating, you should remain in good standing with your creditors. If you are behind in your payments consolidation can help bring your accounts current which will ultimately increase your credit score in most cases. This is a process called re-aging. If you have a below average credit rating, your participation in the program can help you build your credit by showing a positive payment history.

Most creditors "freeze" accounts that are included in the program. That means your charging privileges are suspended while you are paying the debt off. Once the account is paid off the creditor typically re-activates the account. If your accounts are closed, they will usually remain closed. If a creditor closes an account it can bring your creditor score down slightly for a few months but then as you are getting out of debt your score will built each month as you are paying off your debt.
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What’s in your FICO® score?

FICO Scores are calculated from a lot of different credit data in your credit report. This data can be grouped into five categories as outlined below. The percentages in the chart reflect how important each of the categories is in determining your FICO score.

In some cases there are a few creditors that will put a remark on your credit report that states your accounts are being paid by a third party. (Payments made on your behalf are considered third party) Most lending institutions do NOT view this as a negative however there are some that do. If you are interested in obtaining a loan for a house or car you may want to pre-qualify to make sure your lending institution will give you that loan. If you find a creditor has put this third party statement on your credit report and it is hindering you from obtaining a loan you can ask to have this creditor removed from your program which will then remove the third party remark from your credit report or you can check with another lender who does not view this as a negative.
If you would like to learn How to Build a Better Credit Record click here.
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If I am delinquent on my bills, what will this do to my credit?

Creditors will usually re-age delinquent accounts which means that they can bring them back to a current status showing you in good standing again. It takes approximately 3 payments into the program for the creditors to bring your accounts current again and for it to show up on your credit report. Creditors will usually stop late fees, penalties and over the limit fees. This will put your back on track again and get you out of debt much faster.
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How can I stop creditor harassment?

If your creditors are bothering you, after you have faxed us your paperwork, please ask them to call us a (888) 357-8683. To read what your rights are under the Fair Debt Collection Practice Act CLICK HERE
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Can I still use my credit cards while I am in the program?

You will not be able to use the credit accounts you include in the program. These accounts will be frozen or closed. You can choose to keep credit accounts out of the program for emergency use. If you would like, you may included additional credit accounts into the program after your start date.
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Can I apply for additional credit while I am on the program?

No. It would be best if you did not. Remember the reason you are joining is to get out of debt. Applying for additional credit wll only create more debt for you to pay off.
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Can I pay extra each month?

Yes. If you pay more than your minimum amount, you will get out of debt much faster.
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Can I pay by personal check?

No. We can not except personal checks or money orders. This is due to the growing problem of payments not being received on time. The form of payment we do offer is to have your funds automatically drafted from your checking or savings account on the date you choose. There is no charge for this service. The direct debit form will be provided to you in your enrollment paperwork.
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Will I be canceled from the program if I miss a payment?

Your creditors will cancel you from the program after missing 2 consecutive payments. It is always best to contact the processing center if your payment is going to be late or if you are sending a partial payment.
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Will I receive a statement each month?

Yes. You will receive statements from your creditors showing an amount paid by the processing center. You will also receive an invoice from the processing center each month. This will allow you to track the payment amounts made to each creditor and it will also allow you to see your reduced interest rates.
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Will I be able to access my account online?

Yes. Once the account is fully set up you will be able to access your account online.
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What monthly fee will I have to pay for your services?

Our monthly fee is $35. This amount has already been included in the free quote you receive online.

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When will I receive the free quote and enrollment paperwork?

Immediately ! Just click on the Free Instant Online Quote link below or feel free to contact us Toll-Free at (888) 357-8683. Our office hours are Monday thur Friday 11am to 9pm eastern standard time. We look forward to serving you.
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