How does Consolidateds Debt Management Program work?
After reviewing your financial situation, Consolidated’s certified credit counselors work with your creditors to arrange reduced monthly payments, interest charges and fees for your unsecured debt. You make a single monthly payment to Consolidated; those funds are then disbursed to all creditors on a monthly basis. If desired, members can enroll in the free autopay program which automatically deducts the required monthly payment from their account on a monthly or bi-monthly basis. You will continue to receive statements from your creditors reflecting the reduction of your debt at a more rapid rate. Upon completion of Consolidated’s Debt Management Program, you may be eligible for the Cash Back Reward Program. Can I really save money? Yes! Clients of our program can realize savings of 20 to 50 percent in payments and drastically reduced interest rates, which enables them to pay off debt quicker and regain financial independence. What about my credit rating? Consolidated attempts to brin
