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How does Debt Consolidation work without a loan?

debt consolidation loan
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How does Debt Consolidation work without a loan?

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You don’t borrow money, you make monthly payments. We work on your behalf to arrange an acceptable repayment schedule with your creditors. You send one monthly payment to us, and we disperse it among your creditors. Debt consolidation is a way out of debt and a step towards regaining financial control. This satisfies the creditors as they know they will be receiving a consistent payment from you each month.

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