What is a Debt Consolidation Program?
(Back to Top) When you consolidate debt, you are combining all of your unsecured monthly bills into one monthly payment. This type of debt consolidation program does not loan you money. Instead, our trained staff works with you and your creditors to lower your overall interest rate, monthly payments, and the amount of time it takes to pay off your debt. In general, you agree to pay your debt in full without incurring any more debt on the credit cards or other unsecured lines of credit that are subject to the debt consolidation agreement. In exchange, your creditors agree to waive any interest charges or late fees.
