| Credit Consolidation Services
is a process by which we negotiate with all of your creditors to obtain the lowest monthly obligation needed to satisfy all of your current accounts? So you pay one "lump" sum monthly, which is in turn portioned out, to your creditors. This monthly payment will in almost all cases be lower (perhaps by as much as 50%) than the sum of your individual account obligations.
The reasons why our negotiated monthly payment is lower than the sum of your individual accounts is as follows:
Credit Consolidation Services is committed to assisting consumers who have had the unfortunate experience of becoming over extended with consumer debt.
Credit Consolidation Services works with many large creditors and has many clients. Because creditors are receiving payments from us on many accounts, they often are willing to reduce and/or eliminate both interest and late charges to our clients. Because
Credit Consolidation Services is recognized by creditors as a leading provider of debt consolidation services, we can also extend the terms of the incurred debt at a reduced and/or eliminated interest rate with no late fees or further adverse effect on your credit history.
Creditors recognize that people who enter an
Credit Consolidation Services are trying to repay their obligations in good faith. Creditors are more willing to extend favorable terms to such clients in the hope that they (the creditor) will avoid the significant expense of turning the account over to a collections firm or avoid an extended drawn out process if the account holder goes through the expense of declaring bankruptcy. Average client signs up for a 32-month program. (Note: the client largely controls this. Since we can in most cases greatly reduce or eliminate interest charges and late fees; most clients wish to extend the terms of the debt as much as possible so as to reduce the monthly payment.)
It was your good credit rating that made you an easy target for the credit card companies to bury you with a lifetime of interest payments and late fees! Refinancing or a second mortgage on your home is economic suicide. By putting all of your debt on the most precious asset you have, you run the risk of losing your home for the sake of credit card debt. Most of which you cannot even remember what you bought. You may even be overextended to the point where you might not qualify for a mortgage. And if you do, the terms will not be favorable. |
