Debt Consolidaton

Debt Consolidation is the practice of taking all existing debt accounts and converting them into one, usually smaller, monthly payment. The smaller amount is typically a result of lower interest rates and finance charges.

Debt Consolidation works especially well for consumers who are in debt starting at $10,000 or higher. Consumers can either take out a loan, usually a home loan, or, if applicable, submit an application for a consolidation loan.

Also, accounts submitted for debt consolidation are considered closed accounts Because you are trying to get out of debt, have access to the accounts is restricted.

If you are ready to commit to a debt consolidation plan or if you have some questions or lingering concerns about debt consolidation, call us at 1-800-562-6737 or submit the application form so that you can talk to a Senior Debt Specialist who is ready to answer all of your questions.