Frequently Asked Questions
Here are the answers to the most commonly asked questions about debt consolidation care.
What is debt consolidation care?
Debt consolidation care is a service that combines your several, high-interest debts into one monthly payment, usually with a lower interest rate. Our company has negotiated lower interest rates with most major creditors that we will pass onto you when you sign up for debt consolidation care. We use these reduced interest rates to determine your new monthly payment. The result is usually that your monthly payments and interest rates are substantially lowered. For more information on the services we offer, please read the next page.
How do I apply for debt consolidation care?
You can apply for free for debt consolidation care by clicking "start now" wherever you see it on our site. You will just tell us a little bit about yourself and your debt situation, and we will then supply you with a free quote on debt consolidation care services. Our application is free and comes with no obligation. The application will not take you more than a few minutes to fill out.
How do I know if debt consolidation care is right for me?
Our main requirement for debt consolidation care is that you have at least $5,000 in unsecured debt. You will benefit most from debt consolidation care if you have many, high-interest debts and would like to get out of debt faster. You might also consider debt consolidation care if you simply want the ease of making one payment each month rather than several.
When will I be out of debt?
Of course, the amount of time it takes for you to relieve yourself of debt will depend on your unique debt situation. In general, though, most of our customers get out of debt in four to eight years. Without debt consolidation care, it might take you 20-30 years to get out of debt if you make just the minimum payments.
What does debt consolidation care cost?
The payment for debt consolidation care usually consists of a one-time commission and a monthly administrative fee. The commission is usually the amount of your first monthly payment. In other words, if your new monthly payment were $200, you would pay $400 your first month in the program to cover commission. After that, you would pay only the $200 per month to our service to pass onto your creditors. The monthly administrative fee is usually either a flat fee or a per-creditor fee ranging from $10-$40 per month.
Does debt consolidation care hurt my credit?
No, debt consolidation care will not have a negative impact on your credit. In fact, most of our customers considerably improve their credit after enrolling in our services because we help reduce their payment burden. This enables you to devote more money toward the principal of your debt, which helps your debt-to-income ratio, an important determinant of your credit score. Debt consolidation care also ensures that your bills are paid on time each month, which will also help your credit.
