What is debt consolidation?
It is the process of settling a person’s debt using a debt settlement strategy based on the amount of debt, the number of accounts, and a person’s financial situation.
Debt Consolidation is used to help people resolve collection accounts like:
- Credit Card Debt
- Medical Debt
- Medical Debt from car accidents
- Vehicle Repossessions & deficiency balances
- Mortgage Deficiency balances
- Student Loans
- Utility Bills
- Phone Bills
- Tax Liens
- and More!
Our Debt Consolidation service is called Consumer Champion and also includes credit repair & credit counseling at no additional cost. Why? We want to help you fix your credit while we also resolve your debt.
Resolving debt through debt consolidation can mean 3 things:
- Settling the debt aka paying less than the full balance;
- Fighting the charges because there is a legal defense to owing the full balance; or
- Paying nothing because you do not owe the debt or the debt is not legally enforceable.
We determine which option is right for you based on what we learn through our debt validation process.
What if I’ve been sued?
Thinking about filing an Answer? Or did you just find out about a default judgment? Debt Consolidation may still be an option. Contact us so we can evaluate your situation and give you options.
How much can I save?
It depends on the type of debt you have, how much debt you have, and how far along you are in the debt collection process- but in general we save people quite a bit, normally more than 50% (even on small accounts – it adds up!)
How long does it take?
It depends on what you need, how many accounts and how much debt you have, the debt type, the debt collectors involved, and your financial ability to pay settlements as they become available. Sometimes it takes less than 6 months, we can expedite a few things when possible, and in some cases it can take as long as 2 years. We will give you a more specific timeline during the consultation.
What does it cost?
It depends on what you need, but we offer flat rate pricing and a payment plan to fit your budget- some plans start as low as $100/mo.
Is it a loan?
No. You pay settlements as they become available and as you can afford to pay them. If you are considering taking out a home equity line of credit, or pulling funds from your 401k or retirement account to settle debt we can help you with a strategy, alternative options, and more.
Does it hurt my credit?
No. If you are already in collections, the damage has been done. We don’t dispute accounts with the credit bureaus unless the debt is no longer owed. Everything we do is aimed at improving your credit.
How fast will my credit improve?
It depends on a lot of factors, but we check it every 90 days just to make sure we are on track. Don’t worry about hard pulls, we utilize your free credit monitoring service to check on your credit.
How do I get started?
If you want to book a consult just click the button!