HOW DOES DEBT CONSOLIDATION WORK
Quite simply the debt consolidation program involves our experienced professional negociators contacting your creditors with a view to reducing both the size of the debt and the monthly repayments.
Bear in mind our debt consolidation team are negociating with all the major creditors on a day to day basis (ie AMEX, VISA, DINERS CLUB, MASTERCARD AND ALL MAJOR LENDERS) And will almost always do a better job of debt consolidation than you can on your own, we deal with Billions of dollars of debt consolidation payments daily ( and millions of pounds of debt consolidation payments in the U.K ) and have the attention of all the lenders when it comes to negociating lower payments for debt consolidation programs.
We work out a monthly debt repayment for each client that reflects on their individual needs and make creditors aware that this is the maximum monthly debt consolidation repayment, we also take immediate steps to convince creditors to eliminate/reduce interest from day one, once we have your creditors agreement we can start the debt consolidation program.
Once in progress we deal directly with all creditors - no more letters or phone calls harassing you for payment! you simply pay the agreed monthly debt consolidation payment to ourselves monthly - these funds are placed in a seperate clients only account - and we electronically transfer funds to your creditors the same day. our ongoing administration costs are deducted from the agreed monthly debt consolidation payment, not added to it. Basically you continue to pay your creditors through ourselves at a much reduced payment with no extra interest or charges with their permission! ( Full details of all payments made to creditors are supplied to you by way of monthly statements)