Frequently Asked Questions

Q. What type of debt can I consolidate through your program?

A. We are able to consolidate any unsecured debt. Unsecured debts are accounts with no tangible property attached. Examples of unsecured debt include credit cards, store cards, judgments, personal loans, medical bills, reposessions, business debt, and charged-off accounts. We can not consolidate secured debt, such as mortgages, secured loans, tax liens, or car loans.

Q: What exactly is debt consolidation?

A. Our debt consolidation plan is a solution allowing you to consolidate your current debt obligations without having to take out a loan or file for bankruptcy. We contact your creditors to design a repayment plan that reduces your current monthly payments and interest rates that accrue monthly. You end up with one low monthly payment and a shorter payoff term.

Q. What will your program do for me?

A. We will negotiate with your creditors on your behalf to reduce monthly payments by half or more, reduce or eliminate interest charges, stop late or over limit charges, and stop creditors from harassment.

Q. How much can your debt consolidation program save me?

A. In some cases, the interest payments can be eliminated. The monthly payments on all of your bills and debt can be reduced by an average of 60%. The savings can amount to tens of thousands of dollars.

Q. Is this actually a loan?

A. No, we do not arrange consolidation loans. Under our debt consolidation plan, we negotiate with the creditor on your behalf to reduce the total amount of debt you owe. The purpose is to pay the debt in full at a reduced interest and/or monthly payment. More often than not, another loan will compound your debt problems.

Q. Will the debt consolidation program affect my credit record?

A. The majority of creditors will re-age accounts under our program. They are then considered current, an advantage for individuals who are behind. While some creditors will make a notation on your credit report such as "credit counseling participant", most recognize this as a responsible way of dealing with excessive debt.

Q. Can I choose which debts I want to enroll in your program?

A. Yes, you may choose to put all your unsecured debt in our program, or you may prefer to leave off one or two (e.g. credit cards) for personal or business use.

Q. Will your program still help me if I am not currently behind on my bills?

A. Yes, if you have at least $5,000 in debt, then we can consolidate and lower your payments regardless if you're behind or not.

Q. How do I get started?

A. If you find yourself overburdened by debt and are having trouble keeping up with your bills, Debt Consolidation Loans Services has the solution to your financial dilemma. Let our experienced staff of debt consolidation experts design a free analysis for you right now.

Get started by Requesting your FREE no-obligation quote today!