finance charges for loan

Hi nbsportsmom,

Welcome to the forums.

Quote:

How do does your company calculate the interest rate on the debt consolidation loan

Interest rate is determined after negotiating with the creditors. So rate of interest varies from case to case. It depends both on the creditors as well as amount of outstanding debt and the ability to negotiate by the consultant from our company.

Quote:

do you approve all persons that apply

We don't approve everyone who applies for our debt consolidation program. There are certain eligibility criteria that are required to be met. This criteria varies according to the financial status of the debtor and the debt amount.

Hope this answers your query.

Regards
Mike