Interest Rate

HI Danh, welcome to the forums! I take it that you're asking about the debt consolidation? Its free. There is no charge.

Danh, I assume you are asking what your interest rate would be if you consolidate your debts. With debt consolidation, you are not actually getting a loan. Instead, you make one payment to your debt consolidation company, and they pass your payments on every month to each of your individual creditors. They also negotiate with your creditors to get you some benefits, such as lower interest, waived late and over-the-limit fees, and, in some cases, a lower monthly payment. If your interest rates are high (20+), you will almost certainly see a big savings with debt consolidationn. However, the rate is actually up to your creditors, not your debt consolidation company. And, you will not have one common interest rate. Since each of your individual creditors are still paid every month, each will have it's own interest rate. Hope that makes sense. If it is unclear, feel free to ask any questions.