Debt Consolidation procedure

Hi jlimaxes
Welcome to the forums

If you have any unsecured debts then you can consolidate all your unsecured debts through debt consolidation process. In a debt consolidation process the debt consultant will negotiate with your creditors and he will try to bring your debts down by 40% to 60%. In addition he will also try to reduce your interest charges and to eliminate your late fees. As you clear your debts your credit score will go on improving and at the end you will have a very good credit report.

To get started with the debt consolidation you have to get yourself registered in the debt consolidation program and pay the set up fee charged by the debt consolidation company.
Further check whether there are any hidden fees.

Hope you will find this information useful

Regards
Peter

I was contacted yesterday by a payday lender from 2006 saying that i would be arrested for not paying my payday loans I had several at this time in 2006 how do i resolve this issue and will i be arrested.

You cannot be arrested for a debt. Please start your own topic in our debt settlement forum,shantea.