debt consolidation on credit card debts

Keifa

Welcome to the forums! Sorry to hear about your current situation. The program offered through this site is for debt consoliation. It helps you get out of debt. Getting another loan only adds to your current financial hardship. I recommend speaking with one of the consultants. You can get a free consultation by signing up.

Please feel free to also browse around the site, and join forum discussions.

https://www.debtconsolidationcare.com/free-consultation

Regards-
Mike

This company will not extend any loans to you but they will offer you some consolidation program to wipe off your debt related problems.

In the consolidation program, you will be asked to set aside some money each month. This will be used to pay off your creditors. The consultant will call up your creditors and inform that you have enrolled in the consolidation program. He will also negotiate to wipe off all the late payment fees added in the total amount. Thus, your total amount will be reduced and you will be mostly paying towards the principal amount.

You won't have to take any loan for this purpose. Moreover, taking a loan will increase your monthly expenses as you will have to pay the interests twice each month. Not to forget that loans require some collateral to be pledged as security. If you default in any of the payments, you might be at the risk of losing it.

The consolidation programs do not require any such collateral to be pledged as security. As long as you stick to the monthly payments, there isn't any risk from your creditors and you will be able to wipe off all your debts. Take a free counseling in this matter and know more about your repayment options.