Need help with debt consolidation programs - How do they work?

Hi Steve

Welcome to the forums.

This company offers debt consolidation programs to the consumers so that the repayment process becomes easier.

In such programs, the consultant makes prearranged debt repayment plans with most credit card and collection companies. After signing in the program, you will be offered lower monthly payments at lower rate of interest that has been arranged with your creditor.

A considerable portion of your money is saved each month through this program because this monthly payment is lower than what the credit card companies' offer to you.

After enrolling in the debt consolidation program, all the harassing calls of the creditors and the collection agents are stopped. They will not call you anymore until and unless you miss the new monthly payment in this program.

All the credit card accounts that are included in this program will be frozen or closed with the intention that you don't build up new debt.

This program is beneficial to you if you have high interest rates or have high credit card debts which are becoming very difficult to be managed. This program serves by making only one payment to all the debts that are included in the program.

http://www.debtconsolidationcare.com/benefits.html

Please take a free counseling from the experts who will let you know more about the added features of this program.

Regards
Roxette