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Can you give me any idea about what percent the interest rates might be reduced if I opt for consolidation program?

Well, it solely depends on the debt consolidation company you are approaching. The consolidation company negotiates with your creditors on your behalf to reduce the interest rates. You can expect that your interest rates may get reduced by half.

Sub: #1 posted on Tue, 11/12/2019 - 23:17

Craigh.terry Craigh.terry

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No one can give you the exact answer. It's impossible. Much depends on the type of debts you have, the negotiation skills of the debt counselors, and the temperament of lenders.

If you have payday loans or credit card debts, which usually carry a very high interest rate, then you can see a substantial drop in the interest rate.

Sub: #2 posted on Wed, 11/13/2019 - 21:50

Nick Jonas Nick Jonas

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Yes, it's true. It depends on the negotiation skills, your previous relationship with your creditors, and so on. However, if you opt for settlement through a settlement company, the payoff amount may get reduced by 40% - 60% you can assume.

Sub: #3 posted on Thu, 11/14/2019 - 23:31

Good Nelly Good Nelly
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You will get the answer from the company to whom you enrolled.

Sub: #4 posted on Fri, 11/15/2019 - 05:15

Sanders Patricia Sanders Patricia

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