Debt Relief- BBB Accredited
Debt Relief- BBB Accredited
It is difficult to ignore debt. It can become a constant enemy when you stare at your ballooning credit card debt and respond to angry creditors’ calls. It’s not enough to just wish, smile, or ignore it.
How much would you give up to get rid of all the worries that come with long-term debt?
You may find that you have to give up less when you sign up for our debt consolidation program. Our program is not free and takes time. We cannot guarantee that you will be debt-free if you enroll today.
We can however promise to reduce your unsecured debt burden. Every client who is eligible for our program benefits from our tireless efforts. The results we have achieved speak for themselves.
Consolidationnow, a NewYork-based company that is BBB-accredited and has received many awards
We are experts in consolidating credit card debts, medical bills, and repossessions. We will also ensure that creditors do not harass you at home or work.
In a moment, we will discuss more our work and the steps we took to be a leader within our industry. Let’s first look at what debt is and how we can fight it.
American consumers struggle to keep up with the rising cost of basic staples.
Many consumers see debt as a way to escape financial stress. This includes credit card bills, hospital financing, personal credit lines, and business loans.
It is a crucial first step in your journey to financial independence to recognize that you must do something about your debts. There are many options available to you, regardless of whether your credit issues have turned into a serious emergency or you simply want to improve your finances.
You Are Thinking of Making Do with the Minimum Payment Plan?
Many consumers choose the shortest route to pay off their credit card debt: the “minimum payment plan.” Credit card issuers must set a minimum monthly payment amount per cardholder by law. These payments are calculated based on the cardholder’s total debt, interest rate, and other factors.
The minimum monthly payment can be quite low. A $10,000 credit card balance could mean that your monthly payment is just $200. This could be manageable depending on your income.
Credit card companies will offer you something in exchange for your inability to pay off your entire balance. They do this by offering sky-high interest rates. These figures are only applicable to people who have stopped using their credit cards. You’ll get deeper into the hole if you continue to make charges.
Consumer protection laws require credit card companies to tell customers how long it takes for the “minimum payments plan” to work. Look for the box on your next credit card bill that states, “If you pay only the minimum amount on this balance, you’ll pay a total cost of X dollars, and it will take you Y years to pay your balance off.”
These ‘X’ or ‘Y’ values may shock you.
Are you looking for a debt consolidation loan?
Consolidating debt with loans is a popular option for those who are in deep financial trouble. If you are eligible, debt consolidation loans may be able to help you get out of debt faster than other options and save you more in interest.
This plan requires that consumers keep up with their payments. Remember that loans don’t make your debt disappear. They simply transfer it to another institution. This is a good option if you have many debts from multiple sources or high-interest rates.
Consolidating debts would consolidate all the accounts with a lower interest rate, making it easier to pay back that money.
Are you considering bankruptcy?
It is not a good idea to declare bankruptcy. Chapter 13 bankruptcy is a great way to reduce your unsecured debt, but it can also have many undesirable consequences. Declaring Chapter 7 bankruptcy could mean that you lose most of your accumulated assets over your lifetime.
However, bankruptcy is very public. It will take a while before you can conceal that you have gone through the bankruptcy process.
Your credit score will be immediately affected if you declare bankruptcy. You run the risk that you will lose important assets such as your car, home, and family heirlooms while you go through the bankruptcy process.
In some cases, bankruptcy can come back to bite your inexplicable ways. There’s a possibility that your security clearance could be revoked by your employer if you are required to have one. Your insolvency history could be a problem if you apply for a mortgage or rental property.
Anyone who meets the requirements can access our debt consolidation programs.
Debt Consolidation: Debt Consolidation With a Difference
You’ll be connected to an experienced team that negotiates directly with your creditors when you join the board.
So that you don’t have to, we deal with credit card companies, banks, hospitals, and other financial institutions. You’ll be safe from harassment by phone calls, insistent email messages, and in-person visits by creditors or collections agents trying to get payment.
These negotiations aim to reach a single lump-sum payment that eliminates all debts. Most cases can be resolved in between 24 and 48 months.
We offer an FDIC-insured trust fund that you can make monthly deposits to help you save for your eventual payoff. Although every case is unique, our customers have experienced a reduction in their total debt load of approximately 50%, or 30%, before fees.
What debts does our program cover?
The vast majority of unsecured debts are covered by our program. We’re able to negotiate with banks and major credit card issuers for clients who have large credit card balances.
We are also able to negotiate:
- Credit Cards
- Personal Loans and Lines of Credit
- Medical bills
- Repossessions and Collections
- Business Debt
- Some Student Debts
We are unable to negotiate:
- IRS Debt and Rear Taxes
- Utility bills
- Auto Loans and Government Loans
- Home or mortgage loans
- Other secured debts
We may be able to reduce your monthly credit card payment by a substantial margin if you are eligible. This will allow you to get out of debt in about 24-48 months. We will work tirelessly to help you get out of debt as soon as possible.
The savings we can help you accumulate over time could allow you to start building an emergency fund or add to your retirement account. Our program has been a turning point for many of our clients.
They lived paycheck to paycheck before enrolling and couldn’t afford to make ends meet. They were finally able to save and prepare for the future after they had completed our program.
How much does debt cost?
Consolidationnow doesn’t charge upfront fees. To get started, there are no fees. Consolidationnow doesn’t charge fees for clients once they are enrolled.
The fees we charge vary depending on where you live and how much debt you have (about 18-25% of the total enrolled debt). Our clients still have the opportunity to save a lot of money compared to the thousands of dollars they pay in interest on credit cards, even though they are struggling to repay them.
Our awards, accreditations, and client testimonials are not to be taken at face value. Keep in mind that no case is ever typical.
Your success is our success. We don’t charge setup or maintenance fees, and we only collect our fee if an account is resolved successfully. Our entire business model revolves around your success.
We wouldn’t exist if we didn’t have a track record of success. Our reputation is built on our ability to help consumers get out of debt and start rebuilding their financial lives. Not on how many clients we can enroll or the fees we charge.
Clients with at least $7500 in qualifying debts are eligible for debt consolidation. The majority of secured debts, such as auto loans and mortgages, do not qualify.
We’ll gladly refer you to an organization if you have less than $7500 in qualifying debts and a large portion of your debt load is made up of secured debts.
We want to hear from you if you are behind in your monthly payments or cannot afford your minimum payments. We may be able to help you if you are unable to see a way to improve your financial position without declaring bankruptcy. We have years of experience working with clients facing exacerbating situations like divorce, death in a family, unemployment, and other issues.
No matter how difficult your financial situation is, Consolidationnow can help. Take some time to browse our website and find out more about us, what we have done, and where we are going. Listen to the testimonials of satisfied customers and find out more about debt consolidation, personal finance, and credit card debt.