In addition, the company has an easy-to-use dashboard that tracks your consolidation program and the progress of its negotiations with your creditors.
When you start pursuing debt management options, you may get mixed messages from people in the debt relief industry.
Accredited Debt Relief is an affiliate and offers the same programs.
New Era Debt Solutions is another standout company.
Companies usually attempt to lower your debt through debt settlement before recommending you take out a loan.
The goal of consolidation is to have a lower payment at a lower interest rate than you currently have.
Because there is no general industry consensus as to what the best ways to manage debt are, we have narrowed down your options.
These debt relief programs don’t have a negative impact on your credit but may limit your credit options for their durations.According to Cambridge Credit Corp., a nonprofit credit-counseling agency, 70 percent of Americans who take out consolidation loans end up with the same or more debt after two years.Types of debt vary, and this influences what you can consolidate.In addition to putting your home at risk, many consumers end up prolonging their debt.While having one low rate and one payment is an attractive option, many people end up in similar or worse financial situations when attempting credit card debt consolidation.