what is DEBT CONSOLIDATION?

Family Credit Counseling Corporation and its servicing agents work on mutual agreements with every participating creditor to assist families and individuals become debt free.

By entering into their debt management program, the creditors will make a compromise by reducing and sometimes eliminating the interest that you are currently being charged. The compromise the creditors will ask for in return is that you don't charge on any credit card that is included in the program.

Importantly, this means the money you pay toward your debt through the program is going toward reducing your principal rather than going to the finance charges. In order for the creditors to do that, they require minimum monthly payments based on your balances in order to qualify you for their debt management program.

Once you are set up on the program, you will have one monthly payment that will satisfy all the creditors that you included in the program. You will be able to choose the date that you want your payment to be every month. Your accounts will be re-aged and all creditors will have set the same date for payment every month. You then make one monthly payment to the program, and your payment is disbursed to your creditors.

Your creditors will still send your monthly statements so that you can see your adjusted interest rates and follow your balances going down. In other words, you will see the progress that you make every month directly through your own creditors.

To speak with one of their Financial Consultants and see what their program can do for you,

Click Here and fill out a FREE, no obligation form. You will be contacted within 24 to 48 hours.