How Debt Consolidation Works

We'll tell you everything you need to know about debt consolidation here. Learn more about how the process works and how it can help you.

Debt Consolidation Explained

Debt consolidation works by combining your many, high-interest debts into one payment with lower interest rates. Thus, instead of making dozens of payments each month to different creditors, you make one payment to one creditor. Our company has negotiated reduced interest rates with most major creditors, and we pass on these reduced rates to you when you become a customer. These rates are exclusively available to debt consolidation customers. After we apply your new interest rates to your debts, we will then determine the monthly payment you will make to our debt consolidation service. Each month, you will make a single payment to us, which we will then divvy up among your creditors. This way, your bills are always paid on time each month. Best of all, because we handle all payments and communication with your creditors, you don't ever have to worry about being hassled by a creditor again. Check out our debt consolidation services page for more details about our services.

The Debt Consolidation Process

Complete our online application for debt consolidation. The first step is to complete our free, online application for debt consolidation services. The application will ask you for some basic information about yourself and should only take a few minutes to complete.
We lower your interest rates. When you sign up as a debt consolidation customer, we will consult our sheet of negotiated rates to determine the new interest rates for your creditors. We will then base your new monthly payment on these new, lower interest rates.
You make one easy payment to our service each month. Rather than having to make multiple payments to different creditors each month, you will instead make one, easy payment to our debt consolidation service each month. We can even arrange your payment to be automatically debited from your account to save you time.
We distribute your payment to your creditors. After we receive your payment, our debt consolidation service will automatically divvy up your monthly payment among your creditors. We will make sure your bills are always paid on time and in full.