Pennsylvania Debt Consolidation & Credit Counseling Services

What is Debt Consolidation?

Debt consolidation is designed to help pay off your debt by combining all your bills into one affordable monthly payment. Under our program, monthly payments are lowered and interest rates are reduced - sometimes totally eliminated. Your save thousands of dollars in interest, and your payoff time is typically much less.

Why are my creditors willing to do this?

Creditors are willing to lower interest charges and monthly payments as a way to help the client avoid filing bankruptcy, or to avoid having to turn accounts over to a collection agency.

How will this affect my credit?

Debt consolidation is the often regarded as the best way to become Debt Free. Future creditors will view enrollment in a consolidation program as your taking responsibility by making regular monthly payments to meet your debt obligations. It may be that you are current with payments but realize that you will never be free of debt by paying only the minimum payment each month. In this case, you are in financial danger but your credit rating may still be very good. Once you have begun our debt consolidation service, your credit report may or in most case, may not indicate as this bill is being paid by a Third Party payer. This is not a negative or positive aspect, simply a neutral remark.

Which types of debts can we work with?

All unsecured types of debt can be successfully consolidated under our program. These will include credit cards, bank lines of credit, judgements, attorney fees, IRS back taxes, previous rent, previous utilities, disconnected cell-phones, student loans, medical bills, and department store cards.

Secured debts such as home mortgages and auto loans typically cannot be consolidated.

Should I declare bankruptcy to avoid paying my debts?

If you are in an absolute financial crisis, then choosing the drastic measure of declaring bankruptcy should be a last resort. Again, Bankruptcy should only be considered as a final option. It will have an adverse affect on your credit report for up to 10 years. It will also harm any potential relationships with future creditors. Most future creditors won't even consider extending credit to you. You also need to go to bankruptcy court and pay attorney fees. With our debt consolidation alternative, you repay your obligations at a faster rate, at reduced interest charges.

Is taking out a consolidation loan, a good decision?

No, Many consumers see this as the best option for resolving debt. They receive a lump-sum check and are lead to believe that the interest is tax deductible. Unfortunately, many families encounter deeper financial difficulties than they had before taking out the loan. Payments and interest charges on debt are not reduced, and you end up having to pay down added debt from your new loan. Your home can be jeopardized if you become unable to pay back the loan.

How long will it take to get out of debt?

With the average client debts can be resolved in approximately 4 years or less. Typically 2 to 4 years, though it varies from case to case.

Does your company serve all 50 states?

Yes, we work within all US governed states and provinces. This includes Puerto Rico and Guam. We do not work with Canadian creditors as of this time.