Solid Ground Financial – FAQ
What is Debt Consolidation?
Debt consolidation involves restructuring your existing interest rates with your creditors. We consolidate all your accounts into one convenient monthly payment. (If you are late we can stop the late and over-limit fees)
What are the benefits of Debt Consolidation?
The consolidation process results in lower monthly payments, reduced interest rates, and elimination of over-limit fees and late fees. Moreover, the payoff term is drastically reduced. Interest Rates are lowered in between 6 and 9%!!
How can Credit Counseling secure lower payments for me?
Credit Counseling agencies have established relationships with major creditors across the country, both large and small. Creditors are typically willing to work to facilitate the repayment of money owed by lowering monthly payments and reducing or eliminating an individual’s interest rates and late fees.
Should I consider filing for bankruptcy instead?
Bankruptcy is usually the last resort you should want to take in solving your financial problems. Many individuals aren’t even aware of the consequences this can cause. Bankruptcy will stay on your credit report for at least 7 years. Future creditors more than likely won’t even consider extending credit to someone who has filed bankruptcy. Debt Consolidation is your best and safest alternative if you’re considering bankruptcy.
What type of debt can be consolidated with Debt Consolidation?
All unsecured debts can be successfully consolidated with our Debt Consolidation program. Credit Cards, Department store cards, medical bills, utility bills, unsecured loans, and Payday Loans.