How It Works

We'll tell you everything you need to know about how a credit card consolidation loan works. We'll explain what it is, what the process entails, and who makes a good candidate for it.

About the Credit Card Consolidation Loan

Our credit card consolidation loans help you make your credit card debts manageable again by bundling all of your cards into one easy monthly payment. Instead of making payments to your creditors, you make payments to a consolidation service that then passes on your money to your creditors. A credit card consolidation loan is an ideal solution if you would like to get out of debt faster or are tired of the hassle of paying dozens of creditors. If you apply for a credit card consolidation loan with us, you can expect the following benefits:

• Free, no-obligation quote
• Reduce your payments by hundreds each month
• Eliminate or substantially lower your interest rates
• Reduce the total amount of your debt by up to 60%
• Get quality, professional service from an experienced company
• You make one payment each month on a due date you choose

Credit Card Consolidation Loan Process

The credit card consolidation loan process has three basic steps:

1. You apply for a credit card consolidation loan. You do this by filling out our online application.
2. Once you sign up, you are assigned lower interest rates that we have already negotiated with your creditors. We will consult our preset rate sheet to give you your new, lower interest rates with your particular creditors. We will then set up a payment schedule that will reflect your reduced interest rates.
3. You make one monthly payment to the consolidation service. You make a payment to the consolidation service once a month, and this payment is divided up among your creditors.

Candidacy for a Credit Card Consolidation Loan

A credit card consolidation loan can make a world of difference with your debt situation, but it's not right for everyone. The best candidates:

• Have at least $5,000 in unsecured debt
• Have many high-interest credit cards
• Are struggling to make monthly payments
• Have too many creditors to manage

There are two different types of consolidation. Check out the next page for more information.