Our online debt consolidation and credit card counseling service is here to help you eliminate your outstanding debts, reduce interest rates, lower your monthly payments and avoid bankruptcy.

Debt consolidation is the process of consolidating multiple debts into one low interest loan or credit card. Debt consolidation typically involves a new credit line, but could also be referred to you as a credit counseling program or other forms of debt management that do not involve a debt consolidation loan. If you have a lot of debt and want to get some relief, there are a variety of options that may be available to you. Our experienced debt counselors can assist you to evaluate your options and find the debt consolidation solution that is right for your personal situation so that you can get out of debt fast. read more...

Q: Is

debt settlement

a smaller credit violation than insolvency?

A: Before you can settle your accounts they have to become undischarged. There is no other way. Your accounts cannot be settled if they are valid – your credit company will not enable you to do that – so you’ll have to destroy your credit reputation for a time. It’s suitable for that person who needs a way out but will not or cannot apply for insolvency.

Your credit reference will be rather negatively affected by

debt settlement

and insolvency. Your reference will include Chapter 7 insolvency for 10 years. In case of

debt

liquidation you will have a pile of collection reports on your reference and they will remain there for 7,5 years starting from the date you first encountered difficulties with the particular account. The impact will be nearly identical if takes you 2 years to repay your liquidation.

When you finish doing either of them, insolvency or

debt

liquidation, you may begin restoring your credit.