Frequently Asked Questions about Debt Consolidation Etc

Here are the answers to the most commonly asked questions about Debt Consolidation Etc.

What is Debt Consolidation Etc?

Debt Consolidation Etc is a company that specializes in debt consolidation and debt negotiation services. We help our customers reduce their debts and interest rates in order to become debt-free more quickly. We have special arrangements with most major creditors that allow us to pass on reduced interest rates to our customers.

How do I apply for Debt Consolidation Etc?

You can apply for free for any of our Debt Consolidation Etc services by clicking "apply now" anywhere you see it on our site. This will take you to our short, online application. The application will take only a few minutes to fill out. Once we receive your information, we will contact you to discuss our services and provide you with a no-obligation quote on the service that's best for you.

Why should I consider Debt Consolidation Etc services?

Simply put, Debt Consolidation Etc can help you get out of debt faster while spending less money on payments. We work with your creditors to reduce your interest rates, which means more of your monthly payment will go toward the principal of your debt instead of interest. Paying down your principal is what will get you out of debt quickly. You will enjoy lower monthly payments, reduced interest rates, and the ability to get out of debt in an average of four to eight years. With debt negotiation services, Debt Consolidation Etc can reduce the total amount of your debt by up to 60%.

What impact will Debt Consolidation Etc services have on my credit?

The impact on your credit will depend on which Debt Consolidation Etc service you choose. For regular consolidation, your credit will not be negatively impacted. In fact, most customers find it easier to improve their credit after they enroll in a consolidation service because their payments are lower, and their bills are always paid on time. Debt negotiation, on the other hand, will have an initially negative impact on your credit because you have to stop paying your creditors while Debt Consolidation Etc negotiates with them. However, once you complete the program, your accounts will be marked "paid in full," and you can easily rectify the initial damage to your credit with a credit repair service.

Does Debt Consolidation Etc deal with secured debt?

We do not offer consolidation services for secured debt. Our reasoning for this is that creditors are much less willing to negotiate to a consumer's advantage when they have the option of seizing property instead. A creditor who could simply repossess your home or car is not going to be as inclined to offer you reduced interest rates. For this reason, we require our Debt Consolidation Etc customers to have a minimum of $5,000 in unsecured debt. Please read our debt do's and dont's to learn how you can further reduce your debt.