The Basics of Consolidation

Learn more about the Debt Consolidation Etc program here. We'll explain how it works, who qualifies for it, and how much it costs.

Debt Consolidation Etc: A Step-by-Step Guide

We've broken down the Debt Consolidation Etc program into three easy steps.

We negotiate reduced interest rates with most major creditors. This step takes place before you even apply for Debt Consolidation Etc. We have prearranged agreements with most major creditors that enable us to pass on reduced interest rates to our consolidation customers. We maintain a list of creditors with the accompanying rate we have negotiated for each creditor.
You apply for Debt Consolidation Etc. When you apply for our program, we consult our negotiated rate sheet to determine your new interest rates for your creditors. We then calculate your monthly payment based on these new, lower rates. The rates that you will receive are available only to consolidation customers and are not available to the general public.
You make one, easy payment each month to Debt Consolidation Etc. Instead of making dozens of payments to different creditors, you will make one, easy payment to Debt Consolidation Etc. each month. We will then divvy this payment up among your creditors. This way, your bills are always paid on time.

Qualifying for Debt Consolidation Etc

You will need to meet the following requirements to qualify for Debt Consolidation Etc:

Have a minimum of $5,000 in unsecured debt
Never previously consolidated debts
Willing to cancel credit cards included in consolidation
Current on payments

Cost of Debt Consolidation Etc

You can take advantage of the Debt Consolidation Etc program for a very affordable rate. Typically, the fee for Debt Consolidation Etc is a one-time commission plus a monthly administrative fee. The commission is usually the amount of your monthly payment. For example, if your new monthly payment were $200, your first month's total payment would be $400 to include commission. A monthly administrative fee is also usually included in your payment. This charge might be a flat fee or a per-creditor fee that ranges from $10-$40. Make sure to read the consolidation services page for information on what type of service you need.