Can I Consolidate My Debts?

Carrying around debt can feel like a heavy burden to many people. When looking into different options, you may have come across debt consolidation. Read on to find out if you can consolidate your debt and lift the burden of debt from you and your family.

What is debt consolidation?

Managing your credit obligations can seem like a daunting task, but consolidating debt is an option that many people consider. It allows you to eliminate the hassle of multiple creditors, significantly reduce your monthly payment, lower your interest rates, simplify the bill-paying process, and avoid delinquencies.

How do I consolidate my debt?

The first thing to consider when consolidating your debt is whether or not your debt is secured or unsecured. Unsecured debt is that which is obtained without collateral: credit card bills, medical bills, utility bills etc.

After you’ve worked out how much you owe in unsecured debt, you’ll need to provide proof of income and a copy of your budget. Many companies will not work with you if you cannot provide proof of a steady income. A budget, or a list of monthly expenses, is also sometimes necessary.

When working with a debt management company, you may only be able to consolidate unsecured debt, and there may be a certain balance requirement to qualify, so it’s important to know what you’re dealing with. It should be noted that this balance requirement may vary from company to company.

Now what?

Once you’ve completed all these steps, you’ll want to check with your debt management company to make sure that you’ve completed all the necessary requisites in order to consolidate your debt.

Once your debt management company tells you that you’ve completed all the necessary steps and can now consolidate your debt, you can move ahead with your consolidation plans. Your company will work with you to pool your financial obligations into a more manageable monthly payment. At Accredited Debt Relief, we will carefully examine your debt obligations and develop a proven system to consolidate your debt. Once your debt has been consolidated, you can rest assured that your monthly payments will be much more manageable, and have peace of mind in no longer struggling to meet your credit obligations. Accredited Debt relief is an official member of the American Fair Credit Council (view Accredited Debt Relief on AFCC). For more information about Accredited Debt Relief or to schedule a free consultation, “like” Accredited Debt Relief on Facebook, visit us on the Accredited Debt Relief Yellow Pages site, or follow Accredited Debt Relief on Twitter.

Posted in Debt Consolidation
Testimonials
I initially contacted Brad at Accredited Debt Relief in regard to a financial hardship I sustained as a result of losing my home in the 2007 CA. Wildfires. I found Brad to be a knowledgeable and experienced credit consular that was able to assist me with my financial problems. He was able to adapt his schedule to my needs and gave me the feeling that he cared about my situation and would do anything in his power to help.
Barry S.
Ted has been very helpful and understanding whenever I call him. When I’m in a panic over something he always calms me down and reassures me. He did not make me feel embarrassed or shameful over my debt situation. He is truly a great person!
Bonnie
I wanted to take a moment to thank you for everything you have done for me. Over the past week I have had several opportunities to interact with you as we worked through what was for me a very difficult and stressful decision. It might sound simple, but in my experience it is exceptional: You, Andrew, focus on solving problems. You were able to quickly grasp the issue and proceeded to reach a resolution efficiently, while allowing me to maintain my dignity. I have found you to be professional, knowledgeable, upbeat, gracious, patient, and absolutely committed to achieving the desired result and satisfying me, the customer.
Elizabeth C.
Every time I have called Tony if he didn’t pick up the phone immediately, he without fail returned all my calls promptly. I feel as if Tony and I have become friends and I couldn’t be any more pleased with the service he has provided me. If the rest of the service I receive from ADR is as helpful and professional as that provided by Tony then I am going to be one grateful and happy camper. I would like to thank everyone involved to this point with helping me through a tuff situation, especially Tony.
Byron
I am really glad that I did make that call because if I hadn’t I would be worried so much about the bills and not being able to pay them, along with my health. You explained everything to me and after I talked things over with my husband I realized that this was my best option. I do appreciate your kindness and professionalism. You didn’t make me feel ashamed of needing help, you talked and listened and that made quite an impression!
Rhonda
Hey Andrew! Thanks again for all of your help! All of you have been very helpful & professional. I can’t say enough about how pleased I have been with your services. Thanks again!! Israel
Israel