What is Debt Consolidation?

At Accredited Debt Relief we take an all-around approach to helping you with your current financial situation. This means we provide a personalized consultation with you in order to effectively educate you on all your options – including debt consolidation.

But what exactly is debt consolidation?

According to Investopedia, the definition of “debt consolidation” is: “The act of combining several loans or liabilities into one loan. Debt consolidation involves taking out a new loan to pay off a number of other debts. Most people who consolidate their debt usually do it to attain a lower interest rate, or the simplicity of a single loan.” Investopedia also explains that debt consolidation is very common in the case of extensive credit card debt as credit cards generally carry a higher interest rate than other bills and loans.

When you come to Accredited Debt Relief for debt relief options, we take a look at your finances and together, with you, decide what your best course of action is for eliminating your debt. The successful debt reduction program we have created does not involve you getting a loan (but you can always decide to obtain a consolidation loan to work alongside the Accredited debt negotiation program).

If we decide on debt consolidation, we will generally begin the negotiations with your creditors within one to two weeks of you signing up with our program. Depending on your debt amount and the amount of money you can afford to save every month it can take from 24-48 months to resolve your debt. With all of our programs there are no fees until you get results!

Put us to work for you today and take back control of your finances with one of our debt consolidation programs

Accredited Debt Relief is an official member of the American Fair Credit Council (find Accredited Debt Relief on AFCC). For more information about Accredited Debt Relief solutions or to schedule a free consultation, visit us on the Accredited Debt Relief Yellow Pages site, “like” Accredited Debt Relief on Facebook, or follow Accredited Debt Relief on Twitter.

Posted in Debt Consolidation
Testimonials
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