Find out if you are eligible for a Debt Consolidation Program by using our free qualifier tool below. If you are eligible for this program you will be given a Security PIN Number on the confirmation page with details on how to obtain your Debt Consolidation Program.

Avoid a Debt Consolidation Scam
Debt is destructive - but you already know that. You've already taken the initiative and have come here looking for ways to get out of debt. We make it extremely simple, and provide you with concrete, step-by-step plans to get out of debt.

Avoid a Debt Consolidation Scam
If you decide debt consolidation is the best way to pay off your debts, be on the lookout for scams, as you should be with all the debt solutions. Know the signs of a debt consolidation scam and be prepared to walk away if things seem shady.

Advance Fee for the Loan
Some debt consolidation loan scams are really just advance fee loan scams. It's against the law for companies to require you to pay upfront to receive a loan, so if any company asks you to send payment to secure a loan, be prepared for a scam. Advance fee loan scams most often ask you to wire money or send funds via certified check before you can receive the loan funds. Unfortunately, once the company has your money you may never hear from them again. Legitimate debt consolidation loans will have an application process and will do a credit check before they can give you a loan amount, interest rate, or even approval.

Debt Settlement Disguised as Debt Consolidation
Debt consolidation involves paying off your debts using a large lump sum loan. Debt settlement, on the other hand, involves paying your debts at a lower cost. There have been companies who market themselves as debt consolidation companies, but really provide debt settlement services. If you fall prey to one of these scams, unfortunately, you may not find out until several months later when your creditors contact you about debts you thought were being paid. Ask detailed questions about the type of services the debt consolidation company provides and move on if you can't get clear answers.

Too Good to Be True Promises
While it's true that your monthly payment may decrease when you get a debt consolidation loan, it probably won't drop by 30% to 50% as some debt consolidation companies promise. You may be able to get a lower interest rate, but that rate depends on your credit history and it can't be promised until the lender has done a credit check. Finally, debt consolidation companies can't erase negative information from your credit report. Sure, the loan may clear up past due balances when they're paid off, but the delinquent status will stay on your credit report through the credit reporting time limit.

Little Details About the Lender
When you're taking out a debt consolidation loan, it's important that you know who you're borrowing from. The lender should be willing to give their business name and address - an email address and toll-free telephone number are not enough to identity a legitimate business. No matter the reason, if a lender isn't willing to tell you who they are and where they're located, walk away. There are better options.