Debt Consolidation is a debt relief option that people utilize in order to get out of debt faster. In effect, multiple debts are combined so that a more favorable pay-off term can be achieved. Debt Consolidation serves 2 purposes:

Make it easy to manage payments - Keeping track of payment due dates and making payments to multiple creditors can be frustrating and make it difficult to manage the monthly payments. Debt Consolidation can help solve this problem by consolidating the debts so that only One Monthly Payment is made towards the debts.  Making One Monthly Payment towards debts also makes it easier to focus on getting out of debt since you will be able to see how much of your monthly payment is applied to reducing the debt balance.

Reduce total payback - Making minimum monthly payments to multiple creditors with different interest rates can make it challenging to understand the total cost of paying off debts, and prolong the time required to pay the debts off. Debt Consolidation may be able to provide total debt reduction by reducing the total payback of debts and reducing total time required to payoff the debts.

Debt Consolidation is ideal for anyone that is looking to get out of debt.  Common reasons why people are looking for Debt Consolidation help are:

Minimum Payment Trap

Debt Reduction

Debt Legal Action

Affordability Issues

People who are stuck making minimum payments without seeing the balances on their debts go down

People who need a plan to get out of debt by reducing the total amount required to payoff their debts.

People who are being sued for not paying their debts.

People who can no longer afford to make the required payments to service an payoff their debts.

There are different qualifications for a Debt Consolidation Loan VS Debt Consolidation program. Below is a summary of requirements to qualify:

Qualifications

Debt Consolidation Loan

Debt Consolidation Program

Good Credit

YES - Must have good credit

NO- Can qualify with good or bad credit

Financial Stability

YES - Must be able to prove that you can service your debts.

NO- Can qualify even if your debts are greater than your assets

Good Debt to Income Ratio

YES - Must be able to prove that you can afford payments

NO - Can qualify even if you can’t afford payments or have been delinquent on making your payments

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Debt Consolidation can be achieved by: Obtaining a Debt Consolidation Loan from a financial institution (like a Bank or a Credit Union); or enrolling in a Debt Consolidation Program.

Debt Consolidation Loan - This process involves getting a loan to pay off and consolidate existing debts.  The goal of a Debt Consolidation Loan is to combine existing debts and focus on getting a lower interest rate to reduce total amount required to payoff existing debts and to make One Monthly Payment. 

Debt Consolidation Program - A Debt Consolidation Program has the same purpose as a Debt Consolidation Loan: Reduce total amount required to payoff existing debts and Make One Monthly Payment. The difference is that a Consolidation Loan is not required which makes it easier to qualify. Rather than getting a loan to consolidate existing debts, Debt Consolidation Programs negotiate with existing creditors to reduce amount of debt that is owed. Once a settlement is agreed upon the negotiated balance is paid off thru the Debt Consolidation Program.  

Q. What type of debts can I consolidate?
A. Debt consolidation is ideal for most unsecured debts such as Credit Card debts, personal loans, personal lines of credit, payday advance loans, cash advance loans, medical debts, auto deficiency balances...etc.

Q. Do I have to have good credit to qualify for debt consolidation?
A. There are debt consolidation options for people with good credit and less than perfect credit. The type of consolidation will depend on the credit type, but there is a solution for every credit profile.

Q. How soon will I know if I am a good candidate for debt consolidation?
A. Getting approved for Debt Consolidation is fast and easy and usually takes less than 10 minutes.

Approval is GUARANTEED*. Process is FAST and EASY !

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Have more questions? Call us now: (877) 290-0586

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*Approval Guarantees are based on: Minimum of $10,000 in credit card debts and the ability of the client to afford a minimum of $250 monthly payments.

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Debt Consolidation Loan

  1. Must have Good Credit

  2. Must be able to prove that you can service your debts.

  3. Must be able to prove that you can afford payments.

Debt Consolidation Program

  1. Can qualify with good or bad credit.

  2. Can qualify even if your debts are greater than your assets.

  3. Can qualify even if you can't afford payments or have been delinquent on making your payments.
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Country Wide was an amazing help to me; they took over all of my credit card accounts, developed a payment plan I could work with and with their partnered lawyer team, ensured that I wasn't bothered further by any of the creditors during the entirety of my program.

Jennifer M.
Lakewood, California

4.5 Stars based on 1000+ Reviews

I have nothing but rave reviews about Countrywide Debt Relief. They did what they said in a timely professional manner. Our debt was relieved quicker than we ever thought possible. I would highly, highly recommend them!!

Carol D.
Brooklyn, New York

With 30+ years of combined experience in helping people find a solution to getting out of debt, CountryWide Debt Relief can help you find the Best Debt Consolidation Option. Here are a few reasons why you should consider CountryWide Debt Relief:

Debt Consolidation, Simplified!

Our team has 30+ years of combined experience. We can help you find the best Debt Consolidation option for you. Approval is GUARANTEED*

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Benefits of Debt Consolidation

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