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Most debt consolidation services work by consolidating your debt into one loan. The debt consolidation service will pay off all of your debt balances and then make a loan to you for the amount of your debt plus any service fees. Normally the consolidated loan will have a lower interest rate than your previous debt balances.

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14y ago
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Credello

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3y ago

With a debt consolidation loan, a company fronts you the money to pay off your debt (or a portion of your debt), so then your monthly debt payments get streamlined into the one loan payment. Your debt consolidation loan ideally has a lower interest rate so you can save on interest as you pay it off.

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Q: How do debt consolidation services work?
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What are some credit card payment consolidation hotlines that work?

Careone credit, Debt consolidation care, Consumer Credit and Debt Consolidation Services, Curadebt, Debt Options, and Net Debt all have three star ratings or higher for credit card payment consolidation. I would recommend any of their hotlines over competitors.


What are some companies in Dallas that offer loan consolidation services?

There are a few companies to choose from when searching for loan consolidation services in Dallas. An aptly named company is: Debt Consolidation Dallas which offers services for consolidating debt, debt counselling, debt solutions etc. and takes payment from all major credit cards.


How does non profit credit card debt consolidation work?

Non-profit debt consolidation companies are able to offer their services at little to no charge because of funding. They receive funding through donations and/or government grants.


Where can one get a credit card consolidation loan?

There are many companies that offer credit card consolidation services. Some of these include National Debt Relief, CuraDebt, and CareOne Debt Relief Services.


What types of services does Bank of America offer its customers looking for debt consolidation?

There are many services offered by the Bank of America for its customers looking for debt consolidation. Services offered by the Bank of America for its customers looking for debt consolidation include low credit card balance transfer rates, home equity loans, and an unsecured line of credit.

Related questions

Are debt consolidation services available in the state of Texas?

There are a number of debt consolidation services available to people all across the state of Texas. You can find a list of services through searches by state, city, and county by going on the debt consolidation services website.


What are some credit card payment consolidation hotlines that work?

Careone credit, Debt consolidation care, Consumer Credit and Debt Consolidation Services, Curadebt, Debt Options, and Net Debt all have three star ratings or higher for credit card payment consolidation. I would recommend any of their hotlines over competitors.


What services are available to ease consolidation of debt?

Some services that are available to ease debt consolidation include National Debt Relief, DebtWave Credit Counseling, Premier Debt Help, and InCharge Debt Solutions. National Debt Relief is the highest rated of all of the services listed.


What are some companies in Dallas that offer loan consolidation services?

There are a few companies to choose from when searching for loan consolidation services in Dallas. An aptly named company is: Debt Consolidation Dallas which offers services for consolidating debt, debt counselling, debt solutions etc. and takes payment from all major credit cards.


What businesses offer consolidation debt free services?

Finance and cash loan companies will offer debt consolidation services, along with many banks, credit unions and building societies. Newer companies are now appearing that specialize only in debt consolidation.


How does non profit credit card debt consolidation work?

Non-profit debt consolidation companies are able to offer their services at little to no charge because of funding. They receive funding through donations and/or government grants.


Which companies can help one get out of debt?

"There are several debt consolidation services, such as Care One Credit. Also, many companies call themselves a debt consolidation alternative, such as In Charge."


Where and how can i find debt consolidation care/services?

Dave Ramsey has a good website and description of Debt consolidation care and/or services. Follow the link below for more information: http://www.daveramsey.com/article/the-truth-about-debt-consolidation/


Where can one get a credit card consolidation loan?

There are many companies that offer credit card consolidation services. Some of these include National Debt Relief, CuraDebt, and CareOne Debt Relief Services.


What does the Christian debt consolidation services do?

Christian debt consolidation services help honest Christians consolidate their debt into one easy payment per month. They use biblical principles of honesty and commitment to help those in need.


Is there a website that I can find the best credit consolidation services?

I found a website that reviews three different debt consolidation services based on specific criteria. That website is www.debt-consolidation-reviews.org.


How can debt consolidation help people in debt to the goverment?

Not much, unfortunately. The IRS is generally not willing to work with CCCS. If you can obtain a private debt consolidation loan, that will still work, however.