Debt Consolidation

How Does Our Debt Consolidation Program Work?

Debt consolidation is a debt relief option that can help you become debt-free faster. It serves two purposes:

It helps You Manage Your Payments

Juggling multiple payment due dates and creditors can be overwhelming and frustrating. Not to mention, it makes it easy to accidentally skip a payment. By consolidating your debt, you can roll your various obligations into a single amount owed so that you only make one payment – with a single interest rate – each month. This makes it easier to focus on paying down debt while allowing you to see where your payments are going. It can also help you more easily track your progress in chipping away at your balance.

It can Reduce The Total Amount You Pay Back

Making minimum monthly payments to multiple creditors with varying interest rates can make it difficult to understand just how much you are paying throughout the life of your loans. By consolidating your debt, you can reduce the total payback amount and the time it takes you to pay off your debts.

Through our reputable debt consolidation program, you will work with our financial experts to select a debt relief plan that works for your financial situation. We will help you consolidate your debts and negotiate the most favorable interest rate possible given your total obligation and your credit score.

Who can qualify for Debt Consolidation?

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

Do I Qualify for Debt Consolidation?

The requirements for debt relief and debt consolidation are different.

For instance, in order to apply for a debt consolidation loan, you need to have good credit and prove that you can cover your payments. For a debt consolidation program, however, you can have bad credit and may qualify even if your debts exceed your net worth.

Contact us if you have questions about whether you qualify for a loan or if we can help you consolidate your debts through our reputable debt consolidation program.

Proven Results

Case Study #17289 – Client from Lanesville, Indiana saved $89,155 by enrolling in CountryWide’s Debt Consolidation Program.

THE PROBLEM:

Client #17289 hired CWDR when a significant other in the household was injured in a boating accident resulting in loss of job and income. Due to the reduction in income the client could no longer pay the required monthly payments to creditor and needed to find a way to reduce the monthly payments.

THE SOLUTION:

CWDR was able to help client #17289 thru our Debt Consolidation Program. Client had $32,115 in debt. Thru the Debt Consolidation Program, we were able to help the client get out of debt in 45 months. Client paid back a total of $18,857 to get out of debt. If the client were to make just the minimum payments to their debts, the client would have paid back estimated $108,012. Client saved $89,155 by enrolling in CWDR Debt Consolidation Program.

MORE CASE STUDIES

*Do nothing option assumes making only the minimum payments on the debts each month with APR of 17% and minimum payment of 2% of the outstanding balance each month.
Source: creditcards.com/calculators/minimum-payment.php.
Savings illustrated is the difference between the total payments to CWDR and Total payments if just the MINIMUM monthly payments were being paid on the debts.