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Debt Relief Options keyboard_arrow_down Debt Consolidation Credit Card Consolidation Debt Settlement Why we're Better Proven Results Who We Are FAQ Contact Us

Debt Consolidation Options

What is Debt Consolidation?

Debt Consolidation is a debt relief option that people utilize in order to get out of debt faster. 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 1 payment is made towards the debts. Making 1 Monthly Payment towards debts also makes it easier to focus on getting out of debt by allowing you to see where the payments are going and how the balances are being reduced on your debts.

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 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 debts.

Who needs Debt Consolidation?

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

Minimum payment trap

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

Debt Reduction

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

Debt Legal action

People who are being sued for not paying their debts.

Affordability issues

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

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:

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/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
Apply Now !

What Strategies are used for Debt Consolidation?

Debt Consolidation can be done 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 make it easy to manage monthly payments, and to reduce the amount of interest that is paid towards the debts.

Debt Consolidation Program - A Debt Consolidation Program has the same purpose as a Debt Consolidation Loan in that the goal is to consolidate debts so that only 1 Monthly Payment is required to be paid towards the debts, and to reduce the total amount required to pay the debts off. The difference is that a Consolidation Loan is not required which makes it easier to qualify. Rather than a Consolidation Loan to pay the debts off, Debt Consolidation program utilizes a Debt Relief professional. The Debt Relief Professional will negotiate with the creditors to reduce the amount of debt that is owed and once an agreed upon payoff amount is reached, payments are made towards paying the negotiated balances thru the Debt Consolidation Program.

Why Consider CountryWide Debt Relief?

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:

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See What Our Customers Say

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"… I was drowning in debt…My creditors were driving me crazy with the phone calls threatening to take a legal action against me if I didn't pay my credit card balances in full, hell I couldn't even pay the minimum payment… Countrywide debt Relief has done exactly what they said they would. Because of their negotiating skills my debt was reduced by 40-60% and I'm on my way to being debt free."

Larry S.
Lanesville, IN

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.

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*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.

Frequently Asked Questions

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.

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.

Getting approved for Debt Consolidation is fast and easy and usually takes less than 10 minutes.

Get Your Free Consultation Now!

Approval is GUARANTEED*. Process is FAST and EASY!

See If You Qualify

Call us now: (800) 594-3362

DISCLAIMER: Debt Consolidation Program (“Program”) also known as Debt Relief or Debt Settlement serviced thru CountryWide Debt Relief (“CWDR”) refers to clients who have enrolled in a Program with CWDR. Whereas CWDR shall work aggressively to negotiate the Program Debt, not all debts can be negotiated and not all creditors negotiate.  Individual Program results may vary and are based on but not limited to the ability of clients to save funds and successfully complete their Program terms and conditions, the amount and type of debts and creditors, history of accounts and financial standing of clients.  Any specific or general reference to “debt free”, “savings”, “eliminate” or “reduce” debts only refers to clients that have successfully enrolled and completed their Program resulting in all Program Debt being settled for less than the original balance enrolled. Any figures given or statements made are examples of past performances and are not intended to guarantee future results and CWDR does not guarantee that debts successfully enrolled in the Program will be settled, lowered by a specific amount or percentage, settled in a specific time period or that clients will be “debt free” in a specific time period. All Program terms and conditions are subject to change without notice and not all applicants are approved.  The Program is not available in all states and other restrictions apply. Read and understand all Program materials prior to enrollment, including potential adverse impact on credit rating. CWDR is not a law firm and does not provide any legal, bankruptcy, tax or accounting advice or credit repair services and anyone considering bankruptcy should consult a bankruptcy attorney. Please contact a tax professional to discuss potential tax consequences of the Program. Depending on your state, we may be able to recommend a Bankruptcy attorney. Depending on your state, we may be able to refer you to our lending partners for a Debt Consolidation Loan. Annual Percentage Rates provided by our lending partners range from 5.99% to 35.89%. Please note that calls with the company may be recorded for quality assurance.

**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.

*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.