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Frequently
Asked Questions
 Q:
Why do creditors work with Debt Consolidation Masters?
A: Creditors are recognize the importance of professional debt advocate
companies like DCM. In fact, in order to avoid losing all payments to
client bankruptcy, we have found that most creditors are willing to grant
concessions to our clients in the form of reduced interest rates and lower
monthly payments, with the understanding that they will at least receive
the principal back under a restructured plan.
Q. Should
I consider declaring bankruptcy to avoid paying my debts?
If you are in the midst of a financial crisis, understand that choosing
bankruptcy is a drastic option that should always be the last resort.
Choosing bankruptcy can effectively destroy your credit for up to 10 years.
In fact, most bankruptcy clients have extreme difficulty obtaining credit
in the future. With our debt consolidation alternative, you repay your
obligations at a faster rate, at reduced interest charges, without the
dire stigma of bankruptcy.
Q: What
types of debt can I consolidate?
A: Any unsecured debts such as credit cards, credit lines, department
store cards, judgements and liens, student loans, medical bills, business
debts, collection accounts, past due payables, and unsecured personal
loans qualify for consolidation in our program.
Q. What
exactly is debt consolidation?
Debt consolidation is the process by which we negotiate with your creditors
and create a repayment plan that best benefits you. Under our program,
monthly payments are lowered and interest rates are reduced - often to
levels approaching 0%! This way, you save thousands of dollars in interest,
and experience much shorter payoff times.
Q. Who
does your company serve?
We specialize in serving individual consumers in the United States. This
includes all 50 states.
Click
here to contact us for a free, confidential consultation.
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