Ask a Certified Credit Counselor

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What happens after I fill out the FREE Application?

One of our certified credit counselors will contact you to help you assess your situation and develop a household budget.

Your counselor will ask you to verify your address in order to send you a free copy of FDM's personal financial literacy guide entitled "Your Money".

If your personal household budget or spending plan shows that you can afford to repay your creditors; a Debt Management Plan will be developed for you consolidating all of your unsecured debts into a single monthly payment with interest rate concessions negotiated with your creditors.

A "DMP" is quoted based on our best estimate to have you out of debt within in five years as opposed to the twenty to thirty years it would take making minimum payments at the exorbitant interest rates most credit cards charge.
What is credit card debt consolidation?
A process where we utilize our relationships with creditors to provide you with one monthly payment, lower interest rates, and the elimination of late or over limit fees. This enables you to save thousands of dollars as well as years of payments.
Do I have to have good credit to qualify?
As long as we have relationships with your creditors and you are able to make a monthly payment towards your debts we can qualify you for our consolidation.

How long will it take to pay off my debts?
This depends on your mix of creditors as well as your monthly payment. We do not charge a prepayment penalty. Any additional funds you send will be applied directly to your principle and will result in you saving even more money on the reduced interest charges.

Do you provide loans?
No we do not provide loans. We provide a debt consolidation service which will allow you to satisfy your current debt obligation by consolidating and without incurring more debt.

Can debt consolidation help to improve my credit?
Yes! By reducing the amount of debt you owe, known as your debt-to-income ratio, can help to make you more appealing to the lenders. As well as if you are behind in your debts re-aging of your accounts will show you as current once again.

What type of debts can you include in consolidation?
Almost any unsecured debt can be included. Credit cards, personal loans, medical bills, student loans, IRS, old utilities and collections, as well as other unsecured debts.

Can you consolidate things like a home mortgage or a car loan?
No, we work only with unsecured debt. Unsecured debt is not backed or underwritten by an asset like a home or car.

Do I have to include all my debts in consolidation?
No. With our company you have the ability to tailor the consolidation that fits your needs best. Unlike others we do not mandate which debts you include.

Will my creditors continue to call once I start my debt consolidation?
No. Once we process your consolidation they will stop calling you and deal with us directly. The only contact you should have is monthly statements from them showing your balances dropping as we accelerate you out of debt.

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