Frequently Asked Questions about Express Debt Consolidation

Here are the answers to the most commonly asked questions about express debt consolidation.

What is express debt consolidation?

Express debt consolidation is a service that combines your many, high-interest debts into one monthly payment. Express debt consolidation works by applying pre-negotiated reduced interest rates to your accounts. Your consolidation service will have already negotiated lower rates with most major creditors. These rates are then passed onto you when you become a customer.

What can express debt consolidation do for me?

Express debt consolidation can lower your monthly payments, reduce your interest rates, help you get out of debt faster, and improve your credit. Express debt consolidation can also reduce the hassle of having to deal with multiple creditors each month. Once you consolidate, you will only make one payment to one creditor each month. For more information, please visit our express debt consolidation services page.

How do I apply for express debt consolidation?

You can apply for express debt consolidation by filling out our free, online application. Our application comes with no obligation and will only take a few minutes to complete. Once we receive your application, we will contact you to explain more about our services and determine how we can best help you.

How much does express debt consolidation cost?

Express debt consolidation services usually charge a commission and a monthly administrative fee. The commission is a one-time payment that you will usually make with your first monthly payment to the service. The commission is usually the amount of your new monthly payment. For instance, if your monthly payment were reduced from $600 to $250, your first monthly payment would be $500, $250 in commission and $250 for your normal payment. Most express debt consolidation services also charge a monthly administrative fee that is either a flat fee or a per-creditor fee. The fee usually ranges from $10-$40.

What types of express debt consolidation services do you offer?

We offer two types of express debt consolidation: debt consolidation and debt negotiation. Debt consolidation reduces your interest rates and combines your debts into one monthly payment. Debt negotiation is for customers with very high levels of debt and who might be in danger of bankruptcy. In debt negotiation, we will negotiate to reduce the total amount of your debt with your creditors. On average, we are able to reduce our customers' total debt by 40%-60%.

Will express debt consolidation affect my credit?

No, express debt consolidation will not negatively influence your credit. In fact, for most of our customers, debt consolidation improves their credit scores. Debt negotiation, on the other hand, does have an initially negative impact on your credit.