Debt Relief Solutions Free Info from MoneyAnswers.com

   
   
 

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Debt Relief Solutions

 

1-800-4-DEBT HELP

 
If you are feeling overwhelmed by unsecured debts such as credit cards, installment loans, student loans or medical bills, then Debt Relief Solutions can probably help you. They combine all of your debts into one consolidated payment and obtain much lower interest rates from your creditors than you would ever be able to do on your own. Typically, they will obtain rates of 6% to 11%, and occasionally, even get your interest eliminated altogether. 

They do NOT make a new loan of any kind - not a debt consolidation loan, not a home equity loan and not a new credit card. Instead they consolidate your debts into one payment and then they disburse your money to your creditors until your debts are paid off. 

When you join a DRCH Debt Management Program (DMP), it usually appears on your credit report as a Consumer Credit Counseling item for large creditors, such as credit card issuers, who report it that way. Most smaller creditors, like medical offices or local retailers, tend not to report your participation in a DMP program on your credit. In any case, Fair, Isaac Company, which produces the model for FICO credit scores, says that a DMP is a - neutral - event on your report, not making your credit score better or worse. In applying for future credit, some creditors may not count DMP as a negative and others might. 

In either case, the Debt Relief Solutions agency handling your account will write you reference letters and support your application for credit in other ways that CCCS agencies will not. This support has helped thousands of DRS clients get loans that they would not have qualified for otherwise. 

When you call the toll-free number listed above, you will be asked to leave your name, address and phone number, and then a qualified debt counselor will call you back for a no-obligation consultation within a day or so. 

1-800-4-DEBTHELP

www.DebtReliefSolutions.com


 

 

 





 

      

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