Most creditors have in place special provisions available exclusively through our non-profit agency. These include lowering your monthly interest, reducing your payments and stopping costly fees. For families operating on a limited budget this provides you a way to get much more of your monthly payments applied to your principal balances and help preserve your credit score.

In addition consolidation is unique in that an allotment system is primarily used to consolidate your accounts. You set up one allotment and all of your creditors are paid. This gives you greater control and flexibility because all of your payments are being processed through one central payment center. In essence you could consolidate up to 10 or 20 individual creditors on one allotment; this will insure that your bills will continue to be paid. There is a soultion for you.

Finally a Power Pay analysis is performed for all of our clients. By performing this analysis we are able to accurately project the amount of time it will take to liquidate all of your accounts using a fixed monthly-consolidated payment. By combining our interest reduction plans with your personal power pay analysis we can create the fastest most efficient way for you to get out of debt.

HOW MUCH CAN I SAVE?

With interest rates typically at 18% to 28%, interest reductions can save our clients thousands of dollars. Creditors who allow reductions normally will reduce interest to one of the following rates: 14% 12%, 10%, 8%, 6%, and 0%. 

A credit card account with a $3,000.00 balance at 21% interest with a fixed monthly payment of $65.00 will take 8 years to pay off. The total paid would be $6215.04. The total interest paid would be $3215.04. 

If you took that same example ($3000.00 balance, $65.00 payment) lowered the interest to 10% the time required to pay off now would be 4 years 11 months. The total paid would be $3810.22. The amount of interest paid would be reduced to $810.22. In this one example we would have saved our client $2404.82 and paid off their account 3 years sooner. 

Our average client has over 5 credit cards and owes over $10,000.00. By providing the reductions we just described our clients can easily save thousands of dollars in interest and fees throughout the lifecycle of their accounts. 

To get started with Active Debt and their top notch debt consolidation services call 1-866-720-7483.