How It Works
Learn more about how to repair bad debt here. We'll explain more about debt consolidation, discuss who qualifies, and discuss how our sign-up process works.
About Debt Consolidation
Debt consolidation is a very effective and affordable route to repair bad debt. Consolidation can help you repair bad debt by getting you out of debt in an average of just four to eight years and improving your credit score. You can improve your credit through debt consolidation because you will lower your debt-to-income and debt-to-capacity ratios, which are key determinants of your credit score. Debt consolidation works by negotiating reduced rates of interest with most major creditors before you even become a customer. Once you sign up to repair bad debt, your consolidation service will consult their rate sheet for your particular creditors and then assign the reduced interest rates to your accounts. Your new payment is then calculated based on these rates. Afterwards, you make one payment each month to your consolidation service, and this payment is then automatically split among your creditors. Check out our why repair bad debt page for more information.
Qualifying to Repair Bad Debt
Almost anyone can qualify to repair bad debt with debt consolidation. You just need to meet the following criteria:
- Have at least $5,000 of unsecured debt
- Fairly current on payments
- Willing to cancel credit cards included in consolidation
- Not currently enrolled in debt consolidation program
Signing up to Repair Bad Debt
You may request repair bad debt with debt consolidation in just a few minutes on our site. Here is how the process works:
- Complete our sign-up form. Your first step is to fill out our online sign-up form. The form will take only a couple minutes to complete, is free to fill out, and comes with no obligation.
- We connect you with a consolidation service. After you submit your information, we shall put you in touch with a quality debt consolidation service that can aid you repair bad debt.
- Get a free quote on debt relief. Your service can then provide you with a free quote on debt consolidation services.
