Debt
consolidation is a process by which we negotiate with all of your
creditors to obtain the lowest monthly obligation needed to satisfy
all of your current accounts.
So you
pay one "lump" sum monthly which is in turn portioned out to your
creditors. This monthly payment will in almost all cases be lower
(perhaps by as much as 50%) than the sum of your individual account
obligations.
The
reasons why our negotiated monthly payment is lower than the sum of
your individual accounts is as follows:
We are a
non-profit corporation committed to assisting consumers who have had
the unfortunate experience of becoming over extended with consumer
debt. In addition to our debt consolidation program in which you can
become a member of, we also provide you educational information. Our
credit counseling site is designed to assist you in taking charge of
your credit.
American Debt Foundation