Would you like to wipe out debt now? You can, if you leverage the services of a debt consolidation agency.
A debt consolidation agency acts as a mediator between you and your creditors, so that you no longer have to deal directly with them. The phone calls will stop. The collection notices will stop coming to your house. You will no longer receive any more bills from them. The agency will now be communicating on your behalf with your creditors.
They will negotiate a lower interest rate, lower monthly payments with each of your creditors, and a settlement for a lower payoff balance than what was originally owed on your debt. You will be making one flat monthly payment directly payable to the agency each month, instead of a separate payment to each of your creditors. Often, your debt will be paid off within a few short years.
The are a few things you need to be aware of when enlisting the help of a debt consolidation agency. Firstly, you must make your new monthly payment on time every month. It is possible that your creditors may cancel the negotiated payment plan if you are late on your payments again.
Secondly, your credit score will take a hit for the duration that you are on the consolidation plan, although it will recover once you have paid off your debts in full. Thirdly, a modest portion of your monthly payment will be paid toward the agency as a fee for their service, but this is negligible when taken in the context of the debt relief you will be experiencing in the long-term.
Above all, a debt consolidation agency is an excellent conduit to help you to wipe out debt now, and not later! Instant debt relief can be yours!