Frequently Asked Questions about Debt Consolidation Quotes

Here are the answers to the most commonly asked questions about debt consolidation quotes.

What is a debt consolidation quote?

A debt consolidation quote is an estimate of how much debt consolidation services can save you. Debt consolidation involves an agreement with your creditors to reduce your interest rates, monthly payments, and/or total amount of unsecured debt. Debt consolidation also combines your many, high-interest debts into one convenient monthly payment.

How do I apply for a debt consolidation quote?

You can apply for a free debt consolidation quote by clicking on "start now" anywhere you see it on this website. This will then take you to a short, easy online application for a debt consolidation quote. The application will take you 2-3 minutes to fill out, and you will then be contacted via telephone to complete the process. You can apply for a debt consolidation quote on both debt negotiation and debt consolidation with the same application.

Will debt consolidation hurt my credit?

The impact debt consolidation will have on your credit will largely depend on what type of service you choose. If you apply for a debt consolidation quote and choose a debt consolidation program, you will not damage your credit. In fact, debt consolidation often improves your credit score because it lowers your debt-to-income ratio and helps you avoid late payments. On the other hand, debt negotiation does have an initially negative effect on your credit because you have to stop making payments to your creditors temporarily. However, most good candidates for debt negotiation have already stopped making payments on their bills, so debt negotiation can only help.