Q. What is Debt Consolidation?
A. This IS NOT A LOAN -This program was designed so that you do not need
to borrow any more money. Debt Consolidation is the combining of all
your unsecured monthly bills into one lower monthly payment. To help
get you out of debt as quickly as possible, we will lower your interest
rates and reduce and/or eliminate any finance charges. This will dramatically
reduce your overall debt and dramatically reduce your pay off time.
Our unsurpassed client services department coupled with our industry experience
will get you there quicker and give you the financial freedom you deserve!
Q. Why would my creditors agree to lower my Interest
rates?
A. Bright Credit Counseling is in association with a licensed Credit Counseling Company. Because of our credit counseling agency's unique position, banks qualify for tax credits from the government when they cooperate with us.
Q. How does the program work?
A. After your initial consultation and budget review, a certified credit
advisor will contact you to confirm all of your outstanding debts.
Once you enroll in our program, our agency contacts your creditors
to get your interest rates and monthly payments reduced to an amount
that you could afford to pay. By using the most advanced computer software
in the industry our agency is able to operate more efficiently then
most other companies. What this means to you is better service, and
an easier transition into our program. In addition, you no longer pay
your creditors directly. All of your debts are consolidated into one
manageable reduced payment made to us monthly. In turn, our agency
disburses all your payments to your creditors on the date specified.
Q. Will I still receive harassing phone calls?
A. Upon enrollment into our debt management program your collection calls
will begin to dissolve. Within as little as 2-4 weeks you can begin
to answer your telephone again knowing it will not be a creditor.
Q. Why shouldn't I just file Bankruptcy?
A. Filing bankruptcy should be your last resort in solving your financial
problems. It will have a negative affect on your credit report for
up to 10 years. You will also have to deal with attorneys and pay court
and filing fees. Most lending institutions won't even consider a credit
application involving a bankruptcy.
Q. Will consolidation affect my credit rating?
A. Creditors view debt consolidation as a positive statement because
you are making on time payments and a concerted effort to resolve your
debt. We do not report to any credit bureaus.
Q. What is an Unsecured Debt?
A. An unsecured debt is any loan or debt that has no tangible assets
or property attached to it. The most common types of unsecured debt
are: credit cards, department store cards, medical bills, old utility
bills, and personal loans. All types of unsecured debt can be consolidated
on our program.
Q. What is Secured Debt?
A. Secured debt is a loan or debt that is collateralized by personal
or real property. The most common types are mortgages and car loans.
Secured debts are generally not accepted through the consolidation
process.
Q. Which creditors participate in your Debt Consolidation Program?
A. Participants include all major credit card companies (Visa, Mastercard,
Discover), department stores, medical clinics and hospitals, and some
student loan bureaus to name a few.
Q. How do I know if I qualify for your program?
A. Anyone with at least $3,000 of unsecured debt (credit cards, dept store
cards etc), can qualify. If you are seeking to rid your life of this financial
burden, then click here for a free quotation.
Improve your credit reports and credit scores with our Credit Improvement program. We offer innovative debt relief solutions for consumers struggling with large debt burdens. At Bright Credit, we can help you achieve the highest credit score possible. We strive to help our consumers out of a variety of debt and credit situations to improve their financial standing. We provide the best solutions to the consumers with serious debt problems. Learn more about our Debt Management, Debt Settlement, Loan Modification & Credit Improvement Services and discover how these services can help you save lots of money.
Our Debt Management program can help you manage your existing debts, figure out how long your credit card balances will last and how quickly you can pay down your debt. Debt Management is one of your best tools to fight your growing problem. Our program is beneficial to those who have borrowed a huge sum from their creditors, have high interest rates, and are facing difficulty in repayment.
Debt Settlement is a fast, easy and effective way to eliminate your debts. Debt Settlement is increasingly being adopted as a popular means to get out of credit card debt. Debt Settlement is also known as Debt Arbitration or Debt Negotiation, it is an aggressive approach to debt reduction which may be appropriate for debtors with substantial debts and who are considering bankruptcy. Debt Settlement is always to great option. Debt Settlement is more popular now then ever before.
Are you stuck in credit card debt? Do you ever wonder if there are steps that you can take to repair your credit? Credit Improvement is especially meant for those people who have credit woes like late payments, collection accounts, and other negative items on their credit report. At Bright Credit, we help consumers get out of debt, improve their credit, & become financially free. Our Credit Improvement Program helps you achieve the highest credit score possible.
Loan modification agreements come in different forms but quite frequently they involve the reduction of mortgage's interest rate for a specified period of time so the homeowner can continue to make payments and stay in the home. Loans can also be modified so they have a longer amortization term (e.g. 40 year instead of 30 year) which will cause the payments to decrease. Principal writedowns are rare, but they do indeed happen where the bank actually writes down some of the principal amount. See how Bright Credit can help your Mortgage with a Loan Modification today!
Bright Credit Certifications
ICFE Certified In Identity Theft
ICFE Certified in Credit Report Analysis
Find all the Debt Relief information you need at Bright Credit. Our debt relief services include Credit Card Debt Settlement, Debt Settlement, Debt Negotiation & Loan Modification. We help you get out of debt, improve your credit & become financially free.
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