Consolidation Plus Reviews

How Does Consolidation Plus Work?

With a Consolidation Plus mortgage, you would repay all your enrolled debt and consolidate it right into a single cost as an alternative of ready on your debt settlement program to resolve one debt at a time.

Our Mortgage Consultants Contact You

In case you are eligible for a Consolidation Plus mortgage,* considered one of our mortgage consultants will contact you to elucidate this system and enable you resolve if the mortgage matches your wants. Then, they may invite you to finish an utility and ship in paperwork relating to your financial institution info and revenue for us to evaluate.

Apply for a Mortgage

We evaluate your utility inside 2-Four enterprise days and, in the event you qualify, prolong a mortgage provide to you. In case your utility is authorised, you may select to begin your Consolidation Plus program immediately. Merely evaluate the main points along with your mortgage marketing consultant, signal the settlement, and return it to us. We maintain the remainder.

We Use the Mortgage to Pay Off Your Collectors

When you join Consolidation Plus, your debt settlement firm will use the funds out of your mortgage to hurry up your settlements and pay the negotiated quantities upfront. As an alternative of ready for funds to construct up in your account, all your excellent money owed are settled along with your collectors in a single lump sum.

You Repay the Mortgage

After your debt has been settled, your debt settlement program is full and also you begin repaying your Consolidation Plus mortgage. You possibly can handle your Consolidation Plus account in your on-line Borrower Dashboard. You possibly can pay by examine, over the telephone, or with ACH computerized funds. Relying in your mortgage phrases and the way a lot you may pay every month, you would repay your mortgage inside 24-72 months.

Debt Freedom

After you have paid off your Consolidation Plus mortgage, you’ll be freed from the debt you enrolled in your debt settlement program.

What’s the Distinction Between a Debt Settlement Program and a Consolidation Plus Mortgage?

Should you’re eligible for a Consolidation Plus mortgage and have been contacted by a mortgage marketing consultant, it’s vital to know how Consolidation Plus might be a greater various than debt settlement.

Assortment Calls

Whereas debt settlement applications have helped tens of hundreds of individuals get out of debt, debt settlement may depart you open to assortment calls and lawsuits. A mortgage may finish your debt settlement program years upfront, eliminating assortment calls.

Settle Your Debt Quicker

Consolidation Plus gives your debt settlement firm with funds to settle your debt quicker.

Why Select Consolidation Plus?

With over $1 billion consolidated since 2011, Consolidation Plus has helped hundreds of individuals attain their purpose of overcoming debt.

As a member of Freedom Monetary Community, we're dedicated to serving to folks overcome debt and begin on the trail to a brighter monetary future. We care about serving to shoppers enhance their monetary lives and delight ourselves on providing glorious customer support all through their mortgage reimbursement.

Who Is Eligible for a Consolidation Plus Mortgage?

Shoppers who're enrolled in sure debt settlement applications might be eligible for a Consolidation Plus mortgage. You could display a capability to make deposits to your particular function account on time each month, amongst different {qualifications}.

Credit score rating isn't a significant component that impacts our choice to supply our debtors with a mortgage. We choose debtors primarily based on their dedication to their debt settlement firm, amongst different components.

If considered one of our mortgage consultants contacts you, you might be eligible for a Consolidation Plus mortgage.* Since our loans are invitation-only, you can't apply for a Consolidation Plus mortgage with out being invited to take action first.

INTEREST RATES

Like many different consolidation loans, Consolidation Plus loans have a set fee—which means your fee by no means goes up so long as you keep present in your mortgage funds. Your mortgage fee is decided by your monetary historical past, credit score utilization, and different components. Whereas sure lenders weigh your credit score rating closely when deciding whether or not to lend to you, your credit score rating isn't a significant component that Consolidation Plus considers when figuring out who we must always lend to.

TERMS

The size of time it's a must to pay again the mortgage, often known as you mortgage time period, typically spans from 24-72 months. The common time period for a Consolidation Plus mortgage is 48 months.

LOAN AMOUNT

The quantity you may borrow on a consolidation mortgage varies by lender. With Consolidation Plus, you would borrow $5,000-$65,000, relying on the quantity your debt settlement firm must settle your debt along with your collectors.