Questions and Answers.

To help you with the many questions you may have regarding debt consolidation we have put together this list of frequently asked questions.

If your question is not answered here please feel free to contact us.

Q: Do I Have To Give Up All Of My Credit Cards?
A: No. Unlike many of the Credit Counseling Services available today, All States Debt Consolidation will consolidate only the debts you ask us to.

Q: Is Debt Consolidation Expensive?
A: No. A small Debt Management Fee is added to your monthly payment. With our Debt Management Fee included, your monthly obligation is usually less than what you are currently paying. There are no upfront fees, and the Attorney Representation is included.

Q: Is Debt Consolidation Similar To Bankruptcy?
A: Absolutely Not!!! Debt consolidation is for people who want to pay what they owe and have the ability to obtain more credit in the future. Bankruptcy is designed to absolve you of all your obligations and results in long term negative effects on your credit status.

Q: Why Would My Creditor's Agree To Drop Interest Rates When They Are Getting 20% Average From Me?
A: Your creditors are willing to work with us because of the tremendous amount of debt which exists today. We have established excellent relationships with all of the major creditors. So they are happy to work with us, because we provide people with a way to pay what they owe, instead of declaring Bankruptcy.

Q: Will Debt Consolidation Damage My Credit?
A: If you are delinquent on your accounts now, we can get your creditors to re-age your accounts and show them current. If you pay your bills on time, but have too much credit, and you are not getting ahead by making minimum payments, by reducing your debt to income ratio, you will improve your credit.

Q: Why Should I use All States Debt Consolidation Instead of a Nonprofit Organization?
A: Nonprofit debt consolidators are paid by the creditors and impose budget requirements on you. In most cases, they will not allow you to keep any credit cards, and they report to the Credit Bureaus. This is a conflict of interest. At All States Debt Consolidation, we work for our clients.

Q: Can All States Debt Consolidation. Repair My Credit?
A: All States Debt Consolidation is not a credit restoration service. However, by reducing your debt to income ratio your credit rating will improve over time if it has been damaged before. All States Debt Consolidation takes every precaution to minimize any damage to your credit as a result of debt consolidation.

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