Debt reduction or debt consolidation combines all of your unsecured monthly bills into one, lower monthly payment with a lowered interest rate. The service that iDebtAssistance provides is NOT A LOAN. However, we are able to assist our clients in drastically reducing their overall interest rate, monthly payments, and, most importantly, pay-off time. We offer our service through a non-profit credit counseling agency that is designed to assist consumers in the repayment of their unsecured debt. Creditors receive certain tax savings for contributing to the program, in return they offer reduced interest amounts sometimes as low as 0%. Only non-profit credit counseling agencies like ours can offer you the services to get you the best rates.

A certified, experienced credit counselor will contact your creditors to negotiate your interest rates and monthly payments into a reduced amount that you can afford to pay. Many credit counseling agencies already have working relationships with these creditors, and they will know exactly how to negotiate what’s best for you! In addition, you no longer pay your creditors directly. All of your debts are consolidated into one manageable reduced payment to the credit counseling agency. The credit counseling agency, in turn, pays your creditors, on your behalf, monthly. Your iDebtAssistance application is kept confidential.

Most credit counseling agencies can negotiate options that will dramatically lower your overall monthly payments, as well as your collective interest charges. Often times, they can negotiate zero interest re-payment plans!

If you are having problems paying your debts on time or see them accumulating too fast to keep up in payments, then you are a candidate for debt consolidation. Our counselors will determine what options are best for your financial situation.

Nothing! Because you are working with a non-profit credit counseling service, many of your creditors can use your account consolidation as a tax write-off due to “lost interest charges.” Through debt consolidation services, they almost always recoup the principal amounts owed on your account(s). Remember, your creditors are not lowering your interest rate, but instead making it easier for you to make smaller payments. They know that if they don't help you out a little you may file bankruptcy and could likely collect nothing in return.

All creditors have minimums that must be met before entering the program. Once a counselor looks at your financial situation, your payment will be based on the different creditors and balances you have.

Once you are enrolled into our debt consolidation program, your collection calls will soon begin to dissolve as the non-profit credit counseling agency begins to shape up your accounts. Within as little as 2-4 weeks, you should see a decrease in those pesty calls, this time for good! If they do continue, you can refer them to the program’s center.