Online Debt Consolidation

Set up an online debt consolidation program without meeting with a loan officer. In fact, you can get debt consolidation online without even taking out a loan. Non profit credit counselors review your debts, income and assets and recommend a program that offers you lower monthly payments, one consolidated payment and a way out of debt in 3 to 5 years.

About Free Online Debt Consolidation and Credit Consolidation

Why work with a Non Profit for Online Debt Consolidation?

Non profit credit counseling companies are dedicated to improving the financial lives of the people they serve. When you work with a non profit credit counseling agency, you will be treated to high quality credit counseling and debt relief solutions that are best-suited to your situation, not driven by a sales commission or profit motive. Many for-profit financial institutions are criticized for offering products, services and advice that benefit the firm’s bottom line more than the client.

InCharge is a 501(c)(3) non profit organization. Our mission is to help you find debt relief and our advice is based on the details of your personal situation. We may tell you that bankruptcy is your best option and refer you to a bankruptcy attorney. We may recommend our debt management program: a program that consolidates your payments into one, and request lower interest rates from your creditors on your behalf. Our counselors may determine that you qualify for a government housing program that can lower your monthly mortgage payments. As a nonprofit, we help you regardless of your ability to pay for counseling and other services.

What is Non Profit Debt Consolidation?

Non profit debt consolidation, also known as a debt management plan, is a debt relief solution that may be recommended to you after completing a credit counseling session. You can start a online counseling session or call the number on the right to speak with a certified credit counselor. During the session, you’ll identify the root cause of your financial problems, develop a personal budget that maximizes savings, and be provided with a debt relief solution that best meets your personal situation. One potential solution is the debt management program. Here are the features of this program:

  • Consolidate credit bills into one easy monthly payment
  • Pay off your debt faster (debt free in 3-5 years)
  • Lower your interest rates regardless of credit score
  • Stop collection calls
  • Eliminate late fees and over-limit charges
  • Build a realistic budget and financial plan you can follow

We may also provide you with referrals to governmental and non profit organizations that can help you improve your overall personal  financial situation.

Consolidate Credit Card Bills With A Debt Management Program

Are you paying 5, 10 or more credit card bills every month? One of the most popular features of a nonprofit debt management plan is that it can consolidate credit card bills into one monthly payment. This feature makes it easy to pay your bills on time, avoiding missed payment and late fees.

Get Started Now on a path to financial freedom with online credit counseling. If you’d prefer to speak with a live credit counselor, call the number on the right.

Online Debt Consolidation Loans

Here’s a news break: not everyone enjoys sitting across the table from a banker and spilling their financial guts. Enter the internet: the latest marketplace for debt consolidation loans. Did you know you can get a debt consolidation loan online, without ever having to speak to a person? If the debt consolidation alternative isn’t for you, consider these online consolidators.

Susan is looking for an online debt consolidation loan to consolidate her 12 credit cards into one monthly payment, with a lower average interest rate. She doesn’t have time to meet with a loan officer and would like to handle the application, document submission and approval process online. The good news is, in the age of the Internet, there are a number of places that Susan can turn to for online debt consolidation loan.

  • Lending Club: Lending Club is a peer-to-peer lender where borrowers fill out a profile and apply for a debt consolidation loan online. Lending Club uses a proprietary formula to score borrowers and tier interest rates, including credit score. Susan qualifies for a $10,000 loan, funded in $25 chunks, by 400 lending club investors (lenders). Her interest rate is 12.5 percent, which is about half of what she is currently paying for her credit card debt.
  • Prosper: Prosper is another online debt consolidation loan option. Maximum loan amounts are $35,000, average interest rates ranging between 5.99 and 36 percent and a “closing fee” paid to Prosper of approximately 1 percent of the loan.

Online debt consolidation loans with bad credit is possible, but your interest rate will be higher. It may not be any better than what you are currently paying on your credit cards, so before you enter into a repayment agreement, consider the debt consolidation alternative detailed above.