Q1: What's the minimum balance I can consolidate?

A: You must have an outstanding balance of at least $5,000 in eligible credit card debt to consolidate under this program.

Q2: I have credit card debt and/or unsecured debt, but I also have bad credit. Can I still consolidate?

A: Bad credit, poor credit? No problem! There are no credit checks and no co-signers required for "debt-consolidation." We work solely with the debts you owe on, and nothing else.

Q3: Do I have to extend my terms when I consolidate?

A: Absolutely not! You can keep your payments and the terms the same. Also, you can customize it as low as 5 years (60 months). Keep in mind, there is no prepayment penalty.

Q4: Can I switch my repayment option later on?

A: Yes.

Q5: What are the benefits of applying during a grace or deferment period?

A: When you apply for "debt-consolidation" during a grace or deferment period (authorized time periods when payments are not due), you are eligible for a further reduction of your consolidation loan interest rate. That's because during these periods, your variable loan interest rate is .6% lower than during active repayment.

Q6: Do I get a grace period on my consolidation loan?

A: No, once you have been notified that your consolidation loan has been disbursed, you will begin repayment within 30 days.

Q7: What do I do while my debts are being consolidated?

A: Continue to make your regular monthly payments! If they become delinquent or go into default, your consolidation loan will be delayed.

Q8: Who will I pay each month?

A: Once your debts are consolidated, you will receive a payment book containing all the information you will need about your new loan servicing center.