Debt Consolidation Services

The Norm

This method of relief is common, yet risky debt advice among debt and mortgage professionals. In most cases this plan typically converts unsecured debt to some form of secured debt (asset backed), providing a lower interest rate and payment, as compared to the original debts. Debt consolidation is common during times of rising home values, where consumers often leverage the equity in their real estate portfolios, in order to eliminate unsecured debt. This type of transaction while effective can set the stage for disaster, as it becomes easy to feel good about using the original credit lines, for additional purchases. It’s not uncommon for many consumers to wind up back in debt, without the required discipline and financial management.

Other Methods

Other less common options to achieve debt consolidation or debt elimination include; replacing high interest rate credit card debt with either an unsecured loan or making balance transfers to lower interest rate credit cards. Today’s uncertain economic climate has made it more difficult to use these options, as in both cases, the consumer needs to be an above average credit risk for lenders to feel comfortable, in providing this type of loan or credit facility.

Trusted Debt Advice

The debt specialists at Emerge America are well versed at providing debt advice on all types of debt management programs, which include debt consolidation, debt settlement, loan modification and consumer credit counseling.