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 How does the program work?
Your certified repayment rep will contact you after reviewing your information.
No obligation, no fees. The rep will then contact your creditors to
have your interest rate and monthly payments lowered so that that your monthly payments will be affordable. You will no longer pay your
creditors directly, but will make monthly payments directly to the
debt consolidation office. Each month, on a date that you specify, your payments are sent to your creditors.
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Why do creditors agree to lower monthly payments?
Creditors agree to lower your monthly payment when you are working through a consolidation company because you are, in fact,
trying to pay your debts. Your creditors lose money if you default on your loan or file bankruptcy. If they compromise and accept
lower interest, it is much more likely that they will be able to collect more of what is owed. MadDebt.com is able to work out an easily affordable plan.
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Will debt consolidation affect my credit rating?
Debt consolidation is often viewed by creditors as a positive, good faith effort on your part to repay your debts and can actually
improve a damaged credit rating.
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Do my creditors participate in the debt consolidation program?
We work with all major credit card companies, department stores, medical clinics and hospitals and are generally able to negotiate with all
your creditors.
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How do I know if I qualify for your program?
You automatically qualify if you are carrying unsecured debt such as credit card or personal debt. If you are seeking to get on the right financial
track, then fillout the form at left for a free, no obligation, new monthly debt payment quote.
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Will I still receive collections phone calls?
After agreeing to work with MadDebt.com, office calls from collectors will gradually lessen as they begin to
handle your debts. Generally, within a short period, the calls will stop as it becomes known that you are working to pay off your debts.
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