What should you know about the Debt Consolidation company?
If a debt is becoming a burden to your head, opt for debt consolidation programs and get relaxed. There are a lot of debt relief companies who are ready to help you with the debts. But choosing the right debt settlement company or debt consolidation company is not an easy task.
What do you mean by a debt consolidation?
Debt Consolidation comes under the debt relief program that allows you to take a new loan and pay your outstanding debts. In some of the cases, it helps in reducing the total amount to be paid by reducing the rates of interest. The borrowers get more time to repay the debt amount.
Benefits of debt consolidation
- Your debt consolidates into one monthly statement instead of multiple payments.
- Lower interest rate which indicates an overall less payment.
- Lower payment will help you pay off your debts more easily and quickly.
Debt Consolidation Company: What to look for?
Given below are some of the factors you must look for in a debt consolidation company.
One of the best services a good debt consolidation company will offer you is put you at ease. Customer service should be good because that helps you more than paying off your debts. You should be explained about the root cause of your debt and educate you on avoiding such mistakes.
Select a company that shows transparency in its practices and policies. They should disclose all terms and conditions required to be done in business. All the information must be freely provided to verify whatever claims they make to the customer.
Looking for a reliable debt consolidation company? Visit us at Ooraa and get the best results. You can improve your condition and solve your debt issues with the help of our services.
Please note that all calls to the company may be recorded or monitored for quality assurance and training purposes.
Ooora Debt Relief helps its customers to understand the different choices they have to get rid of unsecured debt. Based on the conservative estimates clients that enroll in our Debt Management Plan and make all their payments on time generally experience a 50% reduction of their enrolled balance before our fees and about 30% reduction after payment of fees over12-48 months. Individual results may vary and are dependent on factors such as the total amount of debt, creditors’ cooperation, ability to save and successful completion of the program. Ooraa Debt Relief does not guarantee percentage reductions or the specific period in which the consumers’ debt will be resolved. We do not charge any upfront fees until a settlement that you have approved has been negotiated and at least one payment has been paid towards it. We do not provide tax, bankruptcy, legal or investment advice. Depending on your state we may be able to suggest a local tax professional or a bankruptcy attorney. Our program is not available in all the states and fees may also vary from state to state. Please consult a tax professional to consider the tax consequences of debt settlement.
The simulated savings calculator on our website is for illustration purposes only and may not always be accurate since they vary by each client’s unique situation. You should get a specific estimate from our company office for an accurate assessment before you decide to enroll in our program.
Please read and understand the contract terms and how the use of these services can adversely impact your credit before commitment.