Take care of your loved ones by being rid of debt. Without having debt hanging over your head you will e able to provide better for your family.
Staple Get more cash in your pocket when you use a debt erasing program specific to your needs.
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Types of Debt

Learn more about the types of debt before you apply to erase debt. We'll explain the difference between secured and unsecured debts here.

Unsecured Debt

To qualify to erase debt with debt consolidation, you will need to have unsecured debt. Unsecured debt is debt that is not tied to a physical piece of property, like a house, car, boat, etc. Unsecured debts usually have higher interest rates than secured debts but are less risky. If you fall behind on payments on an unsecured debt, a creditor cannot seize your property. At the worst, the creditor may get a judgment against you to garnish your wages. Because creditors are much more willing to negotiate in your favor with unsecured debts, we require that you have at least $5,000 in unsecured debt to apply to erase debt. This way, we can negotiate more effectively with your creditors to reduce your interest rates and erase debt successfully. Here are some examples of unsecured debts:

  • Credit cards
  • Student loans
  • Medical bills
  • Debt consolidation loans not secured by your home
  • Old utility or phone bills (line has been disconnected)
  • Personal loans without collateral

Secured Debt

Secured debt is not eligible to erase debt for debt consolidation. Secured debt is debt that is attached to a piece of collateral. Usually, this collateral is attached in the form of a lien. A lien refers to a monetary claim against a piece of property that must be satisfied before full ownership can occur. A common example of a secured debt is a home mortgage. Your mortgage loan is secured against your home-if you don't make your payments, your lender can seize your home. We don't allow secured debts to be included in our service to erase debt because creditors are much less willing to negotiate when they could just seize property instead. This makes it hard to convince them to lower their interest rates, which makes it difficult to erase debt. Here are some examples of secured debt:

  • Mortgages
  • Car loans
  • Personal loans with collateral attached
  • IRS tax liens

If you have any questions regarding our debt consolidation process, please visit our FAQ page.