Ask The Experts
Have a financial question? Our team of experts has the answers you need.
Don’t leave your financial life up to chance or guesswork – get the answers you need to all your financial questions here! Consolidated Credit’s team of experts is here to answer your questions for free so you can make the right choices to overcome financial challenges and reach your goals.
In the Ask the Expert series, people ask a lot of really good questions and sometimes it’s hard to give an answer that works for everyone. Everybody’s situation is different so the best advice I can give is: Ask these questions to your counselor after you’ve already talked to them about your specific situation.
I’ll do the best I can to give the general answer to the questions that are being asked, but you will get a more specific answer from your counselor after they know what your situation is.
Below you’ll find answers to past questions we’ve received. If you have a question of your own, fill out the form to the right and we’ll get the answer you need within 48 hours, and if we think it’s an answer others can use, too, we’ll post the response here so everyone can benefit!
Most Recent Questions
The homebuying process can be complex and even intimidating if you don’t know what to expect. HUD-approved homebuyer workshops help firs-time buyers learn about the process so they know how navigate it to get approved.
When you enroll in a debt management program it allows you to consolidate high-interest credit card debt into one low monthly payment, but there’s a tradeoff. Learn how the program impacts your ability to use your cards.
A debt management program allows you to consolidate debts into a single monthly payment at lower interest rates, but it won’t work for just any kind of debt. We tell you what can and can’t be included when you enroll.
When collectors start to call and send letters, it can be overwhelming – especially if you aren’t sure if the debts they’re asking about are even yours. We explain how to use your credit report to verify which debts you owe.
Just because you’re getting sued over an unpaid debt, it doesn’t mean you’re stuck! Consolidated Credit’s President Gary Herman explains how you may still be able to enroll in a debt management program even with a lawsuit.
More Questions by Category
- How Do Homebuyer Workshops Help First-Time Buyers?
- What is Mortgage Insurance?
- Is Taking Out a Home Equity Loan a Good idea?
- Can I Buy a Home with Bad Credit?
- Should I Help My Brother Out of Debt?
- Preventing Joint Accounts from Causing Credit Damage
- Money Management After Marriage
- Do I Have to Close My Credit Cards When I Enroll?
- What Types of Debt Can I Consolidate?
- How Do I Know If a Debt is Really Mine?
- Can I Enroll If I’m Being Sued?
- What are the Fees for a Debt Management Program?
- Can I Consolidate Debt Consolidation Loans?
- Can I Add Accounts to My DMP?
- What Happens Once I Pay Off an Account?
- How Will a DMP Affect My Credit & Interest Rates?
- Who Do I Owe on a DMP?
- Can Credit Counseling Help with Collections?
- Are Spouses Required to Enroll Together?
- Six-Figure Salary, Six-Figure Debt
- Should I Consider Consolidation?
- Making Headway When You Pay Off Debt
- How Can I Protect My Identity for the Holidays?
- How Do I Rebuild My Credit Score?
- No Credit Card, No Credit History
- Do Credit Scores Merge after Marriage?
- Credit Score Factor: Types of Credit