Ask the Experts about Debt Elimination

Don’t let debt run roughshod over your finances! Find all the answers you need about eliminating debt as quickly as possible.

Being able to manage debt and eliminate debt efficiently is critical to your financial success. If you can keep debt under control, you’ll avoid financial issues and have an easier time maintain a high credit score. On the other hand, when debt gets out of control, it’s almost impossible to reach your financial goals.

With that in mind, we’ve put answers to all of the questions we’ve received about how to eliminate debt below. These pages should be able to help you manage debt in your own situation. If you can’t find the answer you need or need more information, ask your question using the form to the right and we’ll respond within 48 hours. If you need immediate assistances, call us at to speak with a certified credit counselor now.

    • Close credit card accounts

      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.

    • Consolidate your debt

      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.

    • Debt collection letters flood your inbox

      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.

    • Move forward with a debt management program

      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.

    • Wondering about the cost

      People often wonder how much they can expect to pay for debt consolidation. April Lewis-Parks explains how fees are calculated and applied when you consolidate through a debt management program.

    • Find financial freedom with debt consolidation

      A burdened borrower wants to know if she can consolidate two debt consolidation loans along with her credit cards using a debt management program. Our expert explains how and when this can be done.


    • A client wants to know if it’s possible to add credit cards to her debt management program. We explain how accounts can be added after the fact and what needs to happen if you want to leave cards off in the first place.

    • Working your way through your debts

      Every monthly payment you make on a debt management program is distributed amongst the creditors you owe, so what happens after an account gets paid in full? President Gary Herman explains in this video ask the expert.

    • Learn more about a debt management program

      A borrower with fair credit asks how a debt management program will affect their credit and how the program compares to a debt consolidation loan they can only qualify for at an interest rate of 28%. How does the DMP stack up?

    • Who do you owe to pay off your debts

      People often have questions about who they owe once they enroll in a debt management program. We explain why you still owe your original creditors and how the program works to pay your creditors off without transferring the debt.

    • Facing debt collections

      While enrollment in a debt management program is the most beneficial before your debts are charged-off by the original creditor, going through credit counseling can still help you even if your debts are already in collections and sold to a third party.

    • Couple enrolls together in a debt management program

      When you decide to use a debt management program, you may wonder if your spouse has to enroll in the program with you or if you can simply enroll on your own. We help you understand how cosigners and authorized users may affect enrollment.


    • People often assume as six-figure income automatically equates to financial success, but unfortunately a big salary can mean even bigger debt problems. Credit counselor Elana Riback helps high income earners achieve a balanced budget.

    • How debt consolidation works

      If you’re struggling to get ahead with your credit card debt payments and getting nowhere fast, debt consolidation may reduce your interest rates so you can pay off debt faster. Learn how consolidation works to decide if it’s right for you.

    • How high will interest rates rise?

      Credit card debt can be tough to manage – especially when your interest rates get so high that your minimum payments barely make a dent in paying off your debt. Credit counselor Adam Silverman explains how to make a plan to get ahead.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

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With this amount of debt, you'd pay around $xx.xx on a DMP.

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