Debt consolidation involves rolling several debt payments into one single convenient payment, as well as, drastically reducing your current interest rates. If you think you need a Virginia debt consolidation company, know that there are a few options that may help pay down your debt. You can count on UmbrellaDEBT to guide you in the right direction. We are always at your service!
At UmbrellaDEBT, we understand that each customer has a different financial situation. We serve customers in Virginia and nearby cities.
How Do You Qualify For Debt Consolidation?
Debt consolidation may reduce your monthly payment and interest rates. It also helps by combining multiple debt payments into one payment, making it easier to pay off the debt. But how do you qualify for one? It is important to know that consolidation companies might have different requirements to be eligible for their debt consolidation. However, below are some common requirements:
Proof of Income: This shouldn’t sound as a surprise; it is one of the most important debt consolidation qualifications. Consolidation companies will want to know if you have the ability to sustain monthly payments.
High Interest Rates: Generally speaking, a consolidation program is for consumers dealing with high interest rates of 15% or greater.
Closing the Cards: Any account enrolled into a consolidation program will be closed. If you are not prepared to fully commit to becoming debt free, and refuse to close your accounts, then this may not be the right fit for you.
Contact Us Today!
Contact us at UmbrellaDEBT to find out more about debt relief options. Many people believe that debt consolidation in Virginia is the only option, but there may be a different plan that better suits your needs. Our experts will be happy to speak with you and discuss the various debt management options available to you. We will offer you a personalized solution depending on your specific needs. A fantastic experience awaits you.
Virginia Debt Consolidation