FAQ

Although debt consolidation has become a popular tool for eliminating debt, many people still are not familiar with it. Here are some of the most common questions we receive about debt consolidation:

How can I consolidate my debt?

It’s easy! Get started immediately by filling out the simple form with some information about yourself and your debt. Then we can quickly get you matched up with the perfect debt consolidation company for your unique financial situation!

How does debt consolidation work?

Most companies start the debt consolidation process out by negotiating your total debt and interest rates with your creditors. They will work to eliminate as much debt as possible and try to bring down your interest rates. Then what’s left of your debt is compiled into a single debt that you make just one monthly payment on. With lower interest rates and lower overall balances, you can eliminate your debt in no time!

Will debt consolidation affect my credit score?

Signing up for debt consolidation will not affect your credit score, but your score could be affected positively over time. Paying off your debt and doing it on time will only help increase your credit score.

How long will it take to be debt free?

The amount of time it will take you to eliminate all of your debt depends on exactly how much you already have. Obviously, the less debt you currently have, the faster you can get it paid off. For most people, the entire debt consolidation process can be completed anywhere from 6 months to a couple years.

Is the Adam’s Financial Group a debt consolidation company?

No, we are not an actual debt consolidation company. Instead, we offer our visitors a completely free and easy service by matching them with the debt consolidation service that best fits their needs.

Is debt consolidation similar to bankruptcy?

No, bankruptcy and debt consolidation are actually completely different. Bankruptcy is a last resort, an option that should only be used when all others have been exhausted, including debt consolidation. For many people, it takes years to climb out of bankruptcy, at which point they have to basically start their financial lives over. Debt consolidation could take a few years as well, but you’ll be better off for it financially.

Is it safe to place my financial information online?

Yes, it is always safe using our debt consolidation matching service. We take pride in providing our visitor with the highest level of security possible. So when you decide to fix your debts, which you should do immediately, let Adams Financial Group help you consolidate.