Debt Eliminators - FAQ

Q: What is Loans Consolidation or Debt Consolidation?
A: Debt consolidation is simply merging of several loans into a single loan.

Q: I have bad credit, can I apply for debt consolidation?
A: Yes, even if you have bad credit, defaults and arrears on your existing loans.

Q: Do I need a mortgage or other security to apply?
A: No. However if you have large personal loans you should consider it.

Q: Can I consolidate all my debts into my home loan?
A: Yes if there is enough equity in your home loan.

Q:. Can I consolidate my secured and unsecured debts together?
A:. Yes.

Q: What is my interest rate going to be?
A: Your interest rate will be reduced, more details is needed for an exact answer.

Q: Can you talk to my creditors, companies I owe the money?
A: Yes, in many cases we can negotiate with your bank.

Q: How long does it take to consolidate my debts?
A: This will depend as each applicant has different circumstances, usually 1 week.