Loans...

There is a difference between a debt consolidation program and a debt consolidation loan. Debt consolidation loans usually involve collateralizing the note with an asset such as the family home. There are several problems with debt consolidation loans and second mortgages. The first and most important issue is the fact that you cannot borrow your way out of debt. The second problem with debt consolidation loans is the fact that you are turning unsecured debt into secured debt, putting your most valuable asset at risk and comitting to a much longer payoff time, usually 15 years or more. In addition to these problems the credit cards get paid off in full and remain open accounts with available credit making it tempting to use them again and find yourself with the high balance revolving debt all over again, we see it all the time.

In most cases Accelerated debt Consolidation, Inc. can get you lower rates than you could attain through a second mortgage, without you having to borrow any money. Our clients can usually pay off what they owe through our debt consolidation program in 3 to 5 years instead of 15 to 25 years and continue to build equity in their home. Before you put your most valuable asset at risk with a home equity loan submit our Free Quote form and let us analyze your unsecured debt obligations, in most cases we will get you out of debt much quicker and without the need for more credit.