NDR Debt Relief/Settlement
Need $10,000 --> $150,000 Total Debt
: 10:00 am to 11:00 pm
The New Age Debt Consolidation Company
These "new world" debt consolidations are high-yield, meaning high-yield for them. Big profits for them. What some of these companies do now is take on ANY consumer, regardless of how bad their ratings are, and how much bad, high interest debt they have, and how low their monthly or biweekly income is.
They promise through the advertising that they will help you consolidate ALL your debts, pay off all your creditors, and make your life much less stressful. Unfortunately, not all borrowers are in a position to get approved for any kind of lending product, so their promise if false.
These debt consolidation organizations CHARGE you a fee for the services even when they know that you may not be eligible for a debt consolidation loan. They don't care of course, because they are getting their fee from you in return for the hope that you will be free of your credit card debts (just an example).
Then what happens is the credit bureaus see that you have been applying for yet another loan - applying for MORE credit, and this hurts your credit rating even more.
So be careful who you choose to do business with. Make sure you are dealing with a reputable debt consolidation lender - one that will refuse you their services if they know you are not going to be approved for a loan.
For more information on debt consolidation loans feel free to bookmark Lazerloan.com for future reference.
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