Being a Californian citizen, you do not need to worry about your debt problems, as the debt consolidation programs here are meant to help you sort out all your financial difficulties.
Types of Californian Debt Consolidation
California has two major types of debt consolidation scheme, which are called the debt consolidation program and the other is the California debt consolidation loan. In order to determine what type suits you best, the services also offer a free counseling program, to guide you on the best path.
1). CA Debt Consolidation Program:
The debt consolidation program works like just other programs, which is the ability to combine all your bills into one single monthly payment. In this way , you keep yourself free from the multiple payment notices and are also able to handle creditors, as your company, will deal with the creditors, ensuring you a good negotiation.
2). California Debt Consolidation Loan:
Here, too the scheme is simple. An unsecured loan is given to the client and through this loan, he is able to pay all his debts at one time. Then later on repay the company’s consolidation loan at a lower interest rate and also at monthly installments. There is also another option of the secured California debt consolidation such as the home equity loans that can help you pay off heavy dues.
Benefits of CA Debt Consolidation
The California debt consolidation ensures the following benefits:
a). Reduced interest rates and monthly payments
b). No more collection/creditors harassing calls
c). No more dealing with multiple creditors
d). Completely eliminating the need for bankruptcy
General Information on CA debt consolidation
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Areas surrounding California, such as San Diego, San Jose, Fresno, Sacramento, Long Beach , San Francisco, Los Angeles can also receive the benefits of California debt consolidation services.
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Through California debt settlement programs, you can ensure that your home is safe and it does not need to go under the hands of creditors, incase you are not able to pay your dues.
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The Statue of Limitation (SOL) on Californian debt follows with written contracts, promissory notes, open ended accounts for a limit of 4 years and an oral agreement is for 2 years.
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In case of any harassment by collection agencies, you can easily contact the attorney general at the give address
Attorney General’s Office
California Department of Justice
Attn : Public Inquiry Unit
P.O Box 944255
Sacramento, CA 942244-2550
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