The Debt Consolidation FAQ

Q: What are unsecured debts?
A: Unsecured debts are loans or debts with no tangible property attached such as credit cards, medical bills, store cards, personal loans and collection accounts.

Q: Will this affect my credit?
A: First American Debt Consolidation and Loans does not report to the credit bureaus. Your creditors may report that your participating in a debt management program. Typically, future creditors view this as a positive step since you're taking responsibility for your debt and meeting the minimum monthly requirement through our program.

Q: Is this a loan?
A: No, we do not issue loans. Our agency works with your creditors to reduce the overall monthly payments on your current debt and lower your interest rates as much as possible. You are not required to be a homeowner to join our program.

Q: Shouldn't I get a home equity loan instead?
A: Borrowing more money will just get you further into debt. This is like "robbing Peter to pay Paul". Our service reduces your overall debt without the need for any type of loan.

Q: Which creditors participate in your program?
A: Creditors participating in our program include Amoco, AT&T, Bank of America, Bank One, Capital One, Chase, Citibank, Discover, Exxon, HFC, HomeDepot, G.E. Capital, Lane Bryant, Sears, Spiegel, SunTrust, Target and many others.

Q: Who can qualify for your debt consolidation program?
A: Anyone with at least $5,000 in unsecured debt can join and benefit from our program.

Click here for a Free Debt Consolidation Quote! One of our counselors will contact you and design a plan that easily fits within your budget. You can begin living debt free today!