Frequently Asked Questions
about DCC’s Services
What does speaking with a Certified Credit Counselor typically involve?
The Certified Credit Counselor will discuss your financial situation with you in a respectful and professional way. Your information will be kept strictly confidential. (more)
What is the Debt Consolidation Debt Management Program?
Debt Consolidation is a Debt Management Program which allows your creditors to significantly lower or eliminate your interest rates. (more)
Is Debt Consolidation a Loan?
No. Debt Consolidation is not a loan; it is a debt repayment program, which is better than a loan. Because it is not a loan, you are not adding to your debt. Instead, you are paying off your debt, but much more quickly than you otherwise could. You do not need to own a Home in order to qualify.
How Will This Program Affect My Credit Rating?
DCC does not report information to any credit agencies. (more)
Can My Credit Rating Be Repaired by Enrolling in the Debt Consolidation Program?
No. No one can remove or wipe out your previous credit history. (more)
What kind of debt can I consolidate?
Most forms of unsecured debt can be included in our Program.
What is unsecured debt?
Unsecured debt is money owed that has no property or collateral attached to it. (more)
How do I qualify for the Program?
Any Consumer who is having difficulty paying their bills on time, juggling bills,... (more)
Once I enroll in the Debt Management Program, will creditors still call me looking for payment?
Within three months of making three consecutive, on-time payments on our Program, most accounts will “re-age” and will be brought current. (more)
Why are the creditors willing to lower my interest rates?
Creditors know that when a Consumer enrolls in a debt consolidation program, they could also be considering bankruptcy. (more)
How is the Debt Consolidation Debt Management Program different than bankruptcy?
When you declare bankruptcy, you do not pay your bills and your credit rating gets ruined. By contrast, with the debt consolidation Debt Management Program, you DO pay your debts and your debtors are satisfied.
How do you calculate my monthly payment?
Different creditors have different minimum payment requirements for acceptance onto a debt management program. (more)
Will I be able to send in more money than the minimum payment if I want to?
Definitely. You are always free to make higher payments than the minimum amounts required,... (more)
Why is DCC’s non-profit status important?
Many companies provide debt consolidation. (more)
What kind of educational information do you provide?
At Debt Counseling Corporation, our mission is to provide education and counseling in order to assist all consumers to become debt-free while maintaining a dignified lifestyle. (more)
How can I find out more?
If you want to find out how much money you can save every month and learn new ways to manage your debt, click here for a Free Information Request Form.
