How Debt consolidation works

Before consolidation program

Outstanding balance on credit card (15%)
Outstanding balance on Home Loan (17%)
Amount you owe on medical bills (16%)

So, the average interest rate = (15% + 17% + 16%)/3 = 16%

After consolidation program, the interest rates on your debts are negotiated down to:

Credit card - 10%
Home Loan - 16%
Medical bill - 10%
So, the average interest rate = (12% + 14% + 10%)/3 = 12%

Now if your total debt amount is $65000, you'll save = (16% - 12%) * 65000 = $2600 per year.

Recover your bad debts worldwide with National Asset Management Collection Agency.