Have I used them? I don’t have any debt, so I have nothing to consolidate. But I have helped family members and friends and people they know get out of debt. Basically I gather some information, send it to Citicorp Trust Bank, and they will do all the analysis to find a solution to get out of debt. The application is free and there is no obligation for you to go ahead with the loan.

On average, I have helped people get out of debt 5-8 years sooner and save them tens of thousands of dollars off their interest. How? By showing them how to utilize their monthly savings effectively. When you consolidate, you lower your monthly payment, which mean you have more money to spend. I show clients on how to use those savings by applying some of it back toward the principal payment and investing the rest.

There is no other companies like Primerica and Citicorp Trust Bank that is going to show families on how to eliminate debt. Let alone, do it for free. Other companies want to keep you in debt as long as possible. If they are not going to give you debt solutions, you can bet that you will be in debt for a long time.

You have to send them copies of most recent bills, credit cards, etc. (whatever you want to consolidate). They will contact your creditors and let them know you are starting the program. They will work with your creditors to arrange lower payments and interest rates. If you have made late payments some creditors won’t change your interest rate until they begin receiving regular payments. NovaDebt will come up with a comfortable payment based on your total debt and you will make one payment monthly to them, they in turn pay your creditors (for a nominal fee). You will continue to receive regular monthly statements from your creditors as well as a statement from NovaDebt. Again, if you’ve had late payments in the past, once enrolled in the program, your creditors are no longer allowed to contact you and ask for payment. If they do contact NovaDebt and they contact the creditor. In my experience, most creditors will discontinue any late fees as well.

Unfortunately, I had to use them two times. They were wonderful both times. I was able to pay my debts of in no time and I am finally debt free! What a wonderful feeling! I had a very good experience with them both times. Their staff is very helpful and nice to work with.

I know firsthand how stressful the burden of debt can be. I wish you the best of luck!

Consolidating your debt is only a good idea if you close all the cards/lines of credit that you’re consolidating. Otherwise, you’ll only dig a deeper hole for yourself that will be twice as hard to get out of as where you are now.