What is debt consolidation?

It is a sharp, successful, proven and focused strategy to better manage consumer debts and get rid of unwanted calls from collection agencies. Rather than paying off several separate bills each month, a consumer consolidates his or her debts with a financial institution that will arrange for one lower monthly payment extending over a period of time.

How does Debt Consolidation Process works at X-Bankers:

1. We speak to you and understand your outstanding payments
2. We have made arrangements and streamlined proper channels with all leading banks and financial institutions for debt consolidations of our clients
3. We coordinate and set up a debt management plan to work out terms to repay your remaining balance
4. We coordinate and set up a debt management plan to work out terms to repay your remaining balance
5. We help our clients to avoid bankruptcy
6. We negotiate best possible terms with your creditors, like
1. lowering or eliminating your interest rate
   
2. setting a due date for payment every month
   
3. stopping all fees – late, annual, over limit etc
4. set monthly payment that will pay off your debt at the earliest
7. We help resetting your account after a certain period, typically 3-6 months, during which you make your agreed upon payment on time. Re-setting the account means that the company will no longer report you to the credit bureau as late or over your limit.
8. We request written confirmation of the agreements from your creditors.

As your budget allows, pay extra money on the smallest balance. Do this consistently. Once that balance is paid off, add its payment to the card with the next smallest balance. Continue to do this until all your debts are completely paid off. For this system to work its magic, you MUST commit to rolling your payments.