Most creditors will agreed to offer special repayment arrangements to consumers who qualify to enroll in our Debt Consolidation Program. Most often, these new terms substantially lower monthly payments and interest rates, while waiving late fees and penalties. A majority of lenders will in addition, bring your account “current” if you have fallen behind with your monthly payments.

First, submit a list of your debts to consolidated with one of our counselors.  We will then formulate a Payment Plan for your review. This individualized plan specifically details what type of repayment arrangements each of your creditors will accept. BSI then consolidates all payments together into one affordable consolidated monthly amount as a result.

Once BSI receives your first monthly payment, all creditors will be immediately notified that you have enrolled in our Debt Management Plan and to therefore adjust your account status.

BSI issues disbursements to each of your lenders within one week of payment receipt. Lenders will still send statements, confirming payments have been posted to your account, and interest is less if applicable. All Debt Management Programs are voluntary, and are pay as you go format. You may cancel anytime and you are under no obligation to BSI when you request a quote.  Most of all, BSI keeps all information received strictly confidential so consumers can feel at ease when discussing their situation.

BSI’s Debt Management Program is individually designed for consumers who are currently delinquent or experiencing difficulty with their debt obligations due to any number or circumstances. We will review the information you provide to make certain whether this is your best available option in conclusion. 

BSI currently has pre-approved agreements with many popular short term lenders to extend their terms and hence  give our clients lower monthly payments. Payments on a plan may be reduced by almost 50% or more than the original amount per your loan terms. Debt Management Programs are set up and approved by your lenders. This is most noteworthy, as settlement or negotiation services are just the opposite, which is why they have a notorious high rate of failure.  Consumers enjoy affordable monthly payments and terms while still being considered current on their obligations. A Debt Consolidation Program usually will also bring your enrolled accounts current, while furthermore ceasing collection calls. BSI currently works with many short term lenders including:

Speedy Cash…Spot Loans…Express Mart…Check into Cash Lending Club…North Cash…Rise Lending..CashNet USA American Web Loan…Castle Payday…Silver Cloud Financial Advance America… Allied Cash Advance…Lend Green….MaxLend White Pine…PLS…Green Valley Lending…West River Cash Golden Valley Lending… Sovereign Advance..Ace America Money Tree… EZ PayDay Loans…Mr. Money…Quick Cash All America… Cash Title Loans..Express Cash Advance..Lend Up … and many more

Once enrolled on a Debt Management Program, all future payments are made through BSI

Enrollment in a Debt Management program is generally regarded as far preferable to bankruptcy, debt settlement, or ignoring your repayment obligations all together. While Debt Management Plans do not alter FICO scores, please be aware that your decision to work with BSI might still be noted by the various credit bureaus. Since this may or may not be considered a negative notation, it could possibly affect your short term ability to obtain credit.

If a Debt Management Program is not your best alternative, Financial Counselors are available to still review yet other repayment strategies and plans with you at no charge. Educational, Budgeting and Counseling information can  also be provided free of cost.

Average Debt Management repayment programs can resolve credit card debt in under five years. Utilizing a program for payday loan consolidation can clear these types of debt in generally a year or less.

Since BSI will calculate your Repayment Plan based on the balances you provide, it is extremely important that all account information is current and accurate.

When enrolled on a Debt Management Plan, credit card lenders will close credit lines.  You may also exclude one or more cards from a consolidation program for emergencies.