Common Questions

Common Questions -
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Below are some common questions that potential clients have asked us before enrolling in our student loan & debt consolidation program. If you have a question that is not answered below, feel free to contact us.

What does it mean to consolidate your student loans and unsecured debt?
Loan and debt consolidation is a method by which a consumer groups together all of their unsecured loans and debts in an attempt to acquire reduced payments through lower interest rates, reduced and/or eliminated late fees, and perhaps longer terms.

Who is BeatStudentDebt.com?
We are powered by DMCC Corp., a non-profit consumer credit counseling company. We have been in the debt consolidation business for over 7 years and have assisted thousands of students settle their unsecured debts and student loans. We have debt management counselors on staff that have been certified by the National Institute for Financial Counseling Education to assure effective debt management and the proper handling of your account.

How does your student debt/loan consolidation program work?
We will reach a deal with your creditors and lenders and attain the most desirable terms achievable. In turn, you will make a monthly payment to, DMCC Corp.. We will then make the payments to your creditors in an arranged upon fixed amount.

What are the benefits of student loan consolidation and debt consolidation?
By negotiating with your creditors, we will be able to:

Protect your credit rating.
End those pestering phone calls from your creditors.
Reduce and/or eliminate your high interest rate and late fee.
Reduce your monthly payments up to 70%!
Consolidate all your college loans and unsecured debts into one low payment.
Get you out of debt quickly and hassle free!

How long will it take to for me to be completely out of debt upon enrolling in your program?
Depending on the overall quantity of debt you have, clients are normally able to become debt free within 1 to 4 years, as opposed to the 15 to 20 year route they were following before enrolling in our student loan consolidation and debt consolidation programs. At the conclusion of our program, when all of your debt is settled, we will also ask that your creditors recognize in writing that you have paid your debt off.

What sorts of unsecured debt can I consolidate?
Any type of unsecured debt is acceptable, including but not limited to credit card debt, medical bills, overdue utility bills, department store cards, lines of credit, collection agency debts, personal loans, and of course student loans.

Will your student loan consolidation and debt consolidation program help repair my credit?
Your credit rating will get better when you are a client of our debt management services. This is a direct result of the positive payment history you are demonstrating as we pay your creditors regularly, every monthly. However, we do not eliminate negative credit information from your credit report. Any person or company that says that they can is lying. We will teach you how to remove erroneous information as well as how to manage your finances to prevent future incidences of debt from occurring.

Will debt consolidation adversely affect a positive credit rating?
It will state on your credit report that your debt is being paid through a credit counseling organization. This merely shows to future creditors that you've taken responsible steps toward settling your debt. Creditors will also look positively upon the recurring payments you'll be making through the program.

Can I apply for a loan with your company?
We provide loans for people with good and bad credit.