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Debt Consolidation Loan

 
PAL logo

We understand that it can be difficult for consumers to get approved for a traditional debt
consolidation loan. Century has good news!

We leverage partnerships with third-party lenders who specialize in providing consolidation loans to consumers enrolled in the Century Debt Relief Program. The Program Acceleration Loan (PAL) is an invitation to apply for a loan that allows clients who are actively enrolled in successful debt relief programs, to complete their program much faster! If you become eligible and qualify for the loan with our lending partners, your remaining debt accounts will be negotiated and paid off using proceeds from the loan. This allows you to start rebuilding your credit profile and continue paying just one affordable monthly payment, as you have been accustomed to in your debt relief program.

It is truly the ‘Perfect Program Companion’ for our clients.

Are you eligible?

Just a few easy qualifications to apply …

 
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Enrolled in the Century Program

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Make 6 on-time, consecutive and in-full
monthly program deposits

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Have approved at least 1 active or completed settlement

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Meet lender’s qualifying total debt balance

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Benefits of PAL

Working hand-in-hand with your program …

 
Easy

Easy:

Continue to enjoy one affordable monthly payment for all debts resolved through the loan proceeds

discounts

Discounts:

Capture the value of reduced debt balances

build credit

Client Builds Credit:

With positive reporting of installment loan payment history

less stress

Less Stress:

End collection agency letters/calls and threatening lawsuits

How it Works

Use PAL to payoff your debt …

 
PAL How it works
enroll

01

Client enrolls in debt relief program

qualifications

02

Client meets lender’s loan qualification requirements

apply

03

Client applies for loan with participating lender

negotiations

04

If approved, remaining program debt accounts will be negotiated and settled

payoff

05

Client’s outstanding debt accounts are paid off with the proceeds from loan

complete

06

Client completes program

FAQs

Answers to client questions …

 
Will my monthly deposit/payment amount change?

Every program varies but most frequently, clients will experience a similar and possibly the same monthly loan payment as they had in their debt relief program. The lending partner can provide more detailed information on the your specific situation.

How do I become eligible?

The best ways to ensure you will qualify are:

  1. That you are very consistent with your monthly program deposit schedule. Our lending partners use
    your commitment to making your debt relief program payments on-time, as part of your qualification process.
  2. You pay other bills (not enrolled in the program) as agreed (i.e. utility bills, auto payments, mortgages, etc.).
  3. You do not do anything to disrupt the work we are doing with your program creditors. (i.e. Opening new credit cards or incurring a new debt with large periodic payments or going delinquent with accounts that are not on the program such as your mortgage and auto loan/lease).
How will I know when I am eligible to apply?

Your program team monitors your program progress and will notify you when you are eligible to apply for a loan with one of our lending partners.

What if I get declined?

If for some reason the lender declines the loan application, we will continue to work closely with you as you progress through your program to find the right time for you to re-apply with our lending partners.

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If you have additional questions about PAL, our Customer Care representatives are available by calling 888-913-8784.

Century Support Services, LLC (Century) has partnered with a third party to offer lending programs where, after making 6 or more consecutive on-time monthly payments on your debt settlement program, you may apply for a loan that, if approved, would enable you to accelerate your debt settlement program by loaning you money to complete your debt settlement program by paying off your enrolled debts (including Century’s fees for negotiating reduced settlement amounts) faster than you otherwise would by making all your scheduled debt settlement program deposits. All credit decisions are made by the third-party lenders. Loans are subject to additional terms and conditions, and amounts and interest rates vary based on individual circumstances and are not available in all states.

Clients who make all their monthly debt settlement program payments pay approximately 50% of their enrolled balance before fees, or 68% to 75% including fees, on average in over 24 to 48 months. Not all clients are able to complete our program for various reasons, including their ability to save sufficient funds. Our estimates are based on our own professional experience and prior achieved results, which will vary depending on your specific circumstances. We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. We do not assume your debts, make monthly payments to your creditors using our own funds, or provide tax, bankruptcy, accounting or legal advice or credit repair services. Our service is not available in all states and our fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials (including the program contract) prior to enrollment. The use of debt settlement services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest.

We do not discriminate on the basis of race, color, religion, sex, marital status, age, disability, national origin or ancestry.

C.P.D. Reg. No. TS. 19-08458

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