Ameridebt Debt Consolidation

What Has This Company Done For Consumers?

Who Is Ameridebt Debt Consolidation?

Ameridebt debt consolidation was a non-profit debt consolidation company that was one of the first and most famous of the debt consolidation companies. They offered a program to people who were in debt that allowed them to work out a solution to pay off their creditors at a lower monthly rate. They negotiated with the client's creditors to get a lower interest rate, lower payment and got them to re-age a client's accounts, making them appear current on their credit report while they were making timely payments. The goal of Ameridebt was to help consumers manage the huge amount of debt they had and still fulfill their financial obligations to their creditors. Ameridebt was one of the first of their kind in the field of debt consolidation, but they were definitely not the last.

Where Is Ameridebt Now?

The CEO of Ameridebt made some questionable financial choices, The company was asked to stop doing business, and Ameridebt closed their doors and transferred all of their clients to Money Management International. One of the things that Ameridebt and other debt consolidation companies realized is that clients not only need help with creating a workable debt management plan for their debts and delinquent accounts, they also needed to have financial counseling and education. This is the new goal of most debt consolidation companies as they not only help their customers get out of debt; they also help them make sound financial decisions now and in the future. They want to see people handling their finances responsibly.

What Can You Learn From This?

While Ameridebt debt consolidation services did not continue as a company, they did help thousands of customers realize their dreams of getting out of debt. They introduced some of the important concepts that other debt consolidation companies use today in the area of financial education for clients. They were among the first to discover that debt consolidation is not just about debt, it is also about financial responsibility.