Before I sign anything, I want a single-sheet comparison. Right now I have multiple daily and weekly debits, and I need to see what I owe each funder, what the payments are, and what the total remaining payback is. Then I want to compare that with the new consolidation payment, fees, term, and total payback. What exactly should be on that sheet?
The sheet should show each current funder, current balance or payoff, daily or weekly payment, estimated remaining payback, UCC status, default status, and whether there is a personal guarantee or confession of judgment. The proposed side should show the new funder, new amount, fees, payment frequency, term, total payback, default terms, collateral, guarantee, and exactly what happens to each old position. If the provider cannot explain the before-and-after on one clear page, that is a warning sign.