Debt Consolidation Options

Consumers today are bombarded with various types of offers and programs to help them with debt consolidation. From credit counseling to bankruptcy to debt consolidation loans, the amount of options out there can be confusing at best. Help Consolidate My Debt is here to help guide you through the maze of choices available today.

Debt Consolidation and Credit Counseling programs were designed to help consumers repay their unsecured debts at a reduced rate. Once enrolled, the company will negotiate with the creditors you signed up to the program to have your interest rates reduced, or in some cases eliminated altogether. You then send the company one, lump sum payment on a monthly basis which they in turn dispurse to your creditors.

So called debt consolidation loans are really just refinance and home equity loans in disguise. They typically come with costly application fees and additional costs. You can consolidate your debts with these types of loans but keep in mind, credit card debt is unsecured debt, a mortgage loan is secured by your home, if you should happen to miss a few payments you can lose your home.

Filing for bankruptcy protection is a very serious matter and not to be taken lightly. Bankruptcy can eliminate most of your debts but in addition it will show up on your credit report for a minimum of 7 years, and in many cases longer, making it very hard for you to obtain good credit in the future.

• May Cut Payments up to 70%
• Make One Low Monthly Payment
• Elimination of past-due collection calls
• Account re-aging