Consider Credit Counseling Services


Debt consolidation is the process of taking multiple debts, and combining them into one single monthly payment. There are a number of companies that can do this for individuals in need, such as a credit counseling agency. The benefits of consolidating your debts may include: Lower monthly payment, lower fees, lower interest rates and cancelling previous fees or penalties related to tardy or missed payments. However, you won't know exactly what type of savings you can receive from debt consolidation until you speak with a debt consolidation company.

Should I Consolidate My Debts? When you're in debt, sometimes it can be overwhelming. You might be on the fence, uncertain what to do with your personal finances. However, there are solutions to your financial situation. Debt consolidation can save you thousands of dollars and speed up the length of time it takes for you to pay off your debt.

Should you consider doing debt consolidation on your own? There are several different options for consolidating your debts without the help of a debt consolidation company. You can transfer your credit card balances to another low interest credit card, take out a home equity loan or apply for a personal loan from a bank or credit union.

However, before you choose any of these options, you should understand the pros and cons of doing debt consolidation by yourself. There are some common misconceptions about debt consolidation. Someone might have told you that debt consolidation hurts your credit, or that a debt settlement program is the same as a debt consolidation program. These are just some of the myths surrounding debt consolidation.

Before you consider debt consolidation, debt settlement or even bankruptcy, you should acquaint yourself with the facts surrounding these options. Each one has a different set of criteria surrounding them and you should research them thoroughly. So before you take another step further towards consolidating your debts, learn about the myths surrounding debt consolidation.

Consolidated Credit Counseling Services has been helping consumers with debt consolidation since the early 1990s. If you want to consolidate your debts into a manageable payment, call 1-800-320-9929. A certified credit counselor will examine your budget and suggest the best course of action to improve your personal finances.

The content of this website is informative only. does not provide any kind of Legal or Financial Advice.

Copyrightę 2009-2010 SX3 Software, LLC. All rights reserved. Reproduction of any portion of this website is strictly prohibited.